SatLayer Minor Speech (feat. Bitcoin Restaking)
Yesterday, I walked for 10 minutes from the company with my old and tired body to go to @satlayer meetup.
I was always very interested in this project... I didn't throw it, but I went there because of the "special gift". (To be honest, I was going to write this article, but I couldn't even think of the name SatLayer, so I looked it up again)
SatLayer is a Bitcoin restaking project.
The idea is to stake the bitcoins staked through Babylon once again in other places that need security, use them, and receive various rewards.
In terms of Ethereum, it can be said that it is a project like EigenLayer or Symbiotic.
(Close your eyes for the Kaito algorithm)
To put it bluntly, I don't really understand why Bitcoin restaking is necessary yet. (I may not be very interested in this field, so please teach me!)
Ethereum restaking is also not in demand compared to what was incredibly overvalued and highly anticipated. Well, it seems that the demand was found in the Ethereum mainnet itself, but this is a little different from the demand that was originally expected.
Even if you find a good use and can be useful, you can use the huge asset of $BTC to stake and re-stake it again, but I don't know where you need SatLayer's own token. (This is needed to give you an airdrop!)
Anyway! Certainly, the new office lounge in Hashed is cosy and has a good view every time I go. The food at the event was delicious (I couldn't eat because I was late), and the event was good.
The "special gift" was an airdrop, and SatLayer is the best!!
Show original
70
8.54K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.