How LendaSat Raised Pre-Seed Capital
LendaSat just closed a pre-seed round from Fulgur Ventures, Initial Capital, and Ark Labs. Here's what they built: You hold Bitcoin and need cash. Your options? Sell and get taxed. Or hand your keys to some centralized platform and hope they don't pull a Celsius on you. LendaSat killed that tradeoff. You put up BTC as collateral, borrow stablecoins, and keep your own keys the entire time. Multisig handles the trust. Not a company. They also built Lendaswap. Atomic swaps between BTC and stablecoins across chains. No bridges. No wrapped tokens. The trade either happens completely or not at all. Here's the smart part: they built Lendaswap on top of Ark Labs' Arkade protocol instead of rolling their own infra. Ark Labs liked it so much, they became an investor. When your tech partner puts their own money in, that tells you something. But the real signal? Traction. They didn't show up with a whitepaper and a dream. 1,000+ users. Over $1M in loans processed. They proved demand before asking for a dollar. If you're building and thinking about raising, this is the playbook. Don't invent a new blockchain. Take existing infra, solve a real pain point, and ship something that works. Then talk to investors who already bet on your thesis. That's why the money flowed. source: https://x.com/lendasat/status/2033826720252399674