There are not many people chatting about the Satrayer @ Satlayer project in the Chinese section, and at least the financing is $8 million, including hack VC I have a look, satlayer @ satlayer is very popular in the Korean area, which is really an information cocoon room. At present, the number of South Korean yappers has reached more than 600, and the quality of projects that can be fomo by South Koreans is quite good At present, there are two ways to participate: deposit and yapper. Deposit link: https://app.satlayer.xyz/?af=b82f52a8 -7e17-4681-b59c-e2235dacc757 Recently, Satrayer @ satlayer released a Litepaper, which mainly includes its underlying business logic and BVS development: SatLayer inherits the security of Bitcoin through Babylon and provides a platform to re collateralize tokenized BTC to protect off chain services called Bitcoin Verification Services (BVS), thereby converting idle BTC into productivity Its main business logic is divided into four parts: ①operator create and curate insurance policie ②restaker deposite bitcoin collateral ③BVS vault receive insurance and send insurance premiums ④client buy insurance policy and receive insurance coverage Similar to EigenLayer providing "re staking security" in Ethereum, BVS provides a verification foundation for DA, settlement, sorting, oracle, cross chain bridge, and other aspects of Bitcoin's modular architecture. The BVS service proposed by satlayer @ satlayer makes Bitcoin not only a "digital gold", but also a part of the broader Web3 infrastructure, allowing Bitcoin to enter the modular Web3 world