Satsterminal
16 employees on LinkedIn Β· 11 known investors
Sats Terminal operates a non-custodial marketplace for bitcoin-backed loans, routing users to the lowest-rate lender and bundling deposit and borrow into a single on-chain transaction so borrowers receive USDC while keeping custody of their BTC. It serves bitcoin holders who want liquidity without selling their assets, with no KYC, credit checks, or fixed terms.
Also known as Sats Terminal Β· Sats.Terminal Β· SatsTerminal
Founders & leadership
Investors Β· 11
Also in the syndicate Β· 8
Company profile
researched Aug 2026Sats Terminal is a Bitcoin decentralized finance aggregation protocol that combines trading, borrowing and yield products in a single interface. Its Trade product routes swaps of Bitcoin L1 and L2 assets across available liquidity sources to seek the best price; its Borrow product is a cross-chain loans aggregator that compares offers from multiple lenders and routes the user to the option with the best terms, letting holders borrow stablecoins against BTC collateral; its Earn product offers yield on BTC and stablecoins through native and partner vaults.
The consumer-facing loan flow is presented as non-custodial and without KYC, paperwork or credit checks: the user connects a wallet, specifies a USDC amount and loan-to-value, and signs one transaction that bundles routing, collateral deposit and borrowing, with USDC delivered to the wallet. The company states collateral remains in a verifiable contract rather than in company custody and is released on repayment, and that loans have no fixed terms or prepayment fees. Positions can be monitored in real time, topped up with additional BTC, partially repaid or closed at any time.
For developers, Sats Terminal publishes a modular SDK: an all-in-one satsterminal-sdk suite package plus separate @satsterminal-sdk/swaps, /borrow and /bridge packages. The borrow SDK supports chains including Base and Arbitrum, and the bridge package covers moving BTC Runes to Spark wRunes and back as well as USDC to USDB on Spark.
Founding story
The company was founded by Stanislav (Stan) Havryliuk, CEO, and Rishabh Java, CTO, motivated by the view that Bitcoin-native DeFi β spanning lending, staking, bridging and swaps β was rich in opportunity but fragmented, technically complex and inaccessible to everyday users; the founders framed the goal as making Bitcoin usable directly on mainnet and keeping the network decentralized, secure and miner-profitable.
Business model
Sats Terminal operates as an aggregation and routing layer rather than a balance-sheet lender or custodian: it connects users to third-party lending markets, liquidity sources and partner vaults, and distributes its functionality both through its own app and through embedded widgets and integrations on partner sites. Sources describe the integration model as benefiting partner protocols by driving users and liquidity volume, but do not state how the company charges or monetizes.
Traction
By April 2025 the company reported a live DEX aggregator, widget integrations with Runes projects $DOG and $BILLY, and deployment on partner surfaces including Liquidium, Xverse and Runes.com. Its site advertises access to about $10B in available lending liquidity and a best-available borrowing rate of 4.21% APY, and carries testimonials from individuals identified with Binance, Nascent, YZi Labs, Phantom and Rift.trade. Published metrics on users, loan volume or revenue are not disclosed in the available sources.
Latest developments
The most recent developments in the sources are the April 2025 pre-seed financing and the launch of the non-custodial Bitcoin-backed loan marketplace featured on the company site, alongside a modular developer SDK covering swaps, borrow and bridge (including Spark wRunes and USDC-to-USDB bridging).
βΈFull profile β market position, technology, go-to-market, geography, history, risks & controversies
Market position
The company positions itself against fragmentation in Bitcoin DeFi, aggregating staking, swaps, borrowing and bridging that would otherwise require multiple platforms, and contrasts its non-custodial, no-KYC loan flow with custodial CeFi lending platforms. Its site describes it as the first non-custodial marketplace for Bitcoin-backed loans (a claim quoted from investor Tim Draper) and cites access to roughly $10B in available lending liquidity.
