🏆 ¡Felicidades, España!

The FIFA World Cup 2026 is over, so as our giveaway! Our final winner is:

🤩 @k1ss3sx08 with a bet on Spain: https://x.com/k1ss3sx08/status/2077991591088882169

Thank you to everyone who took part in this event! We've learned a lot from it, so we'll make the rules for our future giveaways clearer.

Thanks, @FIFAWorldCup, for this amazing journey. It was awesome!

🤩 But our journey continues, and we'll be sharing some interesting news with all of you this week.

Stay tuned!

We answered your questions about MiCA

We've received a lot of questions about MiCA lately, so we decided to answer the most common ones in one place.

Here are the answers 👇

🔘 Question #1: Basically you (8lends) are saying that 8lends, as it is today, never needed to comply with MiCA regulations.
Why not state that weeks ago? Redeeming and selling tokens, the Limited buy of tokens also remain available?

✅ Yes. Under our current structure, 8lends isn't required to hold a MiCA authorization.

Users can continue to buy, sell, redeem, and use their tokens as usual. The only requirements are our standard KYC/AML checks and any local legal restrictions that may apply in a user's country.

If our products or services change in the future and MiCA becomes relevant to what we do, we'll adjust our structure and obtain any licenses that are required.

🔘 Question #2: Have you had your solution validated by a legal firm specializing in MiCA, and not just by your internal legal team?
If so, we would need a small piece of proof confirming this. If not, it would mean that your setup could be dismantled in a matter of seconds by ESMA or other local financial authorities, forcing you to shut down within days or weeks (a bit like Ventus Energy / BaFin, even if it is not the same issue).

✅ Yes. We've worked with external legal consultants who specialize in crypto regulation and MiCA. They reviewed our structure and our regulatory position.

Based on that review, we're confident that our current setup complies with the regulations that apply to us today. Where possible, we can also provide written confirmation that this external legal review was carried out.

We continue to monitor new regulations and update our legal framework whenever necessary.

🔘 Question #3: We understand that ECSP regulates euro crowdlending. But MiCA regulates any 'crypto-asset service' in the EU. If the loans, collateral, or returns pass through USDT, USDC, or any crypto at any point, which entity with a MiCA CASP license is the one that custodies, exchanges, or transfers those crypto-assets for EU clients?

✅ EU users may access 8lends where it is legally permitted, but that doesn't automatically mean 8lends provides MiCA-regulated crypto services in the EU.

Under our current structure, 8lends does not act as a MiCA-regulated CASP for EU users and does not provide custody, exchange, or transfer services in the EU.

Any interaction with crypto-assets takes place within our existing legal framework, including KYC/AML controls, jurisdictional restrictions, and the applicable provisions of MiCA.

As a result, no 8lends entity currently holds a MiCA CASP authorization because our current structure doesn't require one.

If our operations change in the future and a MiCA authorization becomes necessary, we'll either obtain the required authorization ourselves, work with a licensed provider, or limit the relevant functionality where needed.

🔘 Question #4: You say Alpha Systems LLC only provides software. So which legal entity then receives crypto from EU investors, converts it to fiat to pay the originator, and converts it back to pay interest? Does that entity hold a MiCA CASP license or a FINTRAC MSB license? Please provide the registration number.

✅ Alpha Systems LLC acts only as a technology and software provider. It does not receive, hold, exchange, or transfer user funds or crypto-assets.

Crypto-related payment processing and settlement are handled by CLEARCHAIN CORP, which is registered in Canada as a Money Services Business (MSB) with FINTRAC.

FINTRAC MSB Registration Number: C100001102

CLEARCHAIN CORP does not hold a MiCA CASP authorization because, under the current structure, it is not required to.

🔘 Question #5: Does the company hold any licenses or approvals under the MiCA framework in the European Union? Or does it plan to apply for such licenses/approvals in the future? Does the company have any regulatory approvals that can protect European investors?

✅ No. The company does not currently hold a MiCA CASP authorization in the European Union, and under our current model we are not required to have one.

That said, obtaining a CASP authorization is part of our long-term regulatory roadmap. The goal is not to solve a current requirement, but to support future expansion, broader services, and a stronger regulated framework for users.

The timing and jurisdiction of any application will depend on our stage of development and regulatory assessment at that time.

Until then, we continue to operate under our existing compliance framework, including KYC/AML procedures, jurisdictional restrictions, external legal review, and current regulatory registrations.

