Satoshi Protocol Announces Strategic Investment in Prosper to Enhance Hashrate and Bitcoin Liquidity Solutions

2024 / 11 / 20

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Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced a significant investment from Satoshi Protocol, the first universal stablecoin protocol backed by Bitcoin.

The investment aims to support Prosper’s vision of tokenizing Bitcoin hashrate and expanding liquidity solutions within the Bitcoin ecosystem. Notably, Prosper's substantial Bitcoin liquidity reserves are expected to play a pivotal role in this partnership, potentially strengthening Satoshi Protocol's stablecoin operations and enhancing overall ecosystem liquidity.

In addition to the investment, the partnership will explore collaboration in real-world asset (RWA) collateralisation and aims to create seamless access to Bitcoin-based financial products, expanding liquidity farming and yield opportunities for Prosper’s token holders while increasing utility across the ecosystem.

Satoshi Protocol’s integration with blockchains such as BOB, BEVM, and Bitlayer reinforces its role as a pioneer in creating a stable, utility-driven asset on the Bitcoin ecosystem. Users can use Bitcoin as collateral to mint the native stablecoin satUSD, which provides a stable medium of exchange while enhancing Bitcoin's liquidity and utility within different scenarios. 

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About Satoshi Protocol

Satoshi Protocol is the first Bitcoin Finance Network powered by satUSD, a Bitcoin-backed stablecoin. It enables users to mint satUSD with BTC as collateral across the Bitcoin Mainnet, L1s/L2s. Through these integrations, Satoshi Protocol transforms Bitcoin from a store of value into a versatile, multi-use asset.

With satUSD, users can securely earn yield without selling their Bitcoin. It’s already integrated with lending, DEX, and payment solutions, aiming to unlock Bitcoin’s potential for broader adoption and diverse financial applications.

About Prosper

Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through bridging institutional-grade Bitcoin mining power on-chain, and aims to fully unlock the potential of Bitcoin through liquidity farming. For more information, visit prosper-fi.com or follow us on X (formerly Twitter).