Stated differentiators are non-custodial collateral held in a user-verifiable contract, no KYC or credit checks, real-time rate comparison across major Bitcoin-backed lenders with transparent pre-confirmation quotes (net APR, LTV, liquidation price), single-signature execution bundling routing, deposit and borrow, funding in under 30 minutes, and no fixed terms or prepayment fees.
Technology
The platform aggregates and routes across Bitcoin DeFi protocols and lending markets. Swap routing spans Bitcoin L1 and L2 assets across multiple liquidity sources; the borrow product is a cross-chain loans aggregator that monitors lender rates in real time and bundles routing, deposit and borrow into one on-chain transaction. A modular TypeScript SDK exposes swaps, borrow (with chain types including Base and Arbitrum) and bridge functions, the latter supporting BTC Runes to Spark wRunes transfers and USDC to USDB on Spark. The company has stated plans for enhanced order-splitting algorithms and auto-compounding yields.
Go-to-market
Distribution combines a direct consumer web app (app.satsterminal.com) with embedded widgets on partner projects and third-party platforms, plus a developer SDK for programmatic access to swaps, borrowing and bridging. As of April 2025 the company reported widget integrations with Runes projects including $DOG and $BILLY and live presence on Liquidium, Xverse and Runes.com, among other partner websites and apps. It also participates in ecosystem programs such as the BitcoinFi Accelerator and maintains public channels on X and Discord.
Bitcoin holders seeking liquidity without selling BTC, ranging from newcomers to Bitcoin-native DeFi users, plus developers and partner protocols that embed Sats Terminal's swap, borrow and bridge functionality.
Geography
The April 2025 funding announcement was datelined San Francisco. No further location detail is disclosed in the sources.
History
Sats Terminal was selected for the inaugural cohort of the BitcoinFi Accelerator (backed by Thesis*, Draper VC and Boost VC), announced November 7, 2024, at which point it described a platform combining DEX aggregation, bridging and staking with auto-compounding rewards. On April 8, 2025 it announced a $1.7 million pre-seed round led by Coinbase Ventures and Draper Associates to expand its aggregation infrastructure. Product documentation, last updated roughly eight months before retrieval, describes three product lines (Trade, Borrow, Earn), and the current site foregrounds the non-custodial Bitcoin-backed loan marketplace.
Risks & controversies
The company's own site raises the question of whether the protocol is audited without a stated answer in the retrieved text, and notes liquidation risk if Bitcoin's price falls. Headline figures on the site ($10B liquidity, 4.21% APY, 30-minute funding) are self-reported and unverified, and the primary funding coverage is a company-submitted press release carrying a publisher disclaimer that its accuracy is not verified. Several site testimonials are attributed to individuals who also appear as investors, and the no-KYC positioning may carry regulatory exposure not addressed in the sources.
Compiled by commissioned research from 8 cited public sources β 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 β not independently audited.
Timeline Β· 4
launches, deals, and filingsSats Terminal announced a $1.7 million pre-seed round to expand its Bitcoin DeFi aggregation protocol covering DEX, bridge and yield aggregation, with plans for more partner integrations, enhanced order-splitting algorithms and auto-compounding yields.
$1.7M source β
The company reported live widget integrations with Runes projects $DOG and $BILLY and deployment on Liquidium, Xverse, Runes.com and other partner websites and apps.
Sats Terminal launched a non-custodial marketplace for Bitcoin-backed loans offering real-time transparent quotes and no KYC, as described on the company site and in a quoted statement from Tim Draper.
Sats Terminal was chosen for the first batch of the BitcoinFi Accelerator, backed by Thesis*, Draper VC and Boost VC, to advance its Bitcoin staking, trading and bridging platform.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
βΈResearch sources Β· 8
primary sources listed
- Satsterminalsatsterminal.com Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Satsterminal do?
- Sats Terminal is a Bitcoin DeFi aggregator for non-custodial BTC-backed stablecoin loans, swaps and yield.
- Who founded Satsterminal?
- Satsterminal was founded by Stanislav Havryliuk.
- Who are Satsterminal's investors?
- Satsterminal's investors include Coinbase Ventures, Draper Associates, Draper Dragon.