Building @surge_credit, Bitcoin credit infrastructure
Joined April 2014
- Tweets 358
- Following 927
- Followers 939
- Likes 1,044
56 Photos and videos
Pinned Tweet
1 Nov 2025
Keep Your Bitcoin Untouched, Unlock Bitcoin Native Credit Line
1 Nov 2025
17 years ago today, Satoshi published the Bitcoin whitepaper.
Today, we carry that mission forward.
Introducing Surge! The Bitcoin-native Credit Line.
Transparent. On-chain. No custodians.
⚡️ Never sell your Bitcoin, ever.
📝 Join the waitlist 🎉
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Punith retweeted
Jun 4
Surge Protocol — Week 9.
Crossed 10 BTC locked in Taproot vaults this week.
No campaign. No incentives. No announcement engineered for the moment. Just a quiet milestone reached while the team is heads-down on audits.
The Bitcoiners showing up read the spec before they signed.
Next 6–8 weeks: audits, milestones, hardening. We'll share when the work is done.
Don't trust. Verify 🟧
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Jun 3
The lesson isn't "privacy bad." It's layer your complexity so failures are contained. Get privacy and programmability from Bitcoin's existing primitives - Taproot script paths, Schnorr, off-chain MPC, so a bug stays to that layer, never the base money. The base layer should stay simple enough that its soundness is checkable, not provable-by-circuit-and-prayer.
Jun 3
Why adding Zcash style privacy to Bitcoin at the consensus layer is a bad idea:
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Punith retweeted
May 27
Tried this yesterday. Super slick UX. Really nice to see non-custodial solutions delivering great UX. Curious to hear why more people aren't giving this a whirl.
May 12
The reason most Bitcoiners use custodial lenders isn't ideology. It's UX.
Non-custodial has been clunky, slow, and more expensive — until it wasn't.
Full walkthrough of what changed. Link in replies.
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Punith retweeted
May 23
Changelog, incoming. 🟧
We're building Surge in the open every meaningful update lands publicly, no exceptions.
First entry: Signer v0.1.4. Hardened with mTLS across services and an MPC-TSS protocol upgrade. Phase 1 of our security audits is closing in on done.
🔗 💬
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Punith retweeted
May 14
"Where does the capital come from?" 🤔
It's the question every Bitcoiner asks before they borrow on Surge.
Answer: from anyone. Permissionless USDC lending on Base, backed by verifiable Bitcoin collateral.
Walkthrough in the comments 💬
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Punith retweeted
May 7
New Earn dashboard is live.
Connect any self-custodial EVM wallet. Supply USDC. Earn yield backed by native Bitcoin in verifiable Taproot vaults: not wrapped, not rehypothecated.
See it all on-chain:
→ Bitcoin Locked
→ BTC Volume Processed
→ Vaults backing every position
Real yield from real borrowing. No mercenary emissions.
Don't trust. Verify.
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Punith retweeted
Surge had an amazing time at Bitcoin Vegas. Its clear now people want what we have built. Read my thoughts about how the conference went.
open.substack.com/pub/surgec…
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Punith retweeted
Apr 27
Surge is now in public beta 🎉
After months in private beta, Surge is open for anyone to download and try — a Bitcoin-native dollar credit line built for Bitcoiners.
We’re already 8 BTC in, and users are actively opening credit lines.
It’s credit, not a loan.
Download Surge and try it today.
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Punith retweeted
Apr 22
The Surge founding team will be at #Bitcoin2026 in Las Vegas.
We’re looking forward to meeting fellow Bitcoiners and connecting in person with the community.
You can reach out to @michaelborglin, @yash_belavadi , or @punithbtc directly if you’d like to connect in Vegas.
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Punith retweeted
Apr 20
Come see what Bitcoin-backed credit should look like ➡️
0 rehypothecation. Full sovereignty. Unilateral exit.
And the ability to verify your Bitcoin at all times.
Meet us at #Bitcoin2026 Las Vegas
🗓️April 27–29
📍Booth 875
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Apr 9
Once you understand the model, there’s no going back. Credit lines are the better primitive.
Slow and steady. Folks are starting to get why Surge Credit is a better product at a better price.
lp.surge.dev/#/
Bitcoin Credit Lines > Bitcoin Loans
Pools > 1 to 1 Matching
DM if you want to be borrow or lend with our protocol. Or just go use it. It's on the Apple Store and lending in the browser.
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Punith retweeted
Check out Surge Credit's borrower experience.
surgecredit.substack.com/p/s…
Available on the Apple app store today.
apps.apple.com/us/app/surge-…
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Punith retweeted
Mar 5
@michaelborglin (Co-founder & CPO at Surge) is headed to the Annual Bitcoin Ski Summit in Jackson Hole (Mar 5–8), an invite-only gathering of Bitcoin operators, builders, and long-term capital in the Tetons.
We’re excited to trade notes on bitcoin-native credit: how to unlock liquidity without giving up sovereignty, “don’t trust, verify” all the way down.
If you’ll be there, say hi 👋
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Punith retweeted
Feb 10
Our first podcast episode is live! 🚀⚡️
Huge thanks to @PresidioBitcoin for the opportunity and to all the PB members for the incredible support and love you've shown Surge so far.
🎧 Listen in:
Feb 10
Our newest installment of Built in the Presidio is live!
Members Yash Belavadi (@yash_belavadi) and Michael Borglin (@michaelborglin) explain why they’re building Surge (@surge_credit) - a non-custodial way to borrow against BTC - and how it works.
The conversation also covers why Bitcoin lending keeps drifting back toward centralization, lessons from previous centralized blowups (e.g., BlockFi, FTX), and new tailwinds for the vertical.
(0:00) Why Bitcoin lending keeps breaking
(1:50) Yash & Michael's backgrounds and pivot into Bitcoin lending
(6:30) Why past models failed
(13:00) Why now? (regulatory & institutional momentum)
(25:35) What Surge is building: roadmap, liquidity bootstrapping, native BTC
(31:00) How it works: user journey & safety
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Punith retweeted
Jan 8
What a day! Surge co-founders had the honor of attending @jack's private AMA at the epic @PresidioBitcoin space.
Thanks for hosting! 🙌
Thanks for coming by Presidio Bitcoin, @jack
It was great to have you here for a private AMA with our members.
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