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Overview

Satoshi Finance is a decentralized stable coin protocol that allows user to mint a USD-pegged token called btUSD by using BTCB as collateral on BNB Smart Chain.

The minimum allowed collateral value ratio to minted btUSD is 110%: for example, you could mint 1000 btUSD by collateralizing $1100 worth of BTCB.

There are also some battle-tested mechanisms in place for the stability of btUSD. Learn more about how these mechanisms work in dedicated documentation sections.

Key Features in summary

  • Interest-Free: There is no interest for the minted btUSD no matter you are going to keep the collateralized position for a month or a year
  • Efficient-Liquidation: btUSD holders could deposit into stability pool to provide offset reserve for liquidation and earn liquidated collateral plus SATO token in return
  • Guaranteed-Low-Bound: When btUSD is traded below $1 peg, any btUSD holder could redeem 1 btUSD for $1 worth of collateral from the system, thus making an effective support for restoring the peg
  • Immutable: All protocol parameters are determined at time of contracts deployment and no admin or DAO could change the values or upgrade the contracts
  • Decentralization-First: Everyone could host a frontend User Interface to diversify the adoption and provide censorship resistance