🔘 Question #6: What protection mechanisms are in place to safeguard investors’ funds in the event of insolvency of the platform or Alpha Systems LLC? Is there any separation between clients’ funds and the company’s operating capital?

✅ Yes. Alpha Systems LLC does not hold or control investor funds or crypto-assets.

Our legal and operational structure is designed to keep investor-related funds separate from the company's operating capital. Investor funds are not used to pay company expenses.

Investor-related transactions, balances, and flows are tracked separately through accounting, monitoring, and reconciliation procedures to ensure they remain distinct from company funds.

🔘 Question #7: What effective oversight does the Financial Services Authority of Saint Vincent and the Grenadines exercise over the activities of this platform? What real recourse would a European investor have to pursue in that jurisdiction in case of a dispute?

✅ The Financial Services Authority of Saint Vincent and the Grenadines has authority only within its legal scope.

Crypto-related payment processing is handled through CLEARCHAIN CORP in Canada, which is registered with FINTRAC as a Money Services Business.

The Canadian MSB framework includes AML and compliance obligations such as client identification, record keeping, transaction monitoring, and reporting.

Investor protections are supported through the platform's contractual framework and the regulated payment-processing structure used for the relevant transactions.

In case of a dispute, investors can use the platform's complaint procedure and pursue contractual remedies under the applicable terms. Matters related to payment processing, AML, or suspicious transactions may also be reported to the relevant Canadian authorities.

🔘 Question #8: Beyond regulatory considerations, I’d like to understand the platform’s contingency plans for situations where there’s a liquidity crunch (for example, simultaneous defaults on multiple projects, mass withdrawals by investors, or operational issues). Are there any mechanisms in place—such as reserves, backup funding sources, or prioritized withdrawal procedures—to ensure that investors can retrieve their capital under such circumstances, beyond what’s available through the secondary market, where prices are typically 10% lower?

✅ 8lends is not a demand-deposit product and does not guarantee instant withdrawals regardless of project performance.

Investor capital is allocated to specific projects, so liquidity depends on project repayments and, where applicable, demand on the secondary market.

We maintain contingency procedures for stress situations, including enhanced project monitoring, early identification of repayment issues, borrower communication, restructuring efforts, recovery actions, transaction reconciliation, and controlled processing of investor-related transactions.

We also maintain operational continuity procedures to ensure that investor balances, records, and project positions remain accurately tracked in the event of technical or payment-processing disruptions.

If multiple defaults or broader liquidity stress occur at the same time, we would manage the situation project by project, focusing on transparent communication, orderly recovery processes, and equal treatment of investors within the same project category.

If you still have any questions after reading this, drop them in the comments under this post.

How BlackRock is changing the market

On March 20, 2024, BlackRock launched the BUIDL fund—the first tokenized fund issued by the world's largest asset manager on a public blockchain.

It was the first clear signal that something is changing.

✨ Today, BUIDL manages over $2.2 billion in assets across six blockchains, making it one of the two largest tokenized U.S. Treasury products alongside Circle's USYC.

✨ The RWA market has already grown to over $31 billion, surpassing the total TVL of decentralized exchanges for the first time.

BlackRock CEO Larry Fink even compared tokenization to the early days of the internet:

Tokenization is at a stage similar to the internet in 1996, and while this technology is still in its formative stage, it has the potential to fundamentally reshape the way global markets operate.

But things aren't as good as they may seem at first glance.

BUIDL offers 3–5% APY, while the minimum investment is $5,000,000, making it available only to institutional investors.

🤩 We work a similar way by combining real-world assets, cash flow, and blockchain infrastructure. The difference is that the minimum investment starts at just 100 USDC, while the expected return ranges from 19 to 25% APR instead of 3–5% APY.

BlackRock leads the way. We make it accessible.

¡Un podcast para nuestros inversores en España!

We've just published our podcast entirely in Spanish! We discussed:

🔘 Why you don't have to choose between holding and living when crypto-backed lending exists;
🔘 How Bitcoin, Ethereum, and other major cryptocurrencies can be used as collateral depending on your risk profile and market conditions;
🔘 Whether the crypto market is becoming a structured financial system or remains speculative;
🔘 Where smart money is heading now;
🔘 Sectors and narratives the market is still underestimating;
🔘 The biggest risks for investors in 2026, inflation, Bitcoin vs. gold, the sustainability of the AI boom, and the most common investor mistakes.

Since Spain won the FIFA World Cup, why not celebrate with a podcast in Spanish?

¡Disfrútalo! 🤩

https://www.youtube.com/watch?v=6gw-YV5WSmw

How much can you earn with P2P lending in Europe in 2026?

