8 Steps on 8lends

The User Journey describes how lenders interact with the 8lends platform, from onboarding through exit. Below are the eight essential steps.

1. Registration & Identity Verification (KYC)

  1. Sign Up & KYC – Complete account registration and identity verification.

  2. Access Granted – Upon successful KYC, users can view and invest in available lending pools.

  3. Limits Displayed – Any caps on the number of active pools or maximum exposure are shown in the dashboard.

2. Funding & Balance Management

  1. Deposit Funds – Add USDС to your platform balance.

    • No deposit fee by default.

    • Onramp fees (crypto-fiat) may apply where external providers are used (see Fees).

  2. Withdraw Funds – Withdraw your balance at any time.

    • Withdrawal fees may apply (see Fees).

  3. Balance Updates – Deposits and withdrawals update your dashboard in real time.

3. Allocating to Lending Pools

  1. Pool Selection – Choose one or more active lending pools.

  2. Auto-Invest Option – Enable automatic investments and/or CT-token purchases via our P2P matcher (see CT-Token Market).

  3. Fund Transfer – Allocate desired amount to each pool; limits on pool count or exposure may apply (see Calculation of Deposit Amount)

  4. Early Adopter Bonus – Receive bonus $8lends if you fund a stage before its end date (see Early Adopter Bonus).

  5. Proof of Loan Cashback – Earn $8lends cashback according to Proof of Loan rules (see Proof of Loan):

    • Spendable on priority upgrades until stage success; thereafter, unlockable on-chain;

    • If stage fails, deposited funds return fee-free and PoL rewards are burned.

4. Subordination Priority Selection

  1. Choose Priority – Select High, Middle (default) or Low subordination for your eventual CT-tokens.

    • High: Pay $8lends up-front for lowest risk and yield;

    • Middle: No fee or reward;

    • Low: Farm $8LENDS rewards for highest yield and risk. The earlier you lower your priority, the higher reward you get.

  2. Flexible Allocation – Priority can be set per portion of your investment; mix and match across slices.

5. CT-Token Minting

  1. Stage Success – Once the platform confirms a stage as successful, CT-tokens are minted.

  2. Token Structure – Each CT-token follows the format $CT_<PoolID>_<Nominal>_<Maturity>_<Priority> (see CT-Token).

  3. Entitlements – CT-tokens represent a claim on principal, interest, fees and collateral proceeds.

6. Secondary Market Trading

  1. Sell CT-Tokens – Trade your CT-tokens peer-to-peer within the platform’s automated P2P market.

  2. Transaction Fee – A small fee applies to each secondary sale (see Fees).

  3. Instant Liquidity – Exit positions before maturity with fast, atomic order matching.

7. Loan Repayment & Payouts

  1. Repayment Distribution – Upon borrower repayment, proceeds flow to CT-holders.

  2. Balance Credit – Principal, interest and any cashback/penalties credited instantly to your balance; no manual claims needed.

  3. Default Handling – In default, collateral liquidation proceeds are similarly allocated waterfall-style according to subordination: Low → Middle → High; note that lower-priority holders may incur losses.

8. CT-Token Burn & Pool Closure

  1. Successful Closure – After full repayment of principal, interest and penalties, the lending pool closes and all CT-tokens are burned.

  2. Default Closure – For defaulted pools, closure is decided by 8lends post-liquidation; outstanding CT-tokens are then redeemed or burned accordingly.

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