Cryptocurrency Q&A
What is the Oshi Satoshi protocol?
What is the Oshi Satoshi protocol?
Raffaele
Thu Nov 07 2024
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5 answers
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The Oshi Satoshi protocol is a collateralized debt position (CDP) protocol built on the Bitcoin Layer2 BEVM. It aims to provide liquidity for the Bitcoin ecosystem by allowing users to deposit BTC as collateral and borrow the SAT stablecoin pegged to $1 USD. The protocol has completed a $2 million funding round and has a lock-up volume of over $1 million. It features a risk management mechanism including collateral liquidation and a stable pool to ensure the stability of SAT. Additionally, the protocol has native token OSHI with a total supply cap and various incentives for participants.
5 answers
Caterina
Sat Nov 09 2024
The protocol primarily consists of two key components.
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Stefano
Sat Nov 09 2024
The first component is satUSD, a stablecoin that maintains a fixed value relative to the US dollar.
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GinsengBoostPower
Sat Nov 09 2024
The second component is OSHI, a utility token designed to provide benefits to participants within the ecosystem.
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Margherita
Fri Nov 08 2024
Users have the ability to generate liquidity through the minting of satUSD, using collateral as a form of security.
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EchoPulse
Fri Nov 08 2024
To ensure the stability and security of the system, a minimum collateral ratio of 110% is required.
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