Satoshi Protocol

Satoshi Protocol is the CDP protocol built on BEVM, facilitating users to deposit BTC and mint stablecoin SAT. SAT is backed by BTC with over-collateralization. If the position's collateral ratio drops below 110%, it will trigger liquidation, using stability pool to repay debt. In short, SAT is over-collateralized with a liquidation mechanism and stability pool for debt repayment.