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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.
1

Today: live on testnet

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.
2

Next: public launch

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.
3

Then: mainnet

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.
4

After: ecosystem flywheel

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.

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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.