𝕳𝖊ï𝖒𝖊𝖗

A dashboard shows the numbers. On-chain data gives you another way to verify them. 🔗 One thing I look at when researching a lending protocol is the settlement infrastructure. According to @eightlends, its lending transactions use Base, an Ethereum Layer 2 network. Here's what I'd check when reviewing an investment: 🔹 Investment transaction — Was the transaction confirmed on-chain? 🔹 Smart contract interaction — Which contract handled the transaction? 🔹 USDC movement — Does the transaction match the amount I intended to invest? 🔹 Repayment and claims — Can I identify the relevant transactions when funds become available? 8lends also states that its protocol has been audited by CertiK and Cyberscope. These are useful verification points, but an audit or a public transaction does not prove that a borrower will repay its loan. On-chain transparency helps me verify activity. Credit analysis helps me assess lending risk. Both matter. app.8lends.io/en?referral=7G… #8lends #Base #Onchain #RWA

$5 giveaway drop addys