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SatLayer has officially launched its development network (Devnet) for Bitcoin restaking, allowing developers to create Bitcoin-backed decentralized applications with improved security and liquidity. This protocol, built on Babylon Labs, aims to facilitate the re-staking of Bitcoin that has already been staked on the Babylon platform. Babylon has designated SatLayer as its official re-staking partner, enabling users to unlock a Bitcoin Verification Service (BVS) that provides shared security for various protocols and decentralized applications (dApps). SatLayer previously raised $8 million from notable investors, including Hack VC, and its collaboration with Babylon is expected to enhance the Bitcoin ecosystem by providing additional opportunities for liquidity and security in decentralized finance (DeFi).
SOLV TO LAUNCH ON-CHAIN MICROSTRATEGY FOR YIELD-BEARING BITCOIN Solv is set to launch an “onchain MicroStrategy,” aiming to turn Bitcoin reserves into a yield-generating asset. The initiative looks to replicate the success of MicroStrategy’s strategy, leveraging Bitcoin to not… https://t.co/PQ7SMbA9gD
SOLV SET TO LAUNCH ‘ONCHAIN MICROSTRATEGY Solv’s about to flip the script on Bitcoin by launching an “onchain MicroStrategy” that turns your Bitcoin from a dead stack into a cash machine. Staking BTC on layer-2s and DeFi platforms to get some serious yield. With $3B in TVL,… https://t.co/TcN0cHsrDW
“Who is doing the MicroStrategy of Solana.” Let’s be clear on what MSTR does to Bitcoin. 1. It allows a market which legally CANNOT hold Bitcoin to gain exposure to Bitcoin by packaging it in various instruments (“refining the crude capital of Bitcoin into refined capital”).…
