📌 Xitadel will conduct its first LTT with Flash Trade, a Solana-based platform. Xitadel operates like a pawnshop. It holds collateral for the Foundation, and users lend money to the Foundation. If they fail to repay, Xitadel uses the collateral to pay out the principal and interest to the users. Foundation - Deposit collateral - Borrow money - Repay later with interest User - Lending money (stablecoin) - Receive interest Xitadel - Holds collateral - Receives user money and transfers it to the Foundation - If the collateral value declines or is not repaid, the collateral is liquidated. This is the structure. In the first case, Xitadel will borrow money by holding Bitcoin, Ethereum, and Solana as collateral on a futures index called Flash Trade. The first LTT fundraising round will begin tomorrow, and I plan to participate after checking the interest rate. You can see the details here.