SatLayer develops a BTC re-staking platform that leverages the Babylon staking protocol to allow users to earn rewards on their BTC. The platform enables BTC to secure Bitcoin Validated Services (BVS), allowing a full range of dApps and infrastructure to act as BVSes. This expands the Babylon ecosystem and its capabilities by increasing opportunities for Bitcoin to secure broader infrastructure. SatLayer positions idle Bitcoin holders to both increase demand for blockspace and earn additional rewards. The company raised $8M in pre-seed funding to advance its product. It plans to use the funds to bring its product to the Bitcoin market.

Total raised

$8M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2024