SatLayer Foundation Reveals SLAY
Jul 30, 2025
The SatLayer Protocol is the economic layer for Bitcoin: Transforming BTC from sitting idle into a productive and programmable asset for DeFi, RWA, stablecoins and even TradFi.
SatLayer enables users to soon earn 6 or more sets of yield from:
BTC staking
BTC LST
L1/L2 ecosystem rewards
$SLAY rewards
BVS use cases
Downstream DeFi integrations
As the leader in Bitcoin restaking, SatLayer boosts Bitcoin’s utilization as the best collateral and pushes the boundaries of economic security, with BVS (“Bitcoin Validated Services”) use cases that deliver real yield, including BTC-backed/secured insurance, RWA, stablecoins, AI infrastructure, and more.
The success of the SatLayer Protocol thus far is reflected in its metrics, recently hitting highs across:
BVS ecosystem partnerships with leading L1s, applications, and protocols
TVL
Unique users
Transactions
Introducing SLAY: The Ecosystem Token of the SatLayer Protocol
Ticker | SLAY |
Token Standard | ERC-20 (Ethereum Mainnet) |
Token Decimals | 6 |
Maximum Supply | 2,100,000,000 SLAY |
Initial Circulating Supply | 21.0% |


Community (10%)
10% of SLAY will be distributed to the incredible SatLayer Community - through our flagship SatLayer SlayDrop campaign plus other TGE-related activities.
Ecosystem (45%)
45% of SLAY will be reserved for the SatLayer Ecosystem, which will comprise primarily of:
Ecosystem Incentives: BTC stakers can opt-in to provide crypto-economic security to BVSs on the SatLayer Protocol, and in doing so - earn rewards from the SatLayer Protocol in the form of SLAY, and additional rewards from participating BVSs.
Ecosystem Investments: Reserved for future investments in ecosystem teams building on top of the SatLayer Protocol. Any ecosystem investments will be subject to the approval of an Investment Committee comprising of members from both SatLayer Labs and SatLayer Foundation.
Ecosystem Grants: Reserved for ecosystem grants in ecosystem teams building on top of the SatLayer Protocol. Ecosystem grants are selectively awarded to teams on a case-by-case basis, and are typically distributed based on the completion of certain milestones.
Foundation (10%)
10% of SLAY will be reserved for the SatLayer Foundation - a non-profit Foundation committed to the research, development, and marketing of the SatLayer Protocol.
Early Backers (15%)
15% of SLAY will be reserved for Early Backers of the SatLayer Protocol - who have provided financial and strategic support to the SatLayer Protocol.
Early Contributors (20%)
20% of SLAY will be reserved for Early Contributors of the SatLayer Protocol - who have helped to build the SatLayer Protocol across Product, Engineering, Business Development & Ecosystem, Marketing, and Strategy functions.
Token Utility
SLAY is the ecosystem token of the SatLayer Protocol, and will be an integral part of the long-term success of the Protocol. SLAY will have the following utility, with more expected to be added in the future.
Governance & Decentralization
Over time, the SatLayer community will play a critical role in the governance and decentralization of the SatLayer Protocol. Holders of SLAY may be able to create and vote on governance proposals that affect incentive parameters, use of treasury, and funding of new ecosystem projects building on top of the SatLayer Protocol.
Value Accrual
A portion of SatLayer’s protocol fees generated will be sent to the SatLayer Foundation Treasury, of which SLAY holders will be able to vote on how the Treasury may be used in the future. This results in value accrual to SLAY over time as the SatLayer Foundation Treasury grows.
Staking of BTC & SLAY to Secure BVSs
BTC stakers can opt-in to provide crypto-economic security to BVSs on the SatLayer Protocol, and in doing so - earn rewards from the SatLayer Protocol in the form of SLAY, and additional rewards from participating BVSs.
The staking yield in the SatLayer Protocol comes from the use of staked BTC and SLAY to perform useful work for BVSs, which pay fees to stakers in exchange for this work. SatLayer will impose a minimum amount of SLAY to be staked by these BTC stakers before they can opt-in to secure a BVS.
Slashing
A staker may be slashed of their BTC and/or SLAY staking collateral if their delegated operator does not act according to the required standards of the BVSs it has decided to crypto-economically secure. Each BVS can specify its own slashing mechanism. These slashing mechanisms seek to incentivize honest and useful behaviour from operators.
For more information on the SatLayer Protocol, visit our Whitepaper here.
Conclusion
The SatLayer Protocol introduces the new economy, built on Bitcoin. SatLayer represents the evolution of Bitcoin’s move toward becoming fully programmable - transforming Bitcoin into the global reserve asset for the new, non-USD financial system that crypto has been building. SLAY sits at the centre of the SatLayer Protocol, enabling the Protocol to achieve its long-term objectives of boosting Bitcoin’s liquidity efficiency and pushing the boundaries of economic security.
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