Yesterday I wrote about the Bitcoin liquidity staking protocol 'Lombard', today I need to add the Bitcoin re-staking protocol 'SatLayer', completing the BTC LST+LRT dual airdrop strategy.
SatLayer is easy to operate, and it just happened to launch a TGE pre-warm-up activity on the exchange, so the airdrop timing may not be too far away, it's worth a try!
SatLayer
SatLayer TVL is nearly 300 million USD, with a total staking amount of about 2721 BTC.
From the data, SatLayer, Bedrock, and Solv are the top-ranked pure Bitcoin re-staking protocols, with only SatLayer yet to issue tokens.
Funding background: Led by Hack VC and Castle Island, with participation from Franklin Templeton, Amber Group, Mirana, and other institutions, raising 8 million USD in the Pre-Seed round.
Audit report: The Ethereum chain is audited by well-known auditing firms Zellic and Salus, while other products and blockchains are audited by different institutions.
Team background: The two co-founders 'Luke Xie' and 'Aurn' have revealed extensive experience in investment institutions and may possess strong business collaboration capabilities.
Participation method: Stake Bitcoin liquidity tokens (LST) to earn airdrop points 'Sats²'.
Airdrop points
In addition to staking LST, don't forget to complete the two social tasks on the SatLayer Dashboard (each worth 1000 points), and binding the invitation code can also earn you 1000 points (invitation link placed at the top comment).
Token name: $SLAY
Points name: Sats²
Points acquisition: 1 BTC per day = 21000 Sats²
Yapper program: Allocates 0.75% of tokens, of which 0.5% goes to Kaito Yappers
Staking process
Enter the SatLayer dApp, stake BTC LST in 'Restake', and stake Babylon in 'Cube' $BABY .
Supported blockchains: BOB, TAC, Ethereum, Berachain, BNB chain, Bitlayer.
Supported tokens: LBTC, uniBTC, xSolvBTC, stBTC, PumpBTC, WBTC, FBTC, SolvBTC.BERA, waBTC, SBTC, BTCB.
Staking steps: Select staking assets, click 'Deposit', complete 'Approve', complete 'Deposit'.
Additional notes
Taking LBTC as an example, after staking the asset, you will receive satLBTC, which can be freely transferred to different wallets.
Currently, staking BABY on Cube can earn 18.7% APY, but un-staking takes about 60 hours.
Summary
First stake Bitcoin on Lombard, then stake LBTC on SatLayer, and you can complete the dual airdrop operation, with airdrop point multipliers being SatLayer 1.5x + Babylon 1x + Lombard 1x + FBTC 2x (FBTC must be used to stake on Lombard).
Although it is not the highest point multiplier of SatLayer and Lombard, considering liquidity and ease of use, it is still recommended to participate purely on Ethereum. (Over 50% of TVL in SatLayer is on Ethereum, while LBTC is 20%)
If you have Bitcoin liquidity tokens, you might consider staking them on SatLayer for airdrop expectations.
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※ Lombard 10x boost code:
t0gkk4
10% Lux points acceleration link placed at the top comment
※ SatLayer binding link placed at the top comment, binding can earn 1000 points
※ The above content does not constitute investment advice; users should operate according to their own risk tolerance, DYOR and participate in the investment market with caution.
※ Attached images taken from SatLayer, Rootdata