Lendasat Open Beta: 800+ Users, Zero Losses, Ready to Scale
Today marks a significant milestone for Lendasat—we're officially launching our Open Beta to the public. After months of rigorous testing with our closed beta community, we're confident in our platform's security, reliability, and value proposition. The numbers speak for themselves: 800+ users, hundreds of successful loans, and zero customer fund losses.
The Closed Beta Journey
When we launched our closed beta earlier this year, we had one goal: prove that non-custodial Bitcoin-backed lending works in practice.
The results exceeded our expectations:
| Metric | Result |
|---|---|
| Total Users | 800+ |
| Successful Loans | Hundreds collateralized |
| Customer Fund Losses | 0 (Zero) |
| Security Audits | ✓ Passed |
| User Satisfaction | Extremely high |
What We Learned
Real Use Cases
Borrowers used Lendasat for:
- Medical expenses
- Business opportunities
- Home down payments
- Tax payments
- Personal investments
The common thread? They didn't want to sell their Bitcoin.
Security Worked
Our smart contract architecture delivered:
✅ Zero fund losses ✅ Non-custodial design ✅ No rehypothecation ✅ Automated liquidation protection
The Security Audit
Our platform underwent an independent security audit covering:
- Smart contract logic
- Collateral management
- Liquidation mechanisms
- User fund security
- System architecture
We passed. No critical vulnerabilities found. All recommendations implemented.
Why Open Beta Now?
We met our criteria:
✓ Platform stable ✓ Security audit passed ✓ 800+ users validated demand ✓ Zero fund losses ✓ Can handle scale
What's New in Open Beta?
Based on feedback:
- Streamlined loan application
- Better collateral monitoring dashboard
- More loan duration and LTV options
- Faster contract execution
- Educational resources and calculators
We've scaled infrastructure to handle thousands of users.
Our Commitments
Security:
- Non-custodial design
- Smart contracts control collateral
- 24/7 monitoring
- Regular security audits
Transparency:
- Open source contracts
- No hidden fees
- Real-time loan tracking
- Honest communication
Community:
- We listen to feedback
- Active support
- Educational resources
After Open Beta
We'll continue:
- Improving based on feedback
- Expanding features
- Growing globally
- Building partnerships
Core mission stays the same: Bitcoin-backed loans with minimal trust requirements.
Join the Open Beta
Our closed beta users helped us build something that works. Now it's open to everyone.
A Personal Note
Building Lendasat has been challenging and rewarding. 800+ users, zero fund losses—the system works.
Thanks to everyone in our closed beta. Your feedback made this possible.
Let's keep building.
Marius Just a maxi
What's Next: ARK Integration
We're working on ARK protocol integration to enable Lightning Network for borrowing and repayments:
- Instant loan disbursements via Lightning
- Lower transaction fees
- Faster settlements
- Simpler user experience
Long-term, we're transitioning to a fully ARK-based protocol. This means:
- Seamless UX—borrow and repay as easily as sending a payment
- Better rates—ARK's efficiency lets us offer the most competitive rates
- Enhanced privacy
- Better scalability
We're building this in public with our community. Join us for the ride.
Get Started
Ready to borrow against your Bitcoin?
Join our community:
- Discord: discord.gg/a5MP7yZDpQ
- Twitter: @lendasat
- GitHub: github.com/lendasat
Disclaimer: While we've achieved zero fund losses in closed beta and passed our security audit, borrowing against Bitcoin carries inherent risks including liquidation risk and market volatility. Always maintain a healthy LTV ratio and never borrow more than you can afford to repay. This is not financial advice—do your own research.