What Products Does Sats Terminal Offer?

What Products Does Sats Terminal Offer?

Sats Terminal offers three core products — Trade, Borrow, and Earn — that together cover the primary financial activities Bitcoin holders need. Each product can be used independently, but they are also designed to work together as a unified decentralized finance platform for BTC.

This guide provides a detailed breakdown of each product, explains who it is for, and shows how the three products can be combined for more advanced strategies.

Trade: Swap Bitcoin Assets Across DEXes

What Trade Does

Trade is Sats Terminal's Bitcoin-native aggregation protocol — the first of its kind — built for decentralized exchange aggregation of Runes swaps. It routes your Runes trade across multiple Bitcoin DEXes and DeFi platforms to get you the best deal every time.

The aggregation engine scans Trade's supported Bitcoin DEXes and DeFi platforms, compares prices and liquidity, and routes your Runes swap through the optimal path.

Who Trade Is For

• Runes holders and traders who want the best deal on their Runes swaps without manually checking multiple Bitcoin DEXes
• Active traders who need the best execution prices and want automated routing across Trade's supported venues
• Developers who want to integrate Runes swap functionality into their applications using the JavaScript SDK, REST API, or Sats Terminal Embed widget

Key Trade Features

• Smart routing across multiple Bitcoin DEXes and DeFi platforms
• Bitcoin-native aggregation for Runes swaps
• Best-deal routing across Trade's supported venues
• Three integration surfaces: JavaScript SDK, REST API, and Sats Terminal Embed (URL widget)

For a deep dive into how Trade works, see What Is Trade on Sats Terminal?.

Trade runs on its own app at app.satsterminal.com — a separate domain from Borrow and Earn. Full integration details for the SDK, REST API, and Sats Terminal Embed are documented at docs.satsterminal.com/trade.

Borrow: BTC-Backed Stablecoin Lending

What Borrow Does

Borrow is a lending aggregator that lets you take out stablecoin loans using your Bitcoin as collateral. It compares rates and terms across multiple lending protocols — including Aave v3, Morpho Blue, and select CeFi lenders — so you can find the best loan for your situation.

The process is straightforward: you deposit Bitcoin (or a wrapped variant) as collateral, and you receive stablecoins in return. Your BTC remains locked in a smart contract, and you reclaim it by repaying the loan plus accrued interest.

Borrow handles all the behind-the-scenes complexity. If your BTC needs to be bridged to a different chain or wrapped into a specific format for the lending protocol, the platform manages those steps automatically.

Who Borrow Is For

• Long-term Bitcoin holders who believe in BTC's long-term value and want to access cash without triggering a taxable sale event
• Business owners who hold Bitcoin treasury and need working capital in stablecoins
• DeFi strategists who want to leverage their BTC position by borrowing against it and deploying the borrowed stablecoins elsewhere
• Anyone seeking a no-KYC loan — because Sats Terminal is non-custodial, there is no identity verification requirement

Key Borrow Features

• Side-by-side rate comparison across Aave v3, Morpho Blue, and CeFi lenders
• Multi-chain support: borrow on Ethereum, BASE, Arbitrum, Polygon, Optimism, or BSC
• Automatic bridging and wrapping of BTC assets between chains and formats
• Self-custodial Privy wallet with no KYC requirements
• Clear display of loan-to-value ratios, liquidation thresholds, and interest rates before you commit
• Supports multiple collateral types: wBTC, cbBTC, BTCB, and more Under the hood, the experience is a five-step flow: email sign-in (which provisions the Privy wallet), loan configuration, BTC deposit to a unique address, automatic bridging and wrapping, and finally stablecoin delivery to your wallet.

For a detailed guide on borrowing, see What Is Borrow by Sats Terminal?.

Earn: Yield on BTC and Stablecoins

What Earn Does

Earn gives you access to curated yield-generating vaults for both Bitcoin and stablecoin assets. You deposit your tokens into a vault, and the vault deploys them into DeFi strategies that generate returns. The yield accrues automatically, and you can withdraw your tokens (plus earnings) at any time.

Earn vaults are sourced from vetted protocols and undergo due diligence to ensure they meet minimum security and performance standards. This curation saves you the work of individually researching, comparing, and monitoring dozens of yield opportunities across the DeFi landscape.