Platforms usually offer 10–16% per annum, but the actual net return after defaults, fees, and taxes varies a lot. For a well-diversified portfolio across 3–4 MiFID II platforms, a realistic return would be around 8–12% per annum. The 14–16%+ yields offered by newer platforms are usually a risk premium that will sooner or later show up as higher defaults.

Let’s break down the math 👇

🔘 Variable 1. The gap between advertised and actual returns

European P2P/P2B platforms usually offer anywhere from 6.75% (Bondora Go & Grow) to 14–16% (high-risk, unlicensed platforms). The market average for MiFID II platforms is around 10–12%.

According to global market data, the average net return is around 6.5% per annum.

🔘 Variable 2. Defaults are the main killer of profitability

The global default rate for P2P/P2B loans is around 4.5%, although for European platforms it is significantly lower: 2–8%, depending on the loan type and platform quality. On American platforms, it has historically been higher, around 14–17%. Meanwhile, the recovery rate in the global market is 40–60%.

🔘 Variable 3. Platform fees

A 1% annual commission on a portfolio yielding 8% equals 12.5% of the total return earned each year. Over 10 years, this fee can cost tens of thousands of euros because of lost compounding.

Since May 2025, Mintos has charged 0.29% per annum for Custom Loan Portfolios. High-Yield Bond Portfolios will be charged 0.39% per annum from January 1, 2026. This isn't much, but it's a constant drag on your returns.

🔘 Variable 4. Taxes

Taxation of P2P income varies across EU countries. In Germany, it's 26.375% (Abgeltungsteuer + Solidaritätszuschlag) on investment income. In Portugal, it's 28% on interest. In Estonia, it's 22%, with the option to defer taxes through an investment account while the funds remain invested through ECSP platforms. An extreme case is Ireland, where the effective tax rate reaches 52%, and default losses are not deductible from interest income. For example, if an investor earned €1,000 in interest but lost €600 to defaults, taxes are still levied on the full €1,000. In a bad year, the effective tax rate on actual profits can exceed 100%.

With a high tax rate of 35%, a stated return of 15% turns into a net return of 5.85% after defaults and taxes. This is the worst-case tax scenario. For a European investor with a tax rate of 20–26% and the ability to offset default losses, the net return is higher.

So, the stated return is just one number. After defaults, it's usually 2–4 percentage points lower. Fees and cash drag reduce it by another 1–2 percentage points. After taxes, the final result depends on where you live: from 22% in Estonia to 52% in Ireland.

If you'd like a more detailed breakdown, read our full article on Medium:

medium.com/@8lends/how-much-can-you-earn-with-p2p-lending-in-europe-in-2026-2b393d449b81

🤩 CRYPTO LENDING IS FINALLY LIVE!

After a successful beta test, we're finally opening Crypto Lending to everyone!

The core idea in a nutshell: you deposit USDC into a lending pool. Borrowers take out loans by locking up Bitcoin as collateral worth more than the loan itself, and you earn interest on every active loan.

How does it work?

🔘 Deposit USDC into a lending pool (minimum deposit: 1 USDC).
🔘 Borrowers lock up BTC or ETH as collateral worth more than the amount they borrow.
🔘 While the loan is active, you earn interest.
🔘 Withdraw your deposit together with the interest whenever liquidity is available.

❗️ The more USDC borrowed from a pool, the higher the demand. Higher demand generally leads to higher yields for lenders.

How do we protect lenders?

To borrow 80 USDC, a borrower must lock up approximately 100 USDC worth of Bitcoin as collateral. That extra 20% is a safety buffer in case Bitcoin dumps.

If the value of the collateral (Bitcoin) drops below a certain threshold, the collateral is automatically liquidated before it can fall below the loan amount. This returns USDC to the lending pool first and helps protect lenders.

The interest you earn is yours to keep—you can withdraw it, reinvest it into another lending pool, or invest it in real businesses on 8lends.

What are the risks?

🔘 The interest rate isn't fixed. It changes depending on borrowing demand. You always see the current rate in real time before depositing.

🔘 Bitcoin's price can dump sharply. That's why every loan is overcollateralized. If the collateral value drops too much, it's automatically liquidated before the loan becomes undercollateralized.

🔘 Withdrawals may occasionally take longer than usual. If most of a pool's liquidity has already been borrowed, you'll need to wait until borrowers repay their loans or new liquidity enters the pool.

