
Lendasat
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DeFi
Status
What is Lendasat?
Lendasat is a decentralized platform that provides Bitcoin holders with access to liquidity without having to sell their assets, using BTC-collateralized P2P lending mechanisms and the LendaSwap atomic swap protocol. Lendasat's core service allows borrowers to borrow in stablecoins or fiat, locking Bitcoin via multi-signature without KYC and maintaining full control over their assets. The borrower is protected from forced liquidation thanks to a balance repayment mechanism.
Lendasat expands the ecosystem with the ability to directly and trustlessly exchange Bitcoin for stablecoins on EVM networks via atomic swaps. This self-custodial service requires no intermediaries, allowing users to instantly convert assets between different blockchains.
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