Lantern vs Figure
Figure is a solid product. Lantern goes further on the things that bite when markets move.
Crypto-backed loans for the long haul.
Blockchain-powered lending. Up to 75% LTV, same-day approval.
Why borrowers choose Lantern over Figure.
- 13 collateral assets vs 3Figure supports BTC, ETH, and SOL. Lantern also supports XRP, LTC, DOGE, and seven more assets.
- Zero liquidation penalty and 72 hours to cureFigure charges a liquidation fee and cure windows can vary. Lantern gives every borrower three full days and doesn't charge a liquidation penalty.
- Real humans on phone, text, and videoLantern gives every client direct access to a US-based support team, plus in-app trading and custody after loan close.
Interest rates
What you'll actually pay over the life of the loan.
Starting APR for a 12-month loan at 25% LTV. Actual rate depends on jurisdiction, term, and creditworthiness.
Loan-to-value
How much you can borrow, and how much cushion you have before a margin call.
A conservative LTV keeps you well clear of margin calls in normal volatility. Borrow up to half your collateral and keep the rest as runway.
Figure offers Up to 75% LTV. Compare carefully against Lantern's liquidation terms.
Consistency matters. Lantern applies the same 65% margin call and 75% liquidation thresholds across all 13 supported assets, no variation by coin. Verify Figure's per-asset thresholds carefully before borrowing.
Supported assets
The coins you can post as collateral.
Borrow against the coin you actually hold, without first swapping into 'qualified' collateral and paying the tax bill.
Figure accepts BTC, ETH, SOL. If your portfolio is more diverse, you'll be swapping first.
Customer support
How, and how fast, you can reach a real person.
Grace period
Time you have to top up before a liquidation event.
Three full days to top up or pay down before any liquidation begins. Markets move; we don't think you should be punished for being away from your phone.
Figure provides a 24 hours window. One day may not be enough when markets move fast.
Liquidation penalty
What it costs you if the market moves against your position.
If we have to liquidate, we sell exactly the amount needed to bring your loan back to a safe LTV. No 2% fee. No 5% fee. No surprise line items.
Standard fees apply. Confirm the exact penalty with Figure before borrowing.
Custody model
Who actually holds your collateral, and how.
Self-custody via decentralized MPC wallets on Provenance Blockchain.
Every metric, side by side
Your pick | Competitor | |
|---|---|---|
| Starting rate | From 8% APR | From 9.999% APR |
| Max LTV | Up to 50% | Up to 75% |
| Margin call threshold | 65% LTV | 70% LTV |
| Liquidation threshold | 75% LTV | 85% LTV |
| Supported assets | 13 | 3 |
| Support channels | Email, Phone & text, 1:1 Video | Email, Phone |
| 1:1 video support | Yes | No |
| Grace period | 72 hours | 24 hours |
| Liquidation penalty | None | 2% |
| Custody model | Insured cold storage | Self-custody MPC |
| Insurance coverage | Up to $250M (BitGo Trust) | Not publicly disclosed |
| Minimum loan | $1,000 | $5,000 |
| Headquartered | Las Vegas, NV | Charlotte, NC |
| Regulatory status | US-incorporated, Las Vegas, NV | US-incorporated (Delaware / California) |
Ready to switch?
Move from Figure
to Lantern Finance
Lantern vs everyone else
Institutional BTC, ETH, XRP & SOL loans via Anchorage custody.
DeFi loans via Morpho on Base. Instant USDC disbursement.
Instant crypto loans on 300+ assets. No credit checks required.
Bitcoin-focused loans. Globally available, Cayman-incorporated.
Instant crypto credit lines from 2.9% APR on 13 assets.
BTC-backed loans. 72-hour grace period, 0% origination fee.