Key Takeaways
- Satsuma is a decentralized finance protocol constructed on Citrea, Bitcoin’s first zero-knowledge rollup, designed to make yield accessible on Bitcoin by leveraging Citrea’s EVM-compatible layer for scalable, safe monetary purposes.
- It employs an s(3,3) mannequin, enabling customers to swap, stake, vote, and supply liquidity for tokens like cBTC, NUSD, and SUMA, incomes liquidity supplier charges and supporting Bitcoin-based DeFi actions like lending and buying and selling.
- On Citrea’s testnet, customers can work together with Satsuma by connecting wallets, swapping tokens, including liquidity to swimming pools (e.g., WCBTC/NUSD), and staking veSUMA, contributing to the ecosystem’s growth forward of Citrea’s mainnet launch.
Disclaimer: Crypto airdrops are promotional occasions the place tokens are distributed to current holders of a cryptocurrency or to people who meet sure standards. Whereas airdrops could be a solution to purchase tokens for gratis, additionally they contain dangers. There’s no assure that the airdropped tokens will enhance in worth, and there could also be related charges or necessities. Moreover, airdrops may be vulnerable to scams and phishing makes an attempt. All the time train warning and confirm the legitimacy of any airdrop alternative earlier than collaborating.
What Is Satsuma?
Satsuma is a DeFi protocol constructed on Citrea designed to make yield technology accessible on Bitcoin by leveraging its native liquidity layer.
Working as an s(3,3) protocol, Satsuma enhances Bitcoin’s utility by enabling customers to have interaction in DeFi actions like swapping, lending, and yield farming with cBTC, a Bitcoin-backed token on Citrea’s EVM-compatible surroundings, with out compromising Bitcoin’s safety or decentralization.
By integrating with Citrea’s Clementine Bridge, which makes use of BitVM for trust-minimized two-way pegging, Satsuma permits customers to lock BTC on Bitcoin’s primary chain and mint cBTC to be used in its ecosystem, supporting seamless liquidity provision and staking (e.g., changing SUMA to veSUMA for governance and rewards).
How To Take part In X Airdrop?
As a part of Citrea’s testnet, launched in September 2024, Satsuma encourages lively participation by duties like liquidity provision and token swaps, probably qualifying customers for future airdrops, all whereas contributing to a Bitcoin-backed DeFi ecosystem.
To affix:
👉 STEP 1: Head over to https://citrea.xyz/faucet, join your Web3 pockets, and request testnet tokens from the tap.
👉 STEP 2: Subsequent, head to https://www.satsuma.alternate/ and join your Web3 pockets.
👉 STEP 3: On the backside proper of your display, mint extra testnet tokens.
👉 STEP 4: Swap tokens within the Commerce tab.
👉 STEP 5: Select a vault and add liquidity within the Liquidity tab.
👉 STEP 6: Stake $veSUMA and take part within the voting on the Earn tab.
👉 STEP 7: Keep watch over official bulletins and hope for the perfect!
Remaining Ideas
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