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The Satoshi Protocol is a revolutionary "universal" stablecoin protocol backed by Bitcoin. It allows users to deposit BTC as collateral to borrow the stablecoin $SAT on both Bitcoin mainnet and multiple L2s. The protocol revolves around two primary components: satUSD, a stablecoin pegged to the US dollar, and OSHI, a utility token that benefits participants in the ecosystem. Users can generate liquidity by minting satUSD against collateral, ensuring a minimum collateral ratio of 110%. Plus, it allows satUSD holders to redeem their collateral through a well-designed redemption mechanism, maintaining the stable value of satUSD. The Satoshi Protocol represents a pivotal development in the evolution of Bitcoin DeFi. This innovative platform empowers Bitcoin holders to unlock liquidity from their assets without the burden of unpredictable interest payments, marking a significant advancement towards making Bitcoin truly spendable and enhancing its utility beyond merely being a store of value. Furthermore, the Satoshi Protocol is a multichain protocol, with its stablecoin satUSD featuring a highly compatible multi-token standard mechanism. This enables satUSD to circulate freely across various blockchain standards, including the Bitcoin mainnet, thereby expanding its usability and interoperability across different blockchain ecosystems. The protocol is anchored by two core components: satUSD, a stablecoin pegged to the US dollar, and OSHI, a utility token that incentivizes and rewards participants within the ecosystem. Through the Satoshi Protocol, users can mint satUSD by collateralizing their Bitcoin and other assets, ensuring a robust minimum collateral ratio of 110%. This process not only facilitates liquidity generation but also allows satUSD holders to redeem their collateral through a meticulously designed redemption mechanism, thereby preserving the stable value of satUSD.

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