Sats Terminal is a Bitcoin liquidity aggregation protocol and the best execution stack for Bitcoin token swaps, loans, and yield.

Our Story

Bitcoin’s token landscape was messy: 5+ token standards, 15+ L1/L2 DEXs, clunky UX, and liquidity scattered everywhere. New users were lost; power users left money on the table.

We fixed this with our aggregated swap. that smart-routes across DEXes, consistently increasing trade output by 8-158% for the same amount of input BTC.

In under 6 months, we achieved strong product-market fit:

• 3 of 4 all Runes transactions are coming through our frontend and infrastructure.
• Magic Eden and Xverse power Runes trading with our SDK.
• All top Runes communities embedded our swap widget to their websites.
• Multiple other popular apps and frontends use our technology to enable Bitcoin token swaps for their users (Liquidium, Asigna, SatGo, Tokeo, and more).
• All these integrations resulted in $20,000,000 in swap volume, over 22,000 BTC L1 transactions, and 2.9 BTC generated in revenue, and this is just the beginning.

We are the only player to have integrated key protocols and L2s on Bitcoin, and the only company that is well-positioned to support everything that comes in the future.

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22,000 BTC L1 transactions are roughly 6 full Bitcoin blocks, which is an estimated $2 million in miner revenue, directly through the transactions created by our swap UI and SDK.

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In the process, we secured backing from some of the best investors in Web3: Coinbase Ventures, Draper Associates, along with angels from Pantera Capital, Phantom Wallet, Moonpay, and others.

Our Next Frontier

After dominating the emerging Bitcoin L1 token market, we are expanding to solve Bitcoin-backed loans.

Bitcoin-backed loans already represent an $8 billion market as of 2024, projected to grow to more than 5x to $45 billion in the next 5 years. That further growth will only accelerate as Bitcoin cements its role as the leading store-of-value asset class. Similar to Gold, we expect a thriving credit market to be built on top of this digital asset.

However, as a Bitcoin holder, using your BTC as collateral for a loan is far from simple. The landscape is fragmented, and the experience of getting a loan is cumbersome: 50+ different networks, 250+ protocols.

Before you can borrow, you’re forced to bridge and wrap your Bitcoin into another asset like WBTC or cbBTC. From there, navigating the loan process is a mess: no single place to see rates across markets and no unified way to collateralize BTC and repay your loan.

The result is a confusing, risky, and inefficient system - one that keeps mainstream BTC holders out of the market and also prevents wallets, major frontends, and dApps from integrating Bitcoin loans into their products, slowing the growth of Bitcoin credit infrastructure.

We built the first Bitcoin loan aggregator that automatically finds the best loan market for your BTC. Our algorithm compares live rates across all major lending protocols and routes your collateral where you can borrow at the lowest cost, without taking custody of user funds.

Other cool quirks:

• To minimize counterparty and protocol risk, we automatically splits collateral across multiple pools and chains, ensuring no single protocol holds all user exposure.
• Its a single click for the user, the system automatically wraps, bridges, and splits your BTC to achieve the most efficient collateral distribution.