gSat, TGE-ing soon? 👀 (see pic) So, I’ve been tracking restaking meta for a while now, from @eigenlayer rise to @symbioticfi alt-LST experiment. @satlayer might be the first Bitcoin-native protocol that’s doing it with actual economics behind it while having Franklin Templeton, Apollo onboard. Here’s my take👇 "What SatLayer Actually Is" Think of it as EigenLayer, but built for Bitcoin. SatLayer upgrades the economic primitives with real-world hooks: insurance, RWAs, stablecoins, and even AI infra. At its core, the 4 layer yield: • You restake BTC (via LSTs like Solv, Bedrock, Lorenzo, etc.) • That BTC is then deployed into Bitcoin Validated Services (BVSs) • These BVSs generate real yield via insurance premiums, RWA yield, offchain integrations, etc. • You earn from multiple layers: LST yield, BVS yield, L1 incentives, Sats2 points, etc. "Merging Economic Security <> Real World Assets" What stood out to me was their insurance use case, what they’re calling the “Bitcoin Berkshire Hathaway” model. 👇 • In TradFi, insurance giants like Berkshire, Allianz, etc. make their $ by collecting premiums and compounding the float. • SatLayer is replicating that with restaked BTC as the float. • Nexus Mutual + Relm + other TradFi/crypto insurers already involved. That means: • BTC holders can earn premium yield, not just staking rewards. • Protocols get BTC-backed slashing coverage. • LPs in RWAs get principal protection. TradFi insurance underwriting → onchain → BTC-powered. "Let’s talk about RWAs." • SatLayer is working with @plumenetwork (RWA L2) and @LayerZero_Core DVN to secure offchain credit vaults with BTC. • The model is: restaked BTC = principal backstop + instant liquidity buffer. • LPs opt into lower-yield but insured vaults. • Think of it like BTC-backed loan insurance. This is the one that’s drawing big institutional players: Franklin Templeton, Apollo, IMC, Laser Digital. Restaked BTC backs operator behavior in Cap’s yield-bearing stablecoin system. Borrowers (HFT funds, market makers) must be collateralized with BTC bonds, posted via SatLayer. That’s TradFi contractor bonding, turned onchain. We’re watching real-world economic primitives being recast through BTC’s lens. "Stats & Adoption So Far" As of July 21: • 3,447.71 BTC deposited (~$408M) • 405,658 restakers TLDR Take Deploy BTC to power insurance, stablecoins, RWAs, and infra. and earn yield like an institution. If EigenLayer turned Ethereum into economic security, SatLayer wants to make Bitcoin the ultimate settlement and underwriting asset. Yields backed by the most pristine collateral in history.