> ## 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.

# Security

> Trust the math, not the team.

# Trust, minimized by design.

Every lending protocol asks you to trust something. We've made that list as short as possible.

## What you don't have to trust

<CardGroup cols={2}>
  <Card title="Not the team" icon="user-slash">
    No admin keys. No upgrade path. We literally cannot touch user funds.
  </Card>

  <Card title="Not a DAO vote" icon="building-columns">
    No governance can pause withdrawals, freeze markets, or seize positions.
  </Card>

  <Card title="Not other markets" icon="grid-2">
    Markets are fully isolated. A failure in one cannot affect any other.
  </Card>

  <Card title="Not hidden code" icon="code">
    All contracts are open source and publicly verified.
  </Card>
</CardGroup>

## What protects lenders

<CardGroup cols={2}>
  <Card title="Permissionless liquidation" icon="gavel">
    Anyone can close risky positions instantly. Bad debt is cleared in real time.
  </Card>

  <Card title="Minimal surface" icon="microscope">
    \~400 lines of code. Exhaustively reviewable.
  </Card>
</CardGroup>

## Audit & disclosure

Independent review and adversarial testing are part of the pre-mainnet path, not an afterthought.

<CardGroup cols={2}>
  <Card title="Independent audit" icon="microscope">
    Comprehensive third-party review of the lending core and integration surfaces, completed before mainnet deposits are accepted.
  </Card>

  <Card title="Public bug bounty" icon="bug">
    Live before mainnet, with material rewards sized to make adversarial review worthwhile.
  </Card>

  <Card title="Coordinated disclosure" icon="envelope">
    A documented disclosure policy and a dedicated channel for responsible reporting. Security correspondence is treated as first-class. {/* TODO: confirm security contact address before publish */}
  </Card>

  <Card title="Conservative launch markets" icon="shield-check">
    Mainnet opens with a small, curated set of markets using the most conservative feasible parameters and oracles.
  </Card>
</CardGroup>

## The bottom line

SatsTerminal Lending inherits the most rigorously reviewed lending architecture in DeFi, and adds the minimum code needed to make it Bitcoin-native.

**The fewer moving parts, the less can break.**

<Card title="See the risk framework →" icon="arrow-right" href="/risk-framework">
  Each class of residual risk, how it's bounded, and what the lender carries.
</Card>