We're sure some of you have already thought about it but never said it out loud. So let us say it for you.
If 8lends shuts down:
🔘 Your investments are protected by Maclear AG
Maclear AG is an independent Swiss company, a member of the self-regulatory organization PolyReg, and has undergone an AML audit by Grant Thornton AG. Swiss financial regulation is among the strictest in the world. As a company operating under this regulatory framework, Maclear AG can't just disappear.
As our Collateral Agent, Maclear AG legally holds the collateral rights for each borrower on behalf of investors, not on behalf of 8lends.
If 8lends shuts down, Maclear AG continues to operate as usual. Borrowers continue making their scheduled payments. In the event of a default, Maclear AG sells the collateral and returns the funds to investors. This is a legal obligation of an independent party under Swiss law.
So your legal right to repayment from a borrower can't just disappear.
🔘 Your money is on the blockchain, and 8lends doesn't hold it
The platform operator is Alpha Systems LLC, registered in St. Vincent as a VASP under the supervision of the FSA. It is a regulated entity licensed to work with virtual assets.
On top of that, every transaction is recorded on the Base blockchain, and our smart contract executes everything automatically, without any manual intervention.
That means even if the 8lends interface disappeared tomorrow, your funds would remain in the smart contracts, verifiable on Basescan.org, while Alpha Systems LLC would remain responsible for its obligations under the platform.
Your wallet's private keys belong only to you. We physically cannot access or dispose of your funds in any way other than what's defined by the smart contracts.
As H. P. Lovecraft once said:
The oldest and strongest emotion of mankind is fear, and the oldest and strongest kind of fear is fear of the unknown.
But once you understand how everything works, there's nothing to be afraid of.
8lends was designed to protect your money, and it'll keep doing so.