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  • How does 8lends work?

    8lends is connecting investors like you to borrowers, cutting out the middlemen and unnecessary fees. Here’s how it works:

    1. Borrowers apply for funding, backed by real-world assets like property or equipment.
    2. Our platform evaluates their financial health and collateral using a rigorous 40-point verification process.
    3. You choose projects to invest in based on your goals, starting with as little as €50.

    Smart contracts ensure every transaction is secure, transparent, and traceable.

  • Which wallets does the dapp support?
    The dapp supports WalletConnect, Metamask, Coinbase, Rainbow, Trust Wallet, Rabby Wallet, 1inch, Phantom, Zerion, c98, Safepal
  • Has the 8lends protocol been audited?
    Yes, by Certik and Cyberscope.
  • How are companies selected for fundraising on the platform?

    Companies on 8lends go through a rigorous selection process. We make sure only the best projects are listed for fundraising. Here’s how it works:

    • Financial health check. We analyze balance sheets, credit history, and financial behavior to ensure stability.
    • Collateral validation. Borrowers must back their loans with tangible assets like property, equipment, or inventory, which are carefully verified.
    • Market viability. We assess the company’s growth potential, industry competitiveness, and business plans.
    • Compliance. All borrowers must meet strict AML, KYC, and GDPR standards.
    • Business credibility. Background checks ensure the company and its leadership have a solid track record.

    Our 40-point verification process ensures that every project is secure, viable, and aligned with our investor’s goals.

  • What is the currency of the loans?
    All loans are in USDC. You can learn more about USDC here.
  • How can I assess whether the Smart Contract which governs how capital moves works?
    The smart contract code is freely accessible and can be found in Github. The 8lends smart contract has additionally been audited by 3rd party providers for security flaws by Certik. You can learn more about the smart contract and 8lends code in the Developer Documentation.
  • What happens if a project doesn’t meet its fundraising goal?
    If a project doesn’t meet its fundraising goal, your investment is fully refunded. At 8lends, we ensure that funds are only deployed once a project is fully funded and ready to move forward. This protects your investment and guarantees that borrowers receive the complete amount they need to execute their projects.
  • Which networks are supported?
    Currently, 8lends is deployed on Base (Ethereum L2). We aim to expand to more networks in the future.
  • Is the APY fixed?
    Yes, the APY is fixed, which provides stable, predictable returns on your funds. Once you choose a project for lending, the APY remains constant throughout your lending period, regardless of market fluctuations.
  • What is 8LENDS token?
    8LENDS is the utility token of 8lends protocol, used for rewarding platform activity and serving as an additional insurance when staked. 8lends holders will also enjoy better terms as they stake more of the token. More details are available in our Token Economy paper.