SatoshiVM launches SAVM token staking function to earn BTC rewards

On March 18th, SatoshiVM, a Bitcoin Layer2 project, announced that its token staking function is now online. Users can bridge any assets on Ethereum to SAVM and stake them to earn BTC rewards. The official statement indicates that in order to make the staking system more stable, the minimum staking period is set to 14 days. Cancelling the staking within the minimum period will result in a reduction of up to 20% of the original staked amount (linearly decreasing), as well as losing all accumulated BTC rewards.