What is Lendasat?
Lendasat is a peer-to-peer lending platform that allows users to borrow stablecoins or fiat currency using Bitcoin as collateral. The platform operates as a non-custodial, instant Bitcoin loan service powered by Discreet Log Contracts (DLC) on ARK technology. This approach allows users to maintain control of their Bitcoin while accessing liquidity through secured lending arrangements. The platform serves two primary user types: borrowers who want to unlock liquidity from their Bitcoin holdings without selling, and lenders who seek to earn guaranteed yields by providing stablecoins for Bitcoin-secured loans. Lendasat supports multiple stablecoin options including USDC and USDT across various blockchain networks such as Polygon, Ethereum, Solana, and Starknet.
Lendasat Airdrop Details
While Lendasat has not officially confirmed a token airdrop, the platform’s current closed beta phase presents a potential retroactive airdrop opportunity. Early participants who engage with the platform during its beta testing phase may be eligible for future token rewards if the project decides to launch a native token. The beta testing program requires invitation codes for access, suggesting that early adopters and active users could be prioritized for any potential token distribution. Given the platform’s focus on Bitcoin-backed lending and its multi-chain approach, participants who actively use both borrowing and lending features across different networks may position themselves favorably for potential rewards. Beta participants can engage with the platform in two ways: as borrowers using Bitcoin collateral to access stablecoins, or as lenders providing USDC and USDT liquidity across supported networks.
Step-by-Step Guide: How to Participate in Lendasat Beta
- Visit the Lendasat Platform and sign up
- Use the provided invitation link to register for the closed beta and get user discount
- Go to the contracts section and create a new loan offer request
- Before you begin, ensure that you have Bitcoin, USDC or USDT in your wallet. If you don’t have any, consider purchasing from Binance or using Rhino Bridge
- For Borrowers – Bitcoin Collateral Setup
- Transfer Bitcoin to the platform’s non-custodial system
- Specify your preferred stablecoin for the loan (USDC or USDT)
- Choose your preferred blockchain network for receiving funds
- Set loan terms and collateral ratio
- For Lenders – Provide Liquidity
- Deposit your stablecoins to the lending pool
- Set your lending terms and interest rates
- You can also invite your friends to earn rewards
Frequently Asked Questions
Is Lendasat Airdrop Confirmed?
Lendasat has not officially announced a token airdrop. However, early beta participants may be eligible for potential retroactive rewards if the project launches a native token in the future.
What Assets Can I Use on Lendasat?
Borrowers use Bitcoin as collateral, while lenders provide USDC or USDT on Ethereum, Polygon, Solana, or Starknet networks.
How Do I Get Beta Access?
Beta access requires an invitation code. Users can register through our official referral link.
Can I Participate as Both Borrower and Lender?
Yes, users can participate in both sides of the platform, potentially maximizing their engagement and eligibility for future rewards.
Conclusion
Lendasat presents an interesting opportunity for users interested in Bitcoin-backed lending solutions. While no official airdrop has been announced, the platform’s closed beta phase offers early access to a potentially significant DeFi lending protocol. Participants can engage through borrowing against Bitcoin collateral or lending stablecoins for guaranteed yields across multiple blockchain networks. You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our
list of potential retroactive airdrops to not miss out on the next DeFi airdrop!
Airdrop unconfirmed
PawProfitForum does not endorse communities that promise unrealistic returns through potentially unethical practices. We are committed to promoting safe, informed, and ethical participation in the cryptocurrency space. We urge our audience to remain cautious, perform thorough research, and consider the broader implications of their investment decisions. All the above reviews include unverified information. Please conduct your own research. Share your feedback
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