> ## Documentation Index
> Fetch the complete documentation index at: https://lending.satsterminal.com/llms.txt
> Use this file to discover all available pages before exploring further.

# What's different

> How SatsTerminal Lending compares to every venue you've already evaluated.

# Built different. Built better.

Most BTC-yield venues ask you to give up something serious (custody, isolation, transparency, or speed) in exchange for the rate they're offering. We don't.

|                                 | CeFi BTC desks | Wrapped-BTC venues | Modern EVM lending | **SatsTerminal Lending** |
| ------------------------------- | :------------: | :----------------: | :----------------: | :----------------------: |
| Bitcoin-native settlement       |        ❌       |          ❌         |          ❌         |             ✅            |
| Real (non-wrapped) BTC          |        ✅       |          ❌         |          ❌         |             ✅            |
| Isolated markets                |        ❌       |         ⚠️         |          ✅         |             ✅            |
| No admin keys / non-custodial   |        ❌       |         ⚠️         |          ✅         |             ✅            |
| No bridge / wrapped-BTC in path |        ✅       |          ❌         |          ❌         |             ✅            |
| Permissionless liquidation      |        ❌       |          ✅         |          ✅         |             ✅            |
| Permissionless market creation  |        ❌       |         ⚠️         |          ✅         |             ✅            |
| Sub-second execution            |        ❌       |          ❌         |         ⚠️         |             ✅            |
| Source-verified, open contracts |        ❌       |          ✅         |          ✅         |             ✅            |

## Three things that win this market

<CardGroup cols={3}>
  <Card title="Largest collateral base" icon="vault">
    Bitcoin. Bigger than every other DeFi-eligible asset combined.
  </Card>

  <Card title="Cleanest risk story" icon="shield-check">
    Isolated markets, minimal code, no governance over user funds.
  </Card>

  <Card title="Lowest extraction cost" icon="bolt">
    Sub-second EVM execution. Capital moves at the speed of opportunity.
  </Card>
</CardGroup>

SatsTerminal Lending is the only deployment that compounds all three.

## Where we are today

<CardGroup cols={2}>
  <Card title="Live on testnet" icon="circle-check">
    Core protocol deployed and operational. Real transactions, real flows.
  </Card>

  <Card title="End-to-end verified" icon="circle-check">
    Supply, borrow, repay, liquidate, flash-loan: all exercised on-chain.
  </Card>

  <Card title="Source-verified" icon="circle-check">
    Bytecode publicly verified. Full transparency from day one.
  </Card>

  <Card title="Minimal attack surface" icon="circle-check">
    \~400 lines of core code. Smaller than any competing protocol.
  </Card>
</CardGroup>