Compare · Updated September 2026

Lantern vs Figure

Compare Figure with Lantern’s collateral options, insured custody and support when markets move.

Switch to Lantern See the breakdown

Grace period: 72 hrs; Figure: 48 hours (standard loans)
Liquidation penalty: 0%; Figure: 2%
Supported assets: 16; Figure: 3
From APR: 10%; Figure: From 9.999%

Key points

Why borrowers choose Lantern over Figure.

Grace period

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.

Liquidation penalty

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.

Supported assets

Borrow against the coin you actually hold, without first swapping into a different collateral asset.

Consistency matters.

Lantern applies the same 65% margin call and 75% liquidation thresholds across all 16 supported assets, no variation by coin.

The breakdown

Lantern vs Figure, criterion by criterion.

Criterion 1 of 6
Rates and APR
Interest, fees and the conditions behind advertised rates.
Figure
At 50% LTV: 8.91% interest / 9.999% APR, including a 1% origination fee. Up to 75% LTV: 11.50% interest / 12.62% APR.
Lantern
BTC: 8% interest plus a 2% upfront fee gives a 10% APR for a 12-month loan. No loan-size pricing tiers; volume discounts are available for larger loans. Asset and state eligibility apply.
Criterion 2 of 6
Loan-to-value
How much you can borrow, and how much cushion you have before a margin call.
Figure
Figure offers Up to 75% LTV. Compare carefully against Lantern's liquidation terms.
Lantern
Borrow up to half your collateral’s value for BTC, ETH and SOL. Other supported assets have lower starting LTV limits.
Criterion 3 of 6
Supported assets
The coins you can post as collateral.
Figure
Figure accepts BTC, ETH, SOL.
Lantern
Lantern wins
Borrow against the coin you actually hold, without first swapping into a different collateral asset.
Criterion 4 of 6
Grace period
Time you have to top up before a liquidation event.
Figure
Standard loans have 48 hours to cure, with automatic liquidation at 90% LTV. Optional paid Liquidation Protection changes these rules for eligible loans.
Lantern
Lantern wins
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.
Criterion 5 of 6
Liquidation penalty
What it costs you if the market moves against your position.
Figure
Standard Figure loans carry a 2% liquidation processing fee where permitted. Optional paid Liquidation Protection has separate terms.
Lantern
Lantern wins
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.
Criterion 6 of 6
Custody model
Who actually holds your collateral, and how.
Figure
Collateral is encumbered in a segregated MPC wallet in Figure Markets. Figure can sell collateral under its liquidation rules.
Lantern
BitGo cold storage with insurance. Bankruptcy-remote and segregated.

Full breakdown

Every metric, side by side

Interest, fees and the conditions behind advertised rates.

Term

Rate / APR: From 10% APRBTC: 8% interest plus a 2% upfront fee gives a 10% APR for a 12-month loan. No loan-size pricing tiers; volume discounts are available for larger loans. Asset and state eligibility apply.; From 9.999% APRAt 50% LTV: 8.91% interest / 9.999% APR, including a 1% origination fee. Up to 75% LTV: 11.50% interest / 12.62% APR.
Max LTV: Up to 50%; Up to 75%
Margin call threshold: 65% LTV; 80% (initial LTV 50%) 85% (initial LTV 75%)
Liquidation threshold: 75% LTV; 90% (standard loans)
Supported assets: Lantern leads:16; 3
Support channels: Email, Phone & text, 1:1 Video; Email, Phone
1:1 video support: Yes; Not publicly listed
Grace period: Lantern leads:72 hours; 48 hours (standard loans)Standard loans have 48 hours to cure, with automatic liquidation at 90% LTV. Optional paid Liquidation Protection changes these rules for eligible loans.
Liquidation penalty: Lantern leads:None; 2% processing fee, where permittedStandard Figure loans carry a 2% liquidation processing fee where permitted. Optional paid Liquidation Protection has separate terms.
Custody model: Lantern leads:Insured cold storage; Decentralized MPC wallet
Insurance coverage: Lantern leads:Up to $250M (BitGo Trust); Not publicly disclosed
Minimum loan: From $1,000; state minimums apply; From $5,000; jurisdiction-dependent
Headquartered: Lantern leads:Las Vegas, NV; Charlotte, NC
Regulatory status: Lantern leads:US-incorporated, Las Vegas, NV; US-incorporated (Delaware / California)

Public sources reviewed September 2026. Terms vary by asset, loan size, payment option and jurisdiction. Unverified details are marked; confirm your individual quote before borrowing.