BetaAPR9-26.5%(Fixed)
Launched in 2024, Lendasat is a non‐custodial P2P platform offering Bitcoin-collateralized loans in stablecoins or fiat without rehypothecation, credit checks, or KYC. It uses multisig and DLC smart contracts, granting borrowers control and lenders transparent, secure yields.
Interest rate
Fixed (e.g. 7.5-25%)
Currency support
USD, USDC, USDT
Fees
1.5%
Collateral
BTC
LTV
Up to 70%
Loan type
Consumer
Liquidation LTV
90%
Margin call
80%, 85%
KYC
No
Total loan issued
N/A
Launch year
N/A
Loan duration
1-12m
Support
Discord, Email
Loan value
$100 - $100,000
Total risk score
Collateral
N/A
What are you pledging? Native BTC is safest; wrappers, bridges, or paper IOUs add redemption risk.
Rehypothecation
N/A
Will your BTC be re-used? More hidden leverage → bigger blow-up chance.
Custody
N/A
Who can move the coins? Scores quorum design, recovery paths, and (for CeFi) bankruptcy-remote segregation.
Security & Governance
N/A
How battle-tested are code and ops? Counts audits, bug-bounty, certs, and hardware key isolation.
Platform
N/A
Is the chain or bridge robust? Rates consensus security and smart-contract attack surface.
Oracle
N/A
How is price fetched and signed? Independence, on-chain proofs, refresh speed, circuit breakers.
Liquidation Buffer
N/A
How much room and time before liquidation? Combines LTV gap, grace window, and flash-crash guards.
Rate & Term
N/A
Can interest spike mid-loan? Looks at fixed vs variable APR and funding duration match.
Transparency
N/A
Can outsiders verify code & solvency? Rewards open-source + live PoR; punishes black boxes.
Loan Currency
N/A
What asset do you borrow? Native-BTC best; fiat stables graded on reserves, audits, censorship risk.
Privacy
N/A
How exposed is your identity? Scores KYC depth, data storage, and breach history.
History
N/A
Have they proven themselves? Measures years live, audit/OSS footprint, and incident track record.
Jurisdiction
N/A
Which legal system backs you? Rates clarity of licensing, creditor rights, and enforcement.