eOracle Powers Satoshi Protocol, Bringing BTCfi Assets to the DApp

Mar 14, 2025
eOracle has officially partnered with Satoshi Protocol, bringing the largest and most secure oracle network to the first Bitcoin Finance Network issuing satUSD, the Bitcoin-backed stablecoin. This integration enables Satoshi Protocol to access verified BTCfi feeds through the largest oracle network, supporting a new wave of Bitcoin-backed applications.

Introduction to Satoshi Protocol

Satoshi Protocol is the BTCfi Network which issued satUSD, a Bitcoin-backed stablecoin. Users can mint satUSD with BTC as collateral across the Bitcoin Mainnet and various L1s/L2s. To ensure stability, the protocol requires users to maintain a minimum collateral ratio (MCR) of 110%.

The protocol is further secured by a Stability Pool where users deposit satUSD, which helps cover liquidations when collateral falls below required levels. Other borrowers in the system also act as backstops to ensure the protocol remains stable. satUSD offers a resilient and decentralized alternative by leveraging Bitcoin's strengths to minimize volatility and enhance its utility as both digital gold and a payment mechanism.

eOracle's Comprehensive Support for the Satoshi Protocol

eOracle's partnership with Satoshi Protocol brings unprecedented capabilities for accessing and utilizing verified BTCfi price feeds. eOracle now provides Satoshi Protocol with access to multiple BTCfi price feeds on the Hemi Network, including:

  • BTC/USD
  • WBTC/USD
  • pumpBTC/USD
  • M-BTC/USD
  • enzoBTC/USD
  • iBTC/USD
  • oBTC/USD
  • uBTC/USD
  • LBTC/USD
  • hemiBTC/USD

Additionally, eOracle now provides both standard & synthetic assets for the protocol's operations:

  • ETH/USD
  • USDC/USD
  • USDT/USD
  • rsETH/USD

The integration includes support for BTCB & WBTC markets on BNB Chain, further expanding Satoshi Protocol's growth and capabilities. You can find eOracle’s feed address for Hemi here - and eOracle’s other supported chains here.

The eOracle Stack: Rewriting the Oracle Landscape

Web3's ambition to revolutionize real-world industries has faced a significant bottleneck: getting reliable real-world data on-chain in a truly decentralized way. The eOracle Stack tackles this challenge by introducing a comprehensive oracle infrastructure platform that enables domain experts to build specialized Oracle Validated Services (OVS).

Rather than forcing every oracle provider to build and maintain their entire stack – from infrastructure to security, node networks, and data solutions – eOracle provides a modular foundation through three key components:

  1. eOracle Modular Operators leveraging EigenLayer's security
  2. Immutable Layer for transparent data processing
  3. Cryptographic Broadcaster for cross-chain data delivery

This separation of concerns allows domain experts to focus on their specific data quality and validation needs, whether in finance, climate, or legal data, while inheriting enterprise-grade security and reliability. Think of it as the Wikipedia of oracle development – instead of trying to write all content internally, it empowers specialists to contribute their expertise within a secure, standardized framework.

Resources for Builders & the Community

Join us in building the future of decentralized finance on Hemi Network, powered by eOracle's secure and reliable data feeds. Together, we're creating a more accessible, efficient and innovative DeFi ecosystem.

Developers interested in implementing eOracle can access our comprehensive documentation and support resources:

John Broadley