> For the complete documentation index, see [llms.txt](https://liquidsat.gitbook.io/liquidsat/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://liquidsat.gitbook.io/liquidsat/documentation/readme.md).

# Welcome to LiquidSat

### **Unlock Capital Efficiency for Bitcoin.**

LiquidSat is a **native Bitcoin financing layer** that enables **self-custodial borrowing and lending** using Bitcoin as collateral — without bridges, wrapping, or custodial risk.

Bitcoin remains locked **directly on Bitcoin**, while loan execution and liquidity routing occur on supported EVM networks through verifiable proofs and deterministic enforcement.

Borrowing and lending is LiquidSat’s **first and foundational product**, designed to unlock native BTC liquidity securely and predictably.

> 💡 *Your keys. Your BTC. Your yield.*

***

#### What LiquidSat Does

* Enables borrowing against Bitcoin without selling it
* Enables you to spend and earn yield on dollars
* Preserves self-custody and predictable outcomes

LiquidSat turns Bitcoin into **productive financial collateral** while preserving Bitcoin’s security model.

***

#### What LiquidSat Is Not

* Not a wrapped BTC protocol
* Not a custodial lending desk
* Not a yield-first product

LiquidSat is **financing infrastructure**, built for long-term capital markets.

***

### Jump right in

<table data-view="cards"><thead><tr><th></th><th></th><th></th><th data-hidden data-card-cover data-type="files"></th><th data-hidden></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><h4><i class="fa-bolt">:bolt:</i></h4></td><td><strong>Financing Layer</strong></td><td><em>Learn how LiquidSat turns Bitcoin into verifiable, non-custodial collateral</em></td><td></td><td></td><td><a href="/liquidsat/documentation/introduction/the-liquidsat-financing-layer.md">📙 The LiquidSat Financing Layer</a></td></tr><tr><td><h4><i class="fa-leaf">:leaf:</i></h4></td><td><strong>BTC Loans Overview</strong></td><td><em>Learn how BTC-backed borrowing and lending works on LiquidSat</em></td><td></td><td></td><td><a href="/liquidsat/documentation/introduction/btc-backed-borrowing-and-lending-product.md">BTC-Backed Borrowing &amp; Lending Product</a></td></tr><tr><td><h4><i class="fa-globe-pointer">:globe-pointer:</i></h4></td><td><strong>Product User guide</strong></td><td><em>Step-by-step guide for borrowing and lending on LiquidSat</em></td><td></td><td></td><td><a href="/liquidsat/documentation/introduction/product-user-journey.md">Product User Journey</a></td></tr></tbody></table>