what's Lendasat?

Lendasat is a decentralized peer-to-peer lending platform focused on Bitcoin-collateralized loans. It leverages Discreet Log Contracts (DLCs) and the Lightning Network to enable borrowers to access liquidity against their Bitcoin holdings without selling, custodians, or counterparty risk. Loans are overcollateralized (e.g., 110%+ Bitcoin collateral) and secured via smart contracts for transparency. Lenders supply stablecoins to fund these loans, earning yields in a non-custodial environment across multiple blockchains. The platform is in early closed beta testing, with access via Discord, aiming to make custodians obsolete through direct P2P matching.

Lendasat completed a Pre-Seed funding round with an undisclosed amount.