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Lendasat Open Beta: 800+ Users, Zero Losses, Ready to Scale

· 5 min read
Marius
Marius
Just a maxi

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:

MetricResult
Total Users800+
Successful LoansHundreds collateralized
Customer Fund Losses0 (Zero)
Security Audits✓ Passed
User SatisfactionExtremely 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 ✅ Liquidation protection with margin call alerts

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.

Start Your First Loan→

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?

Create Loan→Read Documentation→

Join our community:

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.