Lendasat on Nostr: 3 months ago we released our whitepaper. Our protocol creates a secure environment ...
3 months ago we released our whitepaper.
Our protocol creates a secure environment where both lenders & borrowers are protected. š
Let's dive deeper into redefining #Bitcoin backed loans and making them the new standard:
https://medium.com/lendasat/a-deep-dive-into-escrow-less-bitcoin-collateralized-lending-f7acba3b60be
Lendasat introduces a revolutionary Bitcoin-backed lending protocol that eliminates custodial risks.
Borrowers retain control of their Bitcoin collateral, using Discreet Log Contracts (DLCs) and Hash Time-Locked Contracts (HTLCs) to govern loan agreements without middlemen.
How it Works:
Lenders and borrowers lock assets in cryptographic contracts.
Borrowers use DLCs to lock Bitcoin, while lenders lock the loan principal in HTLCs.
These contracts ensure funds are only released when conditions are met ā no custodians involved.
Non-Cooperative Scenarios:
If a borrower defaults or a lender fails to provide funds, Lendasat has built-in protections like timeouts and oracle-based liquidation.
This ensures fair and automated outcomes for both parties in volatile markets.
Read the whole article: https://medium.com/lendasat/a-deep-dive-into-escrow-less-bitcoin-collateralized-lending-f7acba3b60be
Our protocol creates a secure environment where both lenders & borrowers are protected. š
Let's dive deeper into redefining #Bitcoin backed loans and making them the new standard:
https://medium.com/lendasat/a-deep-dive-into-escrow-less-bitcoin-collateralized-lending-f7acba3b60be
Lendasat introduces a revolutionary Bitcoin-backed lending protocol that eliminates custodial risks.
Borrowers retain control of their Bitcoin collateral, using Discreet Log Contracts (DLCs) and Hash Time-Locked Contracts (HTLCs) to govern loan agreements without middlemen.
How it Works:
Lenders and borrowers lock assets in cryptographic contracts.
Borrowers use DLCs to lock Bitcoin, while lenders lock the loan principal in HTLCs.
These contracts ensure funds are only released when conditions are met ā no custodians involved.
Non-Cooperative Scenarios:
If a borrower defaults or a lender fails to provide funds, Lendasat has built-in protections like timeouts and oracle-based liquidation.
This ensures fair and automated outcomes for both parties in volatile markets.
Read the whole article: https://medium.com/lendasat/a-deep-dive-into-escrow-less-bitcoin-collateralized-lending-f7acba3b60be
quoting note19wvā¦dd7z1/7 ) We're proud to release a new whitepaper on Escrow-Less #Bitcoin-Collateralized #Lending!
Our protocol uses Discreet Log Contracts (DLCs) and Hash Time Lock Contracts (HTLCs) to create a trustless, peer-to-peer lending system. š§µā
Read the paper: http://whitepaper.lendasat.com/lendasat-whitepaper.pdf
2/7 ) Our architecture is designed to empower users to borrow against their Bitcoin without giving up control.
We believe this is a crucial step towards a more decentralized, trust-minimized and secure financial ecosystem.
3/7 ) Market research showed that there is a growing need for p2p, trustless lending solutions.
Users want more control over their assets and more flexibility in their lending options.
Our protocol addresses these needs and more.
4/7 ) While our initial focus was on micro-loans, user interviews indicated that there is a relatively small demand for this type of product.
However, we did identify Ark as a good solution in the context of bitcoin microloans.
5/7 ) We're still intrigued by Ark and its potential, so if there's enough interest from users, we'd be happy to explore it again.
Our Escrow-Less Lending protocol is designed to be flexible and adaptable, so we can always revisit and refine our approach.
6/7 ) We believe that our protocol has the potential to revolutionize the way we borrow and lend with Bitcoin.
We're committed to making it a reality and will continue to iterate and improve it based on your feedback. Let's shape the future of decentralized lending together!
7/7 ) We're eager to hear your thoughts and feedback on this new approach.
Check out our whitepaper and let's discuss!