A Detailed Guide to Trading with 8Lends

Investing isn’t easy. You find yourself considering all these different investment opportunities yet a lack of much of any kind of transparency in the traditional lending systems.

Fortunately, there are savvy stakeholders way ahead of the curve at 8Lends. This reliable P2P crypto crowdlending platform eliminates go-betweens and is fully collateralized by real-world assets. It helps investors earn higher returns with greater transparency and lower entry barriers.

Let’s start with the basics.

What is 8Lends?

8Lends by Maclear is a decentralized crowdlending platform that connects borrowers with investors in a secure and transparent way through the magic of blockchain technology. The site was established to render investing and borrowing easier and more accessible to everyone.

Individuals and businesses borrow from this platform using real-world assets as collateral. On the other hand, investors gain the opportunity to earn passive income by funding these loans.

The site liberates both parties of the delays and high costs often encountered in traditional lending. Everything runs on smart contracts, so the terms are automated and clear. Borrowers complete a comprehensive evaluation to make sure they’re eligible. This includes checking their finances and the value of the assets they offer.

Why Invest With 8Lends?

Investors laud 8Lends as an easy way to spread money across multiple different loans, but the platform offers a whole lot more than that.

Here are some other superb innovations it contributes:

• Automated Investing: 8Lends is built to accomplish your goals. All you have to do is configure your preferences, and the platform will automatically match you with loans that meet your investment objectives.

• Fully Compliant DeFi Lending: The site follows strict AML, KYC, and GDPR standards. It’s one of the few that guarantee a decentralized environment for secure, regulated, and compliant investments.

• High Returns: Investors report higher returns owing to the fact that the platform minimizes transaction fees. You’ll easily outperform traditional investments with the lower costs you’ll enjoy.

• Robust Investor Protection: Investors enjoy advanced security systems comprising full insurance. Your investments will be safe from potential borrower defaults.

• Flexible Entry Requirements: 8Lends offers one of the lowest entry thresholds out there. Anyone can start investing.

How 8Lends Works

The mechanics behind 8Lends are simple. The platform simply connects investors directly with borrowers by eliminating intermediaries and unnecessary fees.

Here’s the process:

1. Borrowers apply for funding by offering real-world assets like property or equipment as collateral.
2. The platform carefully checks their financial health and collateral value using a thorough 40-point verification process.
3. As an investor, you can choose projects to invest in based on your goals. You can start with as little as €100.

Each investment follows smart contracts. This renders every transaction secure, transparent, and traceable.

Key Features of 8Lends

8Lends has achieved remarkable success since its initial launch. The platform boasts a growing community of 5,983 investors, with over €17 million funded through its platform. Investors have earned over €979,000 in paid interest. Another noteworthy detail is that 8Lends maintains a perfect record of zero defaults or late loans.

All these have been made possible by the following features:

Decentralization

Intermediaries are often accompanied with the challenge of high fees and lengthy processing times. Similarly, traditional systems operate with limited visibility into loan terms and transactions. 8Lends transcends these bottlenecks with its robust decentralization capabilities. The platform uses blockchain to keep transactions traceable and tamper-proof. Investors and borrowers can see what’s happening at every step.

Huge return potential

8Lends offers a huge return potential by giving investors access to Swiss-regulated, direct business investments. Interest rates go up to 19.5%. Plus, the site cuts out banks and middlemen, so transaction costs are low.

Asset-backed investment

All 8Lends borrowers must offer something valuable as collateral. The items range from land to equipment. You’ll always rest assured that your money is protected.

40-point due diligence

The 8Lends team checks the borrower’s financial background, asset details, and project plans before a loan is listed. This process follows a four-point structure that only considers strong and safe opportunities. It lowers the risk for everyone involved.

Low entry threshold

8Lends makes it easy for small investors to start funding loans and building their portfolios with a low entry threshold of just €100. It also offers insurance options to protect against borrower defaults.

