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Lendasat Open Beta: 2400+ Users, Zero Losses, Ready to Scale

After months of closed testing with perfect security, Bitcoin-backed lending is now open to everyone

Muffinman
Muffinman
10/6/2025
announcementopen-betasecuritymilestone
Lendasat Open Beta: 2400+ Users, Zero Losses, Ready to Scale

Today we're officially launching our Open Beta - and we couldn't be more excited to share what we've built.

By the Numbers

After months of closed testing, here's where we stand:

MetricValue
Users2,400+
Successful LoansHundreds
Fund LossesZero
Security IncidentsZero

What's New in Open Beta

For Borrowers

  • Streamlined onboarding - Get started in minutes
  • More payment options - USDC, USDT, EUR, and virtual cards
  • Lower minimums - Start borrowing with smaller amounts
  • Real-time LTV tracking - Monitor your position 24/7

For Lenders

  • Competitive yields - Set your own rates
  • Risk controls - Choose your preferred LTV limits
  • Diversification - Spread across multiple loans
  • Full transparency - See exactly where your capital goes

Security First

Our 2-of-3 multisig architecture ensures:

  • No single party controls funds
  • Transparent on-chain verification
  • Automatic liquidation protection
  • Battle-tested smart contracts

Join the Beta

Ready to borrow against your Bitcoin or earn yields as a lender?

Questions? Join our Discord community.