‘OSHI!’: The Satoshi Protocol x RunesTerminal Collab

In Japanese, ‘Oshi’ means I like and I support, and we at RunesTerminal very much like and support Satoshi Protocol ($OSHI) — an universal stablecoin collateralized by Bitcoin that looks set to unleash a cascade of liquidity through the wider crypto ecosystem. It lets Bitcoin holders leverage their $BTC holdings without sacrificing their underlying asset, instead receiving liquid $SAT from the protocol which can be deployed within the BTCfi ecosystem and beyond.

The first Bitcoin backed stablecoin, $SAT will be a core infrastructure for the Bitcoin ecosystem that helps expand the network far beyond its original use-case. Users can deposit BTC as collateral and borrow SAT on the Bitcoin Layer2 they launched on BEVM, to be expanded to other Bitcoin Layer 2 in the near future. The $SAT, backed by Bitcoin deposits from users, is then free to engage in yield-bearing DeFi activities otherwise impossible for Bitcoin holders.

We get it, no one wants to sell their Bitcoin. Using Satoshi Protocol’s $SAT, you don’t have to. Via $OSHI, the governance token with strong utility, stakers can share 100% of protocol revenue generated from the one-time minting fee, borrowing interest fee, redemption and liquidation fees.

$SATs will also be bridged to the Bitcoin mainnet in the form of Runes, and that’s where RunesTerminal is delighted to lend a hand. We’ve forged a deep strategic partnership with Satoshi Protocol to help expand the frontiers of Bitcoin at this critical moment where both the underlying technology behind crypto and the market interest is advancing.

We share a vision that Bitcoin can reach far beyond its original premise of ‘peer-to-peer cash’ and into a peer-to-peer global financial system.

The advent of Runes has led to native layer-1 DeFi on the mainnet itself. RunesTerminal is currently building the infrastructure to make runic satoshis another powerful liquidity instrument for crypto, sparking utility and innovation in applications that further generate wealth for everyone in the community, digging out yet more treasures from the worlds venerable and most important blockchain. Our partnership with Satoshi Protocol, who shares our goals, helps us both build better Bitcoin.

This is the start of Bitcoin’s true potential, with the accompanying infrastructure technology finally here to make Bitcoin true potential explode. In a world with unreliable fiat, rampant inflation, and shady reserves, having a stablecoin backed by Bitcoin and a lending mechanism for it is essential.