Some of our former team members are currently engaged in a new project: Lendasat (npub1tt7…z8a9)
This initiative utilizes the same technology as 10101, but its goal is to eliminate counterparty risk from the lending equation!
quoting1] WE'RE THRILLED TO ANNOUNCE THE LAUNCH OF LENDASAT'S EARLY TESTING PHASE!
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Discover a new era of #Bitcoin-collateralized loans, powered by DLCs: no middleman, no counterparty risk, no extra step!
Let's make custodians OBSOLETE
Be part of this pivotal moment with Lendasat!👇🧵
2] Ready to jump in? Your journey begins now!
Connect with us on Discord for full details on the test app: https://discord.gg/xUKq3RjkEx.
3] Lendasat is on a mission to redefine finance thanks to #Bitcoin:
Our platform allows peer-to-peer Bitcoin-collateralized loans without counterparty risk or prior authorization, using Discreet Log Contracts.
But what does that mean for you? 👇
4] As a 🟠Borrower:
Confidently #borrow and leverage your bitcoin as collateral without having to rely on any third parties or go through additional processes.
You remain in full control of your funds.
Seamless. financial. freedom.
5] As a 💵Lender:
Experience secure, high-yield returns on your #stablecoins without the usual hassles.
Whether the borrower repays early or defaults, your principal and interest are guaranteed.
6] During this test phase, we'll use Bitcoin Signet (a type of testnet) for borrowing and stablecoins on @Starknet's Sepolia (also a testnet) network for lending and repayment.
Come play with Lendasat—it's free and won't cost you anything!
7] Our ultimate goal?
Simple: a secure platform where borrowing stablecoins is easy and transparent, with a long-term vision to include cash and other solutions in the future.
8] Your feedback shapes this journey!
Join us on Discord: https://discord.gg/xUKq3RjkEx
Share your thoughts, ask questions, and get support.
Get involved and help us build the future of Lendasat!