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.

ETH-0.86%
BTC-0.56%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt