Support wstBTC as collateral ✨

Satoshi Protocol is teaming up with @bidofinance in a strategic partnership that's set to shake things up.

You can now use $wstBTC as collateral to borrow $SAT

Here's how 🧵

2/ What is Bido

@bidoFinance is a Bitcoin liquidity staking protocol on @BTCLayer2.

• stBTC is a rebasing token representing a share of staked BTC in BEVM.

• wstBTC is the non-rebasing version of stBTC designed for better interoperability within the BEVM ecosystem.

3/ How it Works

By staking BTC through Bido, you can earn additional stBTC rewards, representing your share of the BEVM network's gas revenue. 

Leverage your wstBTC to borrow SAT, and unlock the full potential of your Bitcoin

4/ How to Use

1. Stake your BTC using Bido to get stBTC 

2. Wrap your stBTC to get wstBTC

3. Go to @SatoshiBEVM, deposit $wstBTC as collateral to borrow $SAT

https://youtu.be/UPNXqsJYXko?si=gK9SS6H92fOBhZf_

Dive deeper into the @SatoshiBEVM @BidoFinance partnership and what the benefits are for users by supporting wstBTC as collateral.

Read more👇🏻 https://medium.com/@satoshi-protocol/satoshi-protocol-partners-with-bido-and-support-wstbtc-as-collateral-0ca27885d490


Introducing wstBTC as Collateral with Satoshi Protocol and Bido Finance