PANews reported on April 7 that according to The Block, Bitcoin DeFi aggregation protocol Sats Terminal completed a $1.7 million Pre-Seed round of financing, led by Coinbase Ventures and Draper Associates, with participation from Draper Dragon, BitcoinFi Accelerator, UTXO Management, Core Chain Ventures, Sats Ventures, Delta Blockchain Fund, Tenzor Capital and 3Commas Capital, as well as a group of angel investors. The new funds will be used to expand its platform. By providing de-DEX, cross-chain bridges and revenue aggregation in the Bitcoin ecosystem, Sats Terminal will use this financing to further develop infrastructure.

It is reported that the core of Sats Terminal is to aggregate major Bitcoin DeFi protocols, allowing users to obtain the best staking returns, the most competitive token exchange rates and seamless bridging options through a single interface.