SatLayer
Founded 2024 · 9 employees on LinkedIn · 3 known investors
SatLayer is a Bitcoin restaking protocol that lets holders deposit Bitcoin or liquid staking tokens into vaults to earn rewards and provide shared security for Bitcoin Validated Services (BVSs). It offers infrastructure for developers, operators, and protocols to build and secure onchain applications backed by Bitcoin, targeting DeFi, real-world assets, and institutions.
Also known as SatLayer
Founders & leadership
SatLayer was founded in 2024 by Luke Xie.
Investors · 3
Company profile
researched Aug 2026SatLayer describes itself as the economic layer for Bitcoin, aimed at making the asset programmable and usable as shared security for onchain applications. In its currently live phase, users deposit Bitcoin or liquid staking tokens (LSTs) into SatLayer vaults on Babylon Genesis to earn rewards. The protocol's stated purpose is to unlock new onchain primitives built on Bitcoin security, ranging from insurance to liquidity float.
The protocol is organized around Bitcoin Validated Services (BVSs) — external services and protocols that are validated and secured by restaked Bitcoin — together with a network of operators that support projects in launching, scaling and securing applications. A published roadmap describes three phases: Phase I (live) covering vault deposits by early adopters; Phase II (coming soon), in which operators and services join to leverage shared Bitcoin security and validate their services with restaked Bitcoin; and a further Phase III. Developer and operator onboarding is handled through application forms, alongside public documentation and a GitHub presence.
Business model
SatLayer operates as onchain infrastructure: Bitcoin and LST holders deposit into protocol vaults, and that restaked collateral is used to provide shared security to Bitcoin Validated Services. The company states that the projects it works with generate revenue daily on BVSs, which it presents as the source of the yield distributed to depositors.
Traction
SatLayer's website reports $200M in total value locked and lists an ecosystem of integrated chains and protocols including Babylon, Sui, Berachain, BNB Chain, Bitlayer, TAC, BOB, Avail, Bedrock, Bima, BirdLayer and CAP.
Latest developments
Phase I of the roadmap is live, with Bitcoin and LST deposits into SatLayer vaults on Babylon Genesis; Phase II, which opens the network to operators and services validating with restaked Bitcoin, and Phase III are announced as coming soon.
▸Full profile — market position, technology, go-to-market
Market position
SatLayer positions itself within the Bitcoin restaking and shared-security category, working alongside Bitcoin staking infrastructure such as Babylon and liquid restaking protocols, and marketing itself as the coordination layer through which restaked BTC secures third-party services.
The protocol's stated differentiators are the use of Bitcoin itself as the security asset for a broad set of validated services, a roadmap extending from depositor vaults to operator- and service-level validation, and yield sourced from BVS projects that it says generate revenue daily.
Technology
The protocol runs vaults deployed on Babylon Genesis that accept Bitcoin and liquid staking tokens, with a coordination layer that connects restaked Bitcoin to operators and to Bitcoin Validated Services such as data availability layers, stablecoin protocols and bridging platforms. SatLayer's site lists security reviews by Asymptotic, Coinspect, Dedaub, Salus and Zellic.
Go-to-market
Bitcoin and LST holders seeking rewards on deposited assets; node operators; and developers, Layer 1/Layer 2 chains and protocols that want to secure services with restaked Bitcoin. The company frames its addressable use cases as DeFi, real-world assets and institutional applications.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 2
by search overlap
Companies competing with SatLayer for the same Google search keywords, organic and paid, via search-intersection analysis.
▸Research sources · 1
primary sources listed
- SatLayersatlayer.xyz · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does SatLayer do?
- SatLayer is a Bitcoin restaking protocol positioning itself as an economic layer that makes BTC programmable.
- Who founded SatLayer?
- SatLayer was founded by Luke Xie in 2024.
- Who are SatLayer's investors?
- SatLayer's investors include Bloccelerate VC, Hack VC, Asymmetric.