🔘 Smart contract risk. Like any DeFi protocol, there's always a possibility of a bug in the smart contract code. The contracts are open on Base and can be audited by anyone, though. Each lending pool is isolated, so funds from different pools never mix.

❗️ Crypto and DeFi always involve risk. Returns aren't guaranteed and may change over time. This post is an explanation of how the product works, not investment advice. Always do your own research before investing.

Go and see how it works 👇

app.8lends.io/lend

😉 Did you see the new feature yet?

Thanks to your boosts, we've upgraded our Telegram channel to Level 4, so everyone can now read our posts in their native language.

Telegram automatically translates everything for you.

🤩 Share your thoughts on it in your language under this post!

🤯 What if 8lends shuts down?

We're sure some of you have already thought about it but never said it out loud. So let us say it for you.

If 8lends shuts down:

🔘 Your investments are protected by Maclear AG

Maclear AG is an independent Swiss company, a member of the self-regulatory organization PolyReg, and has undergone an AML audit by Grant Thornton AG. Swiss financial regulation is among the strictest in the world. As a company operating under this regulatory framework, Maclear AG can't just disappear.

As our Collateral Agent, Maclear AG legally holds the collateral rights for each borrower on behalf of investors, not on behalf of 8lends.

If 8lends shuts down, Maclear AG continues to operate as usual. Borrowers continue making their scheduled payments. In the event of a default, Maclear AG sells the collateral and returns the funds to investors. This is a legal obligation of an independent party under Swiss law.

So your legal right to repayment from a borrower can't just disappear.

🔘 Your money is on the blockchain, and 8lends doesn't hold it

The platform operator is Alpha Systems LLC, registered in St. Vincent as a VASP under the supervision of the FSA. It is a regulated entity licensed to work with virtual assets.

On top of that, every transaction is recorded on the Base blockchain, and our smart contract executes everything automatically, without any manual intervention.

That means even if the 8lends interface disappeared tomorrow, your funds would remain in the smart contracts, verifiable on Basescan.org, while Alpha Systems LLC would remain responsible for its obligations under the platform.

Your wallet's private keys belong only to you. We physically cannot access or dispose of your funds in any way other than what's defined by the smart contracts.

As H. P. Lovecraft once said:

The oldest and strongest emotion of mankind is fear, and the oldest and strongest kind of fear is fear of the unknown.

But once you understand how everything works, there's nothing to be afraid of.

8lends was designed to protect your money, and it'll keep doing so.

❗️ The middle class is disappearing!

The middle class is usually defined as households earning between two-thirds and twice the national median income.

For example, in the US, that's roughly $56,000 to $170,000. In Germany, it's about €30,000 to €90,000.

And it's not just income — 59% of Americans can't even cover a $1,000 emergency without taking a loan.

In 1971, more than 60% of Americans belonged to the middle class.

📉 Today, that share has fallen to 50%!

If you want a more detailed breakdown of what's happening, watch our new video on YouTube:

https://youtu.be/hRWuPO47lPE

17 Months of 8lends! 🤩

We hope you're all having a great summer, and if not, we recommend making the most of it because it's already August, the last month of summer!

As for us, we've had a great summer so far, and the numbers prove it:

From July 1 to August 3:

🔘 Raised: $1,875,561
🔘 Total investors: 2,459
🔘 Funded loans: $17,652,815
🔘 Loans repaid: $7,021,430

We thank you for your support and for staying with us. We're doing our best to keep everything as transparent as possible.

That's why we'll also share a PDF report on Wednesday with a full breakdown of everything that happened this month, including all the numbers and details.

Until then, have a great August!

We added a native deposit wallet to our platform!

We've eliminated gas fee headaches for newcomers while making one-click cross-chain swaps available to every type of wallet.

We've added the following features:

🔘 Native deposit wallet. This is a built-in alternative to MetaMask. It eliminates the need to manually manage or pay gas fees. If you're a new user, you can fund it right from centralized exchanges (CEXs), external wallets, and more.

This is available for all registration methods except WalletConnect.

🔘 Cross-chain bridging & swapping. This feature lets you swap crypto across different blockchains right in the interface (e.g., swap USDT on Tron for USDC on Base) for a small fee.

This feature is currently available only to users who created the new Privy deposit wallet. It will also become available to users who connected their own external wallets (e.g., MetaMask or Trust Wallet) this Thursday.

These features are secured by Privy, our licensed custody provider.

🤩 Did this update make your life easier? If so, leave a reaction under this post!

🤩 8lends Monthly Report for July

As promised, we're sending it to you, and we hope you find some interesting things in it.

