Key Takeaways
- Satsuma is a decentralized finance protocol built on Citrea, Bitcoin’s first zero-knowledge rollup, designed to make yield accessible on Bitcoin by leveraging Citrea’s EVM-compatible layer for scalable, secure financial applications.
- It employs an s(3,3) model, enabling users to swap, stake, vote, and provide liquidity for tokens like cBTC, NUSD, and SUMA, earning liquidity provider fees and supporting Bitcoin-based DeFi activities like lending and trading.
- On Citrea’s testnet, users can interact with Satsuma by connecting wallets, swapping tokens, adding liquidity to pools (e.g., WCBTC/NUSD), and staking veSUMA, contributing to the ecosystem’s development ahead of Citrea’s mainnet launch.
Disclaimer: Crypto airdrops are promotional events where tokens are distributed to existing holders of a cryptocurrency or to individuals who meet certain criteria. While airdrops can be a way to acquire tokens at no cost, they also involve risks. There’s no guarantee that the airdropped tokens will increase in value, and there may be associated fees or requirements. Additionally, airdrops can be susceptible to scams and phishing attempts. Always exercise caution and verify the legitimacy of any airdrop opportunity before participating.
What Is Satsuma?
Satsuma is a DeFi protocol built on Citrea designed to make yield generation accessible on Bitcoin by leveraging its native liquidity layer.
Operating as an s(3,3) protocol, Satsuma enhances Bitcoin’s utility by enabling users to engage in DeFi activities like swapping, lending, and yield farming with cBTC, a Bitcoin-backed token on Citrea’s EVM-compatible environment, without compromising Bitcoin’s security or decentralization.
By integrating with Citrea’s Clementine Bridge, which uses BitVM for trust-minimized two-way pegging, Satsuma allows users to lock BTC on Bitcoin’s main chain and mint cBTC for use in its ecosystem, supporting seamless liquidity provision and staking (e.g., converting SUMA to veSUMA for governance and rewards).
How To Participate In X Airdrop?
As part of Citrea’s testnet, launched in September 2024, Satsuma encourages active participation through tasks like liquidity provision and token swaps, potentially qualifying users for future airdrops, all while contributing to a Bitcoin-backed DeFi ecosystem.
To join:
👉 STEP 1: Head over to https://citrea.xyz/faucet, connect your Web3 wallet, and request testnet tokens from the faucet.
👉 STEP 2: Next, head to https://www.satsuma.exchange/ and connect your Web3 wallet.
👉 STEP 3: At the bottom right of your screen, mint additional testnet tokens.
👉 STEP 4: Swap tokens in the Trade tab.
👉 STEP 5: Choose a vault and add liquidity in the Liquidity tab.
👉 STEP 6: Stake $veSUMA and participate in the voting at the Earn tab.
👉 STEP 7: Keep an eye on official announcements and hope for the best!
Final Thoughts
That’s about it for this airdrop guide! For more potential airdrops like this one, visit our Airdrops page, where we cover only the most legit airdrops happening in the crypto space!
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