Lantern Finance Launches Loans Backed by Hyperliquid, Canton and Avalanche
Lantern Finance now supports three additional crypto assets as loan collateral. Starting today, you can borrow against Hyperliquid (HYPE), Canton Coin (CC), and Avalanche (AVAX).
By Lantern Finance
If you hold one of these assets, you can now borrow against it to access liquidity without selling your position. All three are available at up to 33% loan-to-value (LTV), with the same security and protection you expect from Lantern.
Loan Terms
Hyperliquid (HYPE)
Up to 33% LTV
13% annual interest + 2% upfront fee
Canton Coin (CC)
Up to 33% LTV
13% annual interest + 2% upfront fee
Avalanche (AVAX)
Up to 33% LTV
13% annual interest + 2% upfront fee
Loans are 12-month terms with interest-only monthly payments. You can prepay any portion at any time with no early repayment penalty. Borrow from $1,000 up to $10,000,000
Terms and conditions apply. Loan availability is subject to eligibility and your loan agreement. The 2% upfront fee is separate from the annual interest rate.
Same Lantern Protection
These new assets come with the same infrastructure that has kept our borrowers safe:
BitGo cold storage: Your collateral sits in institutional-grade custody with $250M insurance coverage.
72-hour grace period: If you hit a margin call, you get three full days to add collateral or pay down your loan.
No liquidation fees: We don't profit from your bad days. Our revenue comes from interest payments, not from liquidating your positions.
These loans follow Lantern's standard margin call and liquidation policy. Margin calls happen at 65% LTV, and liquidation happens at 75% LTV after the 72-hour grace period expires.
Why 33% LTV
Loan-to-value compares the amount you borrow with the value of the crypto backing your loan. At 33% LTV, your collateral would need to drop roughly 50% before reaching margin call territory at the 65% LTV threshold.
For example, $10,000 of qualifying collateral could support a loan of up to $3,300 before fees. If the value of your collateral falls, your LTV rises.
We set conservative ratios because we've seen what happens when platforms push borrowers too close to the edge. During October 2025's flash crash, $19 billion in leveraged positions got liquidated across the industry.
Every single Lantern borrower kept their crypto.
Learn more: $19 billion in crypto liquidations, zero at Lantern
How It Works
Start a Lantern loan application and choose HYPE, CC, or AVAX as collateral.
Review your loan amount, the 13% annual interest rate, the 2% upfront fee, and your loan agreement.
Deposit your collateral using the asset and network instructions in your application.
Receive up to 33% of your collateral's value in USD or USDC.
Make interest-only monthly payments according to your loan agreement.
Repay your loan, and your collateral is released back to you.
Your collateral stays in BitGo custody the entire time.
Same-day funding to banks is available for applications submitted before 3 PM ET on weekdays. With USDC, your funds can also arrive on nights and weekends.
Calculate Your Loan
Want to see your numbers?
Get Started
Ready to borrow against HYPE, CC, or AVAX? Open your Lantern dashboard, call or text us at (415) 365-0100, or email us at [email protected]