Enjoy!

You can finally invest with fiat!

✅ We've added another cool feature: you can now add funds to your wallet on 8lends with fiat, without needing to buy USDC on a crypto exchange first.

For now, it's only available to those who use the Privy deposit wallet. It's created automatically when you sign up with email, Google, or Maclear.

✨ The provider of fiat deposits is MoonPay. It's a licensed platform in Europe with a CASP license for crypto-to-fiat transactions.

Before your first fiat deposit, you'll need to complete KYC on MoonPay. This is separate from the KYC verification you complete on 8lends.

To do that, you'll need to provide:

🔘 Proof of identity with your ID card or passport.
🔘 Proof of address with a utility bill or a bank statement.
🔘 Phone number verification via SMS.

Payments are accepted by bank card, provided the name on the card matches the personal information you submitted during your MoonPay KYC.

MoonPay isn't available worldwide. It only operates in certain countries. You can find the list here: support.moonpay.com/en/articles/380968

💸 The service fee is 5%. With the returns you earn on 8lends, it can pay for itself quickly.

🤩 Important: MoonPay is an independent service provider. It's neither part of 8lends nor Maclear. So, if you have any questions about deposits or transactions, please contact its support team: www.moonpay.com/contact-us

This is our first-ever fiat funding option. We'll keep looking for more options, but for now, this is the only one available.

If you love the steps we're taking, show us some ❤️ under this post!

We've changed the first investment bonus.

From now on, we reward our new investors with USDC vouchers instead of sending the bonus to their wallet immediately after the first investment.

Here's how it works now:

A user can see the voucher after signing up on 8lends, but it remains locked until they complete KYC and make an investment. It can only be used with a new investment of at least 100 USDC within 30 days after signing up.

The bonus is paid out together with the principal on that investment once it is repaid.

Why did we move to vouchers?

Because this approach encourages new investors to keep investing instead of claiming a bonus for a single quick action and then leaving the platform.

What bonuses do we issue as vouchers now?

🔘 Welcome Bonus (30 USDC) for completing KYC and making an investment.
🔘 Maclear Transfer Bonus (20 USDC) for transferring your KYC verification from Maclear to 8lends.

You can't use both vouchers for the same investment. But you can use them for two different investments. For example:

Investment #1: You invest 100 USDC and apply the Welcome Bonus voucher.
Investment #2: You invest 100 USDC and apply the Maclear Transfer Bonus voucher.

❗️ If you sell the investment linked to an activated voucher on the Secondary Market before it reaches maturity, that voucher expires automatically. You'll then receive a new voucher for the same amount with a new 30-day expiration period starting from the reissue date.

So, do you love the move to vouchers? 👇

The global P2P lending market is projected to reach ~$250 billion by 2032.

The P2P and P2B lending market has grown from a niche concept into a significant independent industry. However, estimating its size is still difficult, so figures vary widely across different reports. Some estimate the market at ~$7.29 billion (counting only P2P platforms), while broader definitions place it at ~$176.5 billion.

✨ Tokenized Treasuries represent the largest segment (excluding stablecoins), accounting for more than $11.5 billion, although the exact number differs across research firms.

According to RWA.xyz, the total value of tokenized real-world assets was approximately $10 billion in early January 2025. Today, it's already ~$38 billion.

💎 What about private credit?

According to Cointelegraph, private credit accounts for 53%–58% of the tokenized RWA market, making it the largest category. Data from RedStone's 2025 RWA Report, produced in collaboration with Gauntlet and RWA.xyz, shows that as of mid-2025, private credit represented $14 billion of the $24 billion tokenized RWA market.

However, other research estimates the private credit market at ~$2.29 Billion.

Well, why do people even care about private credit? Because of yield. Lending protocols usually offer 8%–15% APY, compared to 3.5%–5% for tokenized government bonds. Private credit funds usually target an 8%–12% IRR after fees and expected credit losses, while subordinated debt strategies can reach 12%–15%.

Forecasts also vary significantly. McKinsey's base case projects a ~$2 trillion tokenized asset market (with a range of $1–$4 trillion), while BCG originally projected $16.1 trillion before revising its forecast to $9.4 trillion by 2030 in its April 2025 report with Ripple.

🤯 As you can see, one of the biggest issues with RWAs is that the market is largely closed and permissioned. That's one reason estimates vary so much and the market has yet to go mainstream.

So, we're still in the building stage. But this is not a problem:

fifteen years ago, hardly anyone knew about Bitcoin.

