In traditional finance, an investor sees only dry figures in reports. You don't know where the money actually is at any given second. At 8lends, we practice the principle of radical openness: we don't ask you to take our word for it; we give you the tools to verify.
In this article, we will break down "without complex words" the technology we run on, how our Smart Contract is structured, and how anyone can check payment history directly on the site.
The Foundation: Why Did We Choose Base?
The entire 8lends platform runs on the Base network. Imagine this as a modern high-speed highway for digital money.
We chose Base for two reasons that matter to you:
- Reliability from a giant: This network was created and is supported by Coinbase—one of the largest public crypto companies in the world, traded on NASDAQ. This is institutional-grade infrastructure.
- Saving your money: In older networks, the fee for a single transfer could reach $10-50. In the Base network, fees are mere cents. This allows for frequent interest payments without losses.
The Role of the Smart Contract: Eliminating Human Error
The heart of our system is the Smart Contract. It is a digital algorithm that executes financial operations strictly according to the rules.
Main principle: The 8lends platform technically does not store money in its own accounts. All transactions go in transit through the smart contract automatically.
The money path looks like this:
- Investor → Contract: You send funds to the secure contract address.
- Contract → Borrower: The algorithm transfers funds to the verified credit institution.
- Borrower → Contract: On payment day, the borrower returns the debt plus interest to the contract.
- Contract → Investor: The algorithm instantly distributes funds to investors' wallets.
Here is the address of our main smart contract. All deals pass through it:
0xf435A133D6cDCb81061F18a4763560f9931DB57D
Public Payment Verification: Instructions
You don't need to be an investor or even register on the site to verify the solvency of borrowers. The entire payment history is publicly available on each project's page.
Here is how to use the interface to conduct your own audit.
Step 1. Find the Payment Table
Go to the page of any active or completed pool. At the bottom, you will see the payment schedule. We will consider all further actions using the Consumer Loans project as an example.
- Date: Planned payment date (e.g., Sep 21, 2025).
- Total: Total payment amount (e.g., 716.50 USDC).
- Status: Paid.
Step 2. Expand Details (Down Arrow)
To the left of the date, there is a small arrow/checkmark (v). Click on it. The list will expand, and you will see a full breakdown—who received money from the total amount and how much.
What's inside:
0x29...414B— 145.36 USDC0x0C...7793— 2.72 USDC
These are the anonymized wallets of real investors. You can see that the total sum of716.50 USDCdidn't disappear but was divided among the pool participants down to the last cent.
Step 3. Proof on the Blockchain (Arrow ↗)
We don't just draw numbers on the website. Every figure is a link to the independent BaseScan registry.
Next to each amount, there is a diagonal arrow (↗).
- Click the arrow next to the Total sum (
716.50 USDC↗) — you will see the transaction where the Borrower sent money to the smart contract.
- Click the arrow next to a private sum (
145.36 USDC↗) — you will see the transaction where the Smart Contract sent profit to a specific investor.
Summary
There is no "black box" in 8lends. Any person from anywhere in the world can visit a project page, expand payment details, and trace the path of money from business to investor via the blockchain. This is the standard of transparency we strive for.