> ## 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.

# Roadmap

> From testnet to the Bitcoin DeFi standard, staged for capital providers.

# The path forward.

Each stage below is framed by what a capital provider can actually do at that point, and what hardening sits behind their ability to do it.

<Steps>
  <Step title="Today: live on testnet" titleSize="h3">
    Core protocol deployed. Full lending lifecycle exercised end-to-end. Source-verified bytecode.

    **What the LP can do now:** exercise the full supply / borrow / liquidate flow against test capital, review the contracts directly, and engage the team on launch-market design.
  </Step>

  <Step title="Next: public launch" titleSize="h3">
    Partner-curated markets. Reference front-end. Public bug bounty live with material rewards.

    **What the LP can do now:** stress-test the protocol under adversarial conditions, alongside an active bounty population.
  </Step>

  <Step title="Then: mainnet" titleSize="h3">
    Independent audit complete. Conservative initial markets with battle-tested oracles. Institutional onboarding open.

    **What the LP can do now:** allocate real capital into a small, curated, audited market set, the cleanest possible launch surface.
  </Step>

  <Step title="After: ecosystem flywheel" titleSize="h3">
    Permissionless market creation. Vault layer for managed exposure. Integrations across the broader SatsTerminal stack.

    **What the LP can do now:** scale exposure into a deeper market set, or access curated exposure via vaults, without any change to the underlying core.
  </Step>
</Steps>

## What never changes

No upgrades to the lending core. No admin keys over user funds. No shared-pool risk. No governance jurisdiction over your position.

**The architecture is the moat.** Every stage above ships *around* the core, not *into* it.