The difference between crypto lending & yield farming

Some of you may already know what yield farming means. This is one of the most popular ways to earn in crypto. At first glance, all you need to do is put your stablecoins into a pool and enjoy your APY.

🍉🍈 But how does it actually work? To explain it, we'll need some watermelons and melons first:

Just imagine someone wants to swap their watermelons for melons. They go to the shop (an exchange or DEX), and the shop needs to have melons in stock to make the swap. But who provides the melons? The people who already put their melons into the liquidity pool: you.

Now imagine you provided 10 melons worth $50 in total, and the price of one melon goes up by $1. Does that mean your position is now worth $60? Wrong.

❗️ In a liquidity pool, the assets are getting rebalanced as people trade. So when the price of one asset changes relative to the other, the amount of each token in your position can change too. This can lead to impermanent loss compared with just holding the two assets.

And you're not the only liquidity provider. There can be many of you. The more liquidity a pool has relative to the trading activity, the smaller your share of the fees may be. APYs can vary significantly depending on the pool, protocol, token pair, trading volume, incentives, and market conditions.

And don't forget about the risk of the smart contract itself, as well as the risk associated with the assets you're depositing.

⚖️ APY for yield farming usually ranges from 3% to 7%.

🚩 Our crypto lending works in a somewhat similar way, but with a different collateral structure. You provide USDC to the lending pool, and the person borrowing your USDC provides BTC or ETH as collateral. The collateral is worth more than the amount they borrow.

⚖️ The LTV is 80%.

APR is floating as well and can rise with increasing demand for loans, so just like with yield farming, it's not fixed.

🔘 The protection of your money: If collateral falls toward the liquidation threshold, the position is automatically closed and the USDC is returned to the pool. Your earned returns remain yours. Everything you earned before that remains yours.

🔘 There's no dependency: Each market is isolated, so a drop in BTC doesn't affect an ETH market. There’s no fixed maturity, and you can withdraw anytime while liquidity is available.

🔘 Returns: APR varies with demand, and profits aren't guaranteed. Overcollateralization and automatic liquidation help reduce the risk of losses.

If you want to dive deeper into it, go ahead: app.8lends.io/lend

Have you tried crypto lending already? Tell us in the comments!

🤩 No more DMs!

From now on, our Telegram Support will be available through one official source — 8lends Channel Direct Messages

🤩 We're doing this to protect you from phishing and other types of scams. Previously, there were a lot of scam accounts copying the avatars and nicknames of our support team. They could easily reach out to our investors, and some people fell for this type of scam.

But now, no one will be able to copy the whole Telegram group just to reach out to you and try to scam you.

Chat access is now available only via the "Apply to Join Group" button, with verification through the bot. There's no longer any need to DM the bot outside the chat.

Also, only the person trying to join the chat can see the welcome and verification messages. Other people already in the chat won't see these messages anymore.

🤩 Remember: If someone DMs you from another account claiming to be 8lends, it's not us.

From now on, please contact us at t.me/eightlends?direct for all inquiries.

Official tax rates of 20–30% are a big lie.

The thing is, we all pay taxes on the same income more than once: when we earn it, when we spend it, and when we invest it.

🇫🇷 For example, France has one of the highest tax wedges on labor among OECD economies, standing at ~47.2% of total labor costs for a single worker earning an average wage with no children.

But some countries still manage to provide their citizens with a great standard of living despite relatively high taxes.

🇩🇰 Denmark has a progressive personal income tax system, with an overall marginal tax burden that can reach roughly the mid-50% range, depending on the taxpayer and circumstances.

Still, Denmark has been one of the world's happiest countries for years. In the 2026 World Happiness Report, Denmark ranks second, right behind Finland.

So how does Denmark manage to pull off this magic trick?

If you're interested, read our latest article on Medium 🤩

medium.com/@8lends/how-governments-cheat-you-on-taxes-and-why-official-data-doesnt-show-it-4749a6783fdd

Struggling with crypto? Try our FREE crypto course!

8lends and Maclear AG have a big crypto course consisting of 2 parts:

🔘 Part #1: Basic crypto course with 7 lessons
🔘 Part #2: Advanced crypto course with 9 lessons

The course is community-driven because every part of it was built based on the questions we received from our investors.

Both courses are available in 9 languages (AI-translated).

On top of that, we have some bonuses for you for completing the courses:

🎁 30 USDC if you received the Welcome Bonus
🎁 30 USDC + 30 USDC voucher if you didn't receive the Welcome Bonus

Click below to see the courses 👇

courses.maclear.ch/courses