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SatLayer is a shared security protocol that lets users restake their Bitcoin or BTC liquid staking tokens (LSTs) to secure decentralized apps called Bitcoin Validated Services (BVS). Built on Babylon, it transforms Bitcoin into an active, yield-generating asset by enabling programmable staking rewards and unlocking new use cases beyond simple holding.
On August 22nd, 2024, the project announced a successful closure of its $8M Pre-Seed funding round led by Hack VC and Castle Island Ventures.