Fully Compliant DeFi lending

8Lends ensures a safe and legal trading environment by following full compliance with Anti-Money Laundering, Know Your Customer, and GDPR standards. The platform verifies all users, protects data, and provides strict guidelines for transactions. This approach has enabled the brand to earn the trust of borrowers and investors.

Rewards For Deposits

Most similar platforms only grant financial incentives based on the interest earned, but 8Lends wants you to optimize your earnings. The platform offers a bonus program that rewards you on every deposit. This referral program grants a 10% instant bonus every time a friend you invite makes a deposit.

Top Shelf Security

Your safety is a huge priority for 8Lends. The platform follows strict Swiss-grade compliance rules and has been verified and audited by trusted firms like Grant Thornton AG, Certik, and Cyberscope.

To add a further layer of protection for your investments, 8Lends has an insurance fund. Every transaction on the platform is fully transparent, with clear steps and built-in insurance protocols. The site’s full blockchain integration allows you to track your investments anytime you want.

How To Invest with 8Lends

Here’s a step-by-step guide to help you start trading with 8Lends:

1. Create an Account: Everything happens in your user account, so begin by signing up on the 8Lends platform. A user account grants full access to browse the ongoing projects, and you can use it to make investments and manage your portfolio.
2. Connect Your Wallet: The next step is to securely link your digital wallet to the platform. Fortunately, 8Lends offers limitless options. Supported wallets include MetaMask, Trust Wallet, and Coinbase Wallet, ensuring smooth and safe transactions.
3. Browse Investment Opportunities: Explore the variety of projects listed on the platform. Each one includes important details about the borrower, the type of collateral, expected returns, and risk levels. These are sufficient insights to be able to make an informed decision.
4. Choose a Project That Fits Your Goals: You now have an idea of the opportunities available, so you’ll be able to pick a project that matches your investment plans and comfort level. You can get started easily with a low minimum investment and scale as you go.
5. Invest Using Smart Contracts: Once you choose a project, your investment is handled through a smart contract. 8Lends uses this approach to keep every step secure, transparent, and fully automated.
6. Track Your Investment: After investing, monitor the performance of your portfolio through your dashboard. This step lets you track its performance and make adjustments to maximize returns. It also helps you stay informed about any updates to the project. Notably, you can always reach out to the 8Lends support team whenever you feel stuck.

FAQs

[Q1]Which wallets does the 8Lends DApp support?[/Q1] [A1]Inventors can transact on the 8Lends decentralized app via a variety of payment options. The primary ones include WalletConnect, Coinbase, Metamask, Rainbow, Rabby Wallet, Trust Wallet, 1inch, c98, Zerion, and Safepal. [/A1] [Q2]Has the 8Lends protocol been audited?[/Q2] [A2]Absolutely. 8Lends is committed to compliance, and every operation aligns with top industry standards. The protocol has been fully audited by Certik and Cyberscope to ensure reliability and investor protection. [/A2] [Q3]What is the currency of the loans?[/Q3] [A3]All loans on 8Lends are issued in USDC, a stablecoin tied to the U.S. dollar. This currency runs on blockchain, so the transactions are faster, cheaper, and more flexible than traditional banking systems.[/A3] [Q4]How are companies selected for fundraising on the platform?[/Q4] [A4]Companies on 8Lends must pass a strict 40-point verification process. This includes checks on financial health, collateral, market potential, and compliance. Only credible, secure, and investor-aligned projects get fundraising approval on the platform. [/A4]

Start Your Investment Journey Today

8Lends is the perfect investment opportunity for those seeking a secure, high-yield investment option with full transparency. The platform stands out for its strong compliance standards, asset-backed loans, and smart use of blockchain. You get the tools and features to help you confidently grow your money.

Embarking on your journey to reliable profits is easy. Simply sign up on the platform to unlock the exclusive benefits. You’ll then be able to choose from a list of verified and profitable business projects, invest, and earn returns. On top of that, you’ll get the opportunity to earn loyalty rewards along the way.

If the project has piqued your interest, don’t hesitate. Get started today.