🔭 Our Thesis

What

Bitcoin-backed lending today is still stuck in the past. Platforms are built around custodians, hidden rehypothecation, off-chain agreements, and predatory liquidations. They were designed for institutions and early whales, not for everyday Bitcoiners who hold their keys, believe in transparency, and need reliable access to liquidity.

So What

That means millions of Bitcoiners, especially those holding under 10 BTC are left out. They’re forced to trust black-box lenders, pay excessive fees, or sell their BTC in emergencies. Worse, the core values of Bitcoin self-custody, openness, and verifiability are lost in the very systems meant to support it.

Now What

Surge is building something fundamentally different: a Bitcoin-native credit market that puts users in control. With dVaults (programmable Bitcoin vaults), market-driven terms, and a decentralized signer network, Bitcoiners can borrow stablecoins without giving up custody, trust, or transparency. It’s a credit system designed for Bitcoiners, not institutions. Built on-chain. Aligned with the ethos.