What is SatLayer?

Source: https://satlayer.foundation/

SatLayer is an economic layer protocol built on Bitcoin, focused on transforming Bitcoin from simply a store of value into a programmable, productive asset. Leveraging several innovative mechanisms, SatLayer enables Bitcoin to participate in a broad spectrum of use cases, including decentralized finance (DeFi), real-world assets (RWAs), stablecoins, and traditional finance (TradFi).

How Does SatLayer Enhance Bitcoin’s Value?

The SatLayer protocol allows users to earn yields through diverse strategies, such as BTC staking, Bitcoin-derived liquid staking tokens (LSTs), Layer 1 and Layer 2 ecosystem rewards, and SLAY token incentives. Notably, SatLayer introduces the concept of BVS (Bitcoin Validated Services), which applies Bitcoin’s robust security to sectors like insurance, stablecoins, and AI infrastructure, further unlocking Bitcoin’s economic potential.

SLAY Token Distribution and Functions

Source: https://satlayer.foundation/blogs/slay-reveal

SLAY is the core token of the SatLayer ecosystem, issued as an ERC-20 token, with a maximum supply of 2.1 billion tokens. The distribution allocates 10% to the community, 45% to ecosystem development, 10% to the foundation, 15% to early supporters, and 20% to contributors. SLAY incentivizes staking and ecosystem participation. It will gradually confer governance rights, empowering holders to engage in protocol decisions and support decentralized growth.

Core Advantages of SatLayer

• Multiple yield opportunities: Users can earn up to six types of rewards by staking BTC and participating in BVS services.
• Enhanced Bitcoin economic security: The dual-collateral model using both SLAY and BTC staking safeguards BVS operations.
• Broad ecosystem collaborations: SatLayer partners with a range of Layer 1 blockchains and DeFi projects, enhancing the protocol’s utility and value proposition.
• Community-driven governance: SLAY holders can participate in protocol governance and drive protocol autonomy as the ecosystem evolves.

Future Outlook and Summary

SatLayer takes a pivotal step to advance Bitcoin as a programmable asset, aiming to position Bitcoin as the foundational cornerstone of the evolving financial system. As the SLAY ecosystem continues to develop, SatLayer will further boost Bitcoin’s liquidity and economic security, fostering deeper integration between Bitcoin, global DeFi, and traditional finance.

On August 11, 2025, at 19:00 (UTC+8), Gate will launch spot trading for SatLayer (SLAY).