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0 sats \ 0 replies \ @lendasat OP 29 Nov \ parent \ on: BLACK FRIDAY: Borrow against your Bitcoin for a Virtual Visa - No Fees AGORA
Nope, we're providing a concrete solution to get a debit card while keeping your corn.
This would smell better if it was clear upfront what is the interest rate of the loan, max LTV and liquidation LTV. Just 3 numbers. 1, 2, 3.
Sorry for that, we forgot to add the pic we planned to embed in the article. As we answered to @IamSINGLE above:
For this phase of the closed beta, our lender offers 3 loan options.
Each loan offer has its own collateral requested by the lender. However, you can put more collateral if you want to, or add collateral when the loan is ongoing.
As we go further in the next phase of the beta, and for our public release, rates and tvl will be 100% market driven with lenders in competition.
Your web site should start with those, unless you want to deliberately obfuscate that.
Our website is explaning what we are building and collecting the email for those who are interested to get updates.
For our CLOSED beta, you need to get invite codes from our discord server.
Then, you can have ALL the informations on our FAQ, and from the actual app url.
Ok. You provide loan or you provide card?
We provide the protocol and the platform :) Loans are p2p, and the card is provided by our partner moon.
Loans can be disbursed via Virtual Debit Card💳 OR as $USDC on #Polygon.
What's you Rate of interest? What's the percentage you offer for collateral?
For this phase of the closed beta, our lender offers 3 loan options.
Each loan offer has its own collateral requested by the lender. However, you can put more collateral if you want to, or add collateral when the loan is ongoing.
As we go further in the next phase of the beta, and for our public release, rates and tvl will be 100% market driven with lenders in competition.
What's the guarantee that you won't steal my sats if they rise in value exponentially?
It is not possible for us to steam your sats, check the FAQ for more info on how it works.
Can I add and remove collateral based on price?
Adding collateral is possible. Removing collateral is not yet implemented, but should be possible in the next phases of the beta
For more details, please have a look to our FAQ: https://lendasat.notion.site/Frequently-Asked-Questions-100d2f24d4cf800e83bbca7cff3bb707?pvs=4
We're providing a solution to use bitcoin when it's not possible to spend it.
We're providing a peer-to-peer and safe solution for an existing market need.
We're developing the people's money market.
Thanks for your support
We're unlocking and showcasing the true power of the best form of cash and the best collateral ever invented.
People are already doing that using custodial solution, we're bringing a solution for a trustless execution ;)
We're not giving anything to anyone; we're simply addressing an existing market need (with huge volumes) while making transactions safer and more secure, eliminating trusted third parties and counterparty risk. All of this is made possible by Bitcoin, the best form of programmable cash in the world.
BTW It will actually help a lot of people using custodians not to get scammed!
We're starting with stablecoins since it's the most liquid market right now, but it could expand to whatever in the future.
And for the Bitcoiners who are allergic to stables, I have a feeling they might soon be able to get Visa cards 👀