Who Earn Is For

• Passive income seekers who want their BTC or stablecoins to generate returns without active management
• Borrowers on Sats Terminal who want to deploy their borrowed stablecoins into yield strategies
• Conservative DeFi users who prefer curated, vetted vault opportunities over manually navigating the yield farming ecosystem
• Long-term holders who want their idle assets to compound over time

Key Earn Features

• Curated vaults with transparent yield rates and risk profiles
• Support for both BTC-based and stablecoin-based strategies
• Easy deposit and withdrawal through the Sats Terminal interface
• Clear display of historical returns, protocol information, and vault mechanics
• Non-custodial: your assets remain in smart contracts, not held by Sats Terminal

For more on earning yield, see What Is Earn on Sats Terminal?.

How the Three Products Work Together

While each product stands alone, the real power of Sats Terminal emerges when you use them in combination. Here are some common multi-product strategies:

Strategy 1: Trade, Collateralize, Borrow

1. Trade: Use Trade to swap various crypto assets into wBTC or another Bitcoin variant
2. Borrow: Deposit the BTC as collateral and take out a USDC loan
3. Use: Spend the USDC while maintaining your Bitcoin exposure

This strategy is popular with long-term holders who need liquidity but do not want to sell their BTC. By borrowing instead of selling, you maintain exposure to Bitcoin's upside and avoid a taxable event (tax implications vary by jurisdiction — consult a tax professional).

Strategy 2: Borrow and Earn (The Yield Loop)

1. Borrow: Deposit BTC as collateral and borrow stablecoins at a competitive rate
2. Earn: Deposit the borrowed stablecoins into an Earn vault that yields more than your borrowing rate
3. Profit: The difference between the earn rate and the borrow rate is your net yield

For example, if you borrow USDC at 3% APR and deposit it into a vault earning 5% APY, you net approximately 2% on the borrowed amount — all while keeping your Bitcoin collateral intact. This is a simplified example; actual returns depend on market conditions, and this strategy carries liquidation risk if BTC's price drops.

Strategy 3: Full Cycle (Trade → Borrow → Earn → Trade)

1. Trade: Swap into BTC
2. Borrow: Collateralize the BTC and borrow stablecoins
3. Earn: Deposit stablecoins into yield vaults
4. Trade: Eventually swap earned returns into more BTC to increase your position

This full-cycle strategy uses all three products and illustrates how Sats Terminal functions as a complete financial platform for Bitcoin holders.

Common Use Cases

Accessing Liquidity Without Selling BTC

The most popular use case for Sats Terminal is borrowing against BTC to access stablecoins. Whether you need to pay bills, fund a purchase, or deploy capital elsewhere, Borrow lets you unlock the value of your Bitcoin without giving up ownership.

Getting the Best Price on BTC Swaps

If you regularly swap between BTC variants, stablecoins, or other supported tokens, Trade's DEX aggregation ensures you are always getting the best available price. Over time, the accumulated savings from optimized routing can be substantial.

Earning Passive Income on Idle Assets

If you hold BTC or stablecoins that are sitting idle in a wallet, Earn provides an opportunity to generate returns. Even modest yield rates compound meaningfully over time.

Building Bitcoin DeFi Applications

Developers can use Trade's SDK, API, and embed tools to integrate swap functionality into their own products. This makes Sats Terminal not just a consumer-facing platform but also developer infrastructure for the Bitcoin DeFi ecosystem.

Accessing the Products

All three products are available at www.satsterminal.com/borrow. You can switch between them from the main navigation without needing to reconnect your wallet or create separate accounts.

To get started:

1. Visit www.satsterminal.com/borrow
2. Connect your existing wallet or create a new Privy wallet
3. Choose Trade, Borrow, or Earn
4. Follow the on-screen prompts to execute your first transaction

No sign-up, no KYC, no approval process. The platform is open and permissionless.

Supported Chains

All three products benefit from Sats Terminal's multi-chain architecture. Currently supported chains include:

• Ethereum — the most liquid DeFi ecosystem
• BASE — Coinbase's Layer 2 with low fees and fast transactions
• Arbitrum — leading Ethereum Layer 2 for DeFi
• Polygon — established Ethereum sidechain
• Optimism — Ethereum Layer 2 with a growing DeFi ecosystem

Cross-chain bridging only kicks in when the best lender for you sits on a different network than where your BTC arrives. In those cases Borrow handles the bridge and the wrap (into wBTC, cbBTC, or BTCB) and shows progress at every step.

• BNB Smart Chain (BSC) — high-throughput chain with low fees

Cross-chain operations (bridging, wrapping) are handled automatically by the platform, regardless of which product you are using.

Related Resources

• What Is Sats Terminal? — comprehensive platform overview
• What Is Borrow by Sats Terminal? — detailed Borrow guide
• What Is Trade on Sats Terminal? — detailed Trade guide
• What Is Earn on Sats Terminal? — detailed Earn guide
• Already linked in Related Resources section — no change needed — fee structure breakdown