Lantern vs Figure
Compare Figure with Lantern’s collateral options, insured custody and support when markets move.
Crypto-backed loans for the long haul.
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.
BTC, ETH and SOL loans; rates and margin-call rules depend on starting LTV.
At 50% LTV: 8.91% interest / 9.999% APR, including a 1% origination fee. Up to 75% LTV: 11.50% interest / 12.62% APR.
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 cureStandard Figure loans have a 48-hour cure window and a 2% liquidation processing fee. Paid protection has separate terms. Lantern provides 72 hours with no 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.
Rates and APR
Interest, fees and the conditions behind advertised rates.
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.
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.
Rates reflect the loan size and payment option noted above. Compare quotes for the same collateral, term and eligibility.
Loan-to-value
How much you can borrow, and how much cushion you have before a margin call.
Borrow up to half your collateral’s value for BTC, ETH and SOL. Other supported assets have lower starting LTV limits.
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.
Supported assets
The coins you can post as collateral.
Borrow against the coin you actually hold, without first swapping into a different collateral asset.
Figure accepts BTC, ETH, SOL.
Customer support
Published channels for reaching a support team.
Call or text a real person on our customer support team.
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.
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
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 Figure loans carry a 2% liquidation processing fee where permitted. Optional paid Liquidation Protection has separate terms.
Custody model
Who actually holds your collateral, and how.
Collateral is encumbered in a segregated MPC wallet in Figure Markets. Figure can sell collateral under its liquidation rules.
Every metric, side by side
Your pick | Competitor | |
|---|---|---|
| Rate / APR | From 10% APR 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. | From 9.999% APR At 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 | 13 | 3 |
| Support channels | Email, Phone & text, 1:1 Video | Email, Phone |
| 1:1 video support | Yes | Not publicly listed |
| Grace period | 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 | None | 2% processing fee, where permitted Standard Figure loans carry a 2% liquidation processing fee where permitted. Optional paid Liquidation Protection has separate terms. |
| Custody model | Insured cold storage | Decentralized MPC wallet |
| Insurance coverage | Up to $250M (BitGo Trust) | Not publicly disclosed |
| Minimum loan | From $1,000; state minimums apply | From $5,000; jurisdiction-dependent |
| Headquartered | Las Vegas, NV | Charlotte, NC |
| Regulatory status | 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.
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Lantern vs everyone else
BTC, ETH and SOL loans via Anchorage; separate XRP terms.
Variable-rate USDC loans using Morpho smart contracts on Base.
Automatic liquidation with no fixed grace period; collateral ownership transfers under its terms.
Bitcoin-only loans with size-based pricing and restricted collateral re-posting.
US crypto credit lines; pricing depends on NEXO token holdings.
Bitcoin-only loans; pricing varies by loan size and payment option.