FAQ
Questions, answered plainly.
Everything people ask before they open an account. If yours is missing, use the contact form and we will answer it and add it here.
01 — General
What is Luindy?
Luindy is a stablecoin wallet built on Solana. You can hold, send and receive USDT and USDC, lend your stablecoins for a fixed annual rate, borrow SOL against them, or apply for a stablecoin loan against assets you own. It is one account for all of it.
Which coins does Luindy support?
Two stablecoins: USDC and USDT, both as SPL tokens on Solana. For borrowing, we also lend SOL against stablecoin collateral. We do not support any other tokens, and we do not plan to become a general-purpose exchange.
Why only stablecoins?
Because that is what most people actually want from crypto: dollars that move like email. Focusing on two well-known stablecoins lets us make sending, earning and borrowing simple, and lets us concentrate our security work on a small surface.
Is Luindy live yet?
Yes. Open an account at app.luindy.com, confirm a few details, and your wallet is ready. Lending is available from Tier 1; borrowing needs identity verification (Tier 2), which is reviewed by a person, usually within 24 hours.
Who can use Luindy?
Anyone aged 18 or over, anywhere in the world. Luindy is available in every country and works the same everywhere. You can look up your country on the supported countries page. Business accounts are planned for the portal.
02 — Wallet
How do I receive USDC or USDT?
Your Luindy account has a Solana address. Share it, or your QR code, with whoever is paying you. Send only USDC or USDT on the Solana network to that address. Funds usually arrive in under a second.
What does it cost to send stablecoins?
Sending to another Luindy user is free and instant. Sending to any other Solana address costs the Solana network fee only, typically a fraction of a cent. Luindy does not add a fee on top.
Can I send USDC from Ethereum or Tron to Luindy?
Not directly. Luindy is Solana-only. If you hold USDC or USDT on another network, use a reputable bridge or exchange to move it to Solana first. Sending tokens on the wrong network can result in permanent loss.
Is there a minimum balance?
No. You can hold any amount, including zero, with no monthly fee.
03 — Lending
How does fixed-rate lending work?
You choose an amount and a term (30, 90, 180 or 365 days). The rate is locked for that term. Your stablecoins fund secured loans to borrowers on Luindy, and the interest they pay is what you earn. At maturity, your principal and interest return to your wallet automatically.
Where does the yield come from?
From borrowers. Every loan on Luindy is secured: SOL loans by stablecoin collateral worth at least twice the loan, asset-backed loans by documented assets and a signed agreement, reviewed by a person. The interest borrowers pay is shared with lenders. We do not chase yield in external protocols, and we do not rehypothecate your funds.
Can I withdraw early?
Yes, after the first 7 days of a term. If you withdraw early, you receive your principal but forfeit the interest accrued for that term.
Is lending on Luindy risk-free?
No lending is risk-free. The main risks are borrower default, operational failure, and stablecoin de-pegging. We reduce these with conservative loan-to-value limits on SOL loans, careful review of asset-backed loans, and regular audits, and we explain each of them on the Lend page and in our risk disclosure.
04 — Borrowing
What can I borrow, and against what?
Two ways. Post USDC or USDT as collateral and borrow SOL instantly, up to 50% of the collateral at a fixed 6.0% APR. Or apply for a USDC or USDT loan against assets you can document, such as gold, or against your project or business; our team reviews the application, agrees terms with you, and pays the loan to your wallet.
What is loan-to-value (LTV)?
LTV is the size of your loan divided by the value of your collateral. If you post 1,000 USDC and borrow $500 of SOL, your LTV is 50%, the maximum you can open at. If SOL rises, your LTV rises. We warn you at 65% and 75%, and at 85% the loan is settled from your collateral. LTV only applies to SOL loans; asset-backed loans have a fixed repayment schedule instead.
What happens if SOL rises after I borrow it?
Your loan-to-value rises. We email you at 65% and again at 75% so you can repay some or all of the SOL. If it reaches 85%, we settle the loan: enough of your stablecoin collateral to cover what you owe plus a 5% fee is kept, and the rest is returned to your wallet.
Can I repay early?
Yes, any time, in full or in part, with no penalty. Interest stops accruing on the amount you repay.
05 — Security
Do I need to set up a wallet myself?
No. Luindy creates a Solana wallet for every account and runs it end to end. You sign in with a passkey or biometrics, and Luindy handles everything on the blockchain for you. There is nothing to store, back up or configure.
Are customer funds segregated?
Yes. Customer stablecoins are held in wallets separate from Luindy's operating funds. Balances are reconciled on-chain, and we publish proof-of-reserves attestations after launch.
Has the platform been audited?
Our smart contracts and wallet infrastructure are audited by independent firms before launch and after any material change. Reports will be linked from the Security page as they are published.
06 — Fees
Are there hidden fees?
No. Everything we charge is on the Fees page: the Solana network fee when you send externally, a 0.25% origination fee on loans, and a 5% settlement fee if a SOL loan reaches 85% loan-to-value. Receiving, holding and lending are free.
Are the rates on this site final?
They are illustrative launch targets. Live rates will be published in the app and may move with market conditions, but once you open a fixed-term position, your rate is locked for that term.
Get started
Open your stablecoin account.
It takes a few minutes. Free to hold, no minimum balance, and your wallet is ready as soon as you confirm a few details.