Satlayer is the universal security layer that maximizes the power of Bitcoin. By deploying as a set of smart contracts on Babylon, Satlayer enables BTC stakers to secure any type of dApp or protocol as a Bitcoin Validated Service (BVS).
How Does the Restaking Process Work?
Understanding the restaking process is simple with our step-by-step guide:
- Deposit BTC: Users begin by depositing Wrapped Bitcoin or Liquid Staked Bitcoin (Lombard, PumpBTC, SolvBTC, FBTC, WBTC, yBTC, PStake).
- Receive Receipt Token: After depositing, users receive a receipt token representing their deposit.
- Restake in Satlayer: The receipt token is then deposited into the Satlayer app, where users begin earning rewards.
- Earn Rewards: Users earn the underlying Liquid Staked Bitcoin rewards and additional rewards in the form of Satlayer Points.
