SatLayer

Unclaimed

By Mithril Global Ltd.

SatLayer is a Bitcoin restaking platform where users deposit BTC and Bitcoin liquid-staking tokens into vaults, and the staked assets are delegated to node operators that validate third-party services called Bitcoin Validated Services (BVS).

What it does
  • SatLayer is a Bitcoin restaking platform where users deposit BTC and Bitcoin liquid-staking tokens into vaults, and the staked assets are delegated to node operators that validate third-party services called Bitcoin Validated Services (BVS).
More detail
  • Restakers earn rewards defined per service in exchange for slashing risk, while developers use staked BTC to bootstrap cryptoeconomic security for new protocols.
Best for
  • Bitcoin holders seeking a yield route on BTC or Bitcoin LSTs without selling, and BVS developers or node operators who want to launch services backed by restaked Bitcoin security.
Pricing
  • No subscription or published platform fee.
More detail
  • SatLayer earns through the protocol's fee and reward structure rather than a rate card
  • restaker payouts are set per BVS by its developers, and the exact SatLayer spread is undisclosed.
  • Deposits carry slashing risk, and full slashing is not enabled until Ph
Main limitation
  • Users unwilling to accept slashing risk on deposited assets, or developers and operators expecting to onboard today, since operator and service onboarding phases are not yet live.
Record
Living and monitored
Reviewed
Evidence
Public web research

About

  • SatLayer is a Bitcoin restaking platform where users deposit BTC and Bitcoin liquid-staking tokens into vaults, and the staked assets are delegated to node operators that validate third-party services called Bitcoin Validated Services (BVS).
  • Restakers earn rewards defined per service in exchange for slashing risk, while developers use staked BTC to bootstrap cryptoeconomic security for new protocols.

Capabilities

A practical view of what is available and where limitations apply.

OfferingAvailableDetail
Bitcoin restaking via vaults YesDeposit Bitcoin or LSTs into SatLayer vaults on Babylon Genesis to earn rewards.
Delegation to node operators with slashing risk YesRestaked assets are delegated to operators and face slashing if an operator behaves maliciously.
Programmable on-chain slashing conditions YesBVS-defined slashing; slashed assets can be redirected by vault restakers or burned.
BVS launch framework, SDK and contracts YesDeveloper tooling for launching Bitcoin Validated Services.
Full slashing enabled LimitedFull slashing will not be enabled until Phase III, which is marked coming soon.
Operator and service onboarding LimitedPhase II and Phase III are marked coming soon; only Phase I deposits are live.
EVM and Sui restaking in-app YesLiquid staking of BABY produces cBABY.
Reward points (Sats²) YesAwarded for restaking, referrals, and longer or earlier deposits on supported assets and chains.
Published subscription price NoSatLayer publishes no subscription or platform fee; economics are fee and reward based, with exact spreads undisclosed.
Audited contracts YesAudits by Asymptotic, Coinspect, Dedaub, Salus and Zellic; deposit contract audited by Zellic and Salus with no significant issues found.

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Evidence

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Verification
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  • The owner has not manually confirmed every field.
Last reviewed
Primary source
satlayer.xyz
Technical profile details
Record ID24963bac-bbfb-4873-b5fc-843cc4f64b00Canonical URLhttps://profiles.scribble.network/listing/satlayer-24963bac