Overview of Lendasat
Lendasat is an innovative platform that specializes in peer-to-peer lending, enabling users to borrow against their Bitcoin assets effortlessly. This system allows users to gain access to fiat or stablecoins while using Bitcoin as collateral. Lendasat employs advanced technology like Discreet Log Contracts (DLC) on the ARK protocol, ensuring that users retain full control over their Bitcoin holdings even while accessing funds.
The platform caters to two major demographics: the borrowers looking to harness liquidity from their Bitcoin without liquidating it, and the lenders eager to earn solid returns on their capital by backing Bitcoin-based loans. Lendasat supports a variety of stablecoins, which include popular names like USDC and USDT, across multiple blockchain ecosystems, namely Ethereum, Polygon, Solana, and Starknet.
Potential Airdrop Insights
Although Lendasat has yet to announce any official plans for a token airdrop, the current beta testing phase hints at a possible retroactive reward scenario for early participants. Those who actively take part in this phase may secure eligibility for future token distributions should Lendasat decide to issue its own native token.
The beta testing program is invitation-only, indicating a focus on rewarding early adopters. Engaging with both borrowing and lending features, especially across various blockchain networks, could enhance a participant’s standing for any potential rewards.
Individuals interested in participating can do so as either borrowers, utilizing Bitcoin as collateral for accessing stablecoins, or as lenders, offering USDC and USDT liquidity across the supported blockchain environments.
Engaging with Lendasat Beta
- Navigate to the Lendasat platform and sign up for an account
- Utilize the invitation link provided to join the closed beta for exclusive benefits
- Access the contracts section to initiate a loan offer request
- Ensure your wallet contains Bitcoin, USDC, or USDT; if not, consider purchasing through platforms like Binance or using Rhino Bridge
- For Borrowers – Setting Up Bitcoin Collateral
- Transfer your Bitcoin to the platform’s secure non-custodial system
- Select your desired stablecoin for the loan (USDC or USDT)
- Determine which blockchain network to utilize for the transaction
- Establish terms for the loan, including collateral ratios
- For Lenders – Contributing Liquidity
- Deposit your stablecoins into the lending pool on the platform
- Define your lending parameters and interest rates for the loans
- Invite your friends to the platform to boost your potential rewards
Common Inquiries
Is there a confirmed Airdrop from Lendasat?
No official airdrop has been confirmed by Lendasat, but early beta participants may qualify for potential rewards should the project launch its own token in the future.
What Collateral Can I Use on Lendasat?
The platform primarily uses Bitcoin as collateral for borrowers, while lenders provide USDC or USDT across recognized networks like Ethereum, Polygon, Solana, or Starknet.
How Can I Gain Beta Access?
Access to the beta requires an invitation code. Interested users can register via the official referral link provided.
Can I Participate as Both a Borrower and a Lender?
Absolutely! Users can actively engage in both lending and borrowing, maximizing their involvement and enhancing eligibility for future rewards.
Final Thoughts
Lendasat offers a compelling opportunity for individuals seeking viable Bitcoin-backed lending options. Though an official token airdrop remains unannounced, the closed beta phase may serve as a gateway for promising prospects within the DeFi landscape. Users can take part by borrowing against Bitcoin collateral or contribute by lending stablecoins for yields across diverse blockchain networks.
Are you keen on discovering more projects without a token yet that might present potential governance token airdrops? Be sure to explore our curated list of retroactive airdrop possibilities so you won’t miss any upcoming DeFi opportunities!
Don’t miss our updates! Follow us on Twitter, Telegram, & Facebook, and subscribe to our newsletter for the latest airdrop alerts!
