Sats Terminal

Bitcoin app for Runes and Spark token swaps, comparing BTC-backed loans, and accessing yield products.

Visit website X / Twitter

Features

DEX
Swaps
Runes-Support
Spark-Support
BTC-backed borrowing

About

Sats Terminal groups several Bitcoin workflows in one product suite. Trade aggregates Runes liquidity and provides Spark token swaps. Borrow compares stablecoin loans backed by Bitcoin collateral. Earn is a separate offering for BTC and stablecoin yield products. The custody and risk model depends on the workflow and provider. For Borrow, the official documentation distinguishes smart-contract collateral from collateral held by a custodial lender. A self-custodial account wallet does not mean every loan keeps pledged BTC in the user's custody. Before borrowing, review the lender, interest model and liquidation threshold. Users remain responsible for monitoring their positions; Borrow's documentation says it does not automatically manage collateral or prevent liquidation. For Spark swaps, review the quoted output, slippage and wallet signing request.

Product facts

Source-checked information, not a security audit. Details can differ by product mode and region.

Purpose: The documented product suite covers Runes and Spark token swaps, BTC-backed borrowing, and BTC or stablecoin yield products. These are separate workflows with different risks.
docs.satsterminal.comChecked Sep 6, 2026
CustodyBorrow: Loan collateral custody depends on the selected lender: some routes use smart contracts, while custodial lenders hold the collateral. A self-custodial account wallet does not establish self-custody of pledged BTC.
docs.satsterminal.comChecked Sep 6, 2026
RequirementsBorrow: Borrowers must monitor collateral value, loan-to-value ratio and lender-defined liquidation thresholds. The documentation says Borrow does not automatically add collateral or prevent lender liquidations.