A wallet-first, non-custodial way to borrow against bitcoin, with clear loan terms and side-by-side comparisons, now including Morpho as a DeFi borrowing option within its bitcoin borrowing interface. The integration allows users to access stablecoin liquidity using bitcoin as collateral through Morpho, directly from the Borrow interface. Users can review key loan details, including loan-to-value (LTV), interest rates, fees, collateral requirements, and liquidation parameters, before confirming from their wallet. Sats Terminal remains non-custodial at the interface.
Centralized and decentralized borrowing options are presented side by side, giving users a clearer view of trade-offs before committing. Bitcoin-backed borrowing has historically been fragmented, with users navigating separate platforms, inconsistent terminology, and opaque terms. By integrating Morpho, Sats Terminal expands the set of DeFi borrowing options available within Borrow while maintaining a consistent, transparent user experience. When borrowing via Morpho on Sats Terminal, bitcoin is wrapped and bridged to EVM, where it is used as collateral on the Morpho protocol.
Borrowed stablecoins are issued directly by Morpho and delivered to the user’s wallet. All steps are handled through Borrow’s guided flow, so users do not need to manage bridging, protocol interactions, or smart contracts themselves. Morpho, launched in 2022, has quickly become one of DeFi’s most widely used lending protocols and currently leads DeFi lending by monthly active users, accounting for about 44% of MAU share and billions of dollars in TVL. The integration gives Bitcoin holders access to a proven DeFi lending layer while preserving Sats Terminal’s wallet-first, non-custodial experience.
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