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The encryption lending platform Ledn will terminate its support for Ethereum and interest-earning services, shifting to a Bitcoin collateral lending model.
According to a message from ChainCatcher and reported by The Block, the encryption lending platform Ledn announced that it will terminate support for Ethereum and interest-earning services, fully shifting to a Bitcoin collateral lending model. Starting from July 1, the platform will only offer “custodial Bitcoin lending” services, and customer collateral assets will be fully custodied by Ledn or its partner institutions. Ledn will add Ethereum collateral lending services in February 2024, and this adjustment means that both BTC and ETH “growth accounts” will be closed simultaneously.