Lantern vs Strike
Strike is a solid product. Lantern goes further on the things that bite when markets move.
Crypto-backed loans for the long haul.
BTC-backed loans. 72-hour grace period, 0% origination fee.
Why borrowers choose Lantern over Strike.
- 13 collateral assets vs BTC onlyStrike is Bitcoin-only. Lantern supports BTC plus XRP, ETH, SOL, LTC, DOGE, and seven more assets.
- Collateral stays in BitGo insured cold storageStrike may hold collateral itself or transfer it to capital providers. Lantern collateral stays with BitGo and is insured up to $250M.
- Full-service support and lower minimumsLantern offers phone, text, and 1:1 video support, plus integrated trading and custody once your loan closes.
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.
Strike matches the industry standard. Pay attention to the liquidation thresholds, not just the headline LTV.
Consistency matters. Lantern applies the same 65% margin call and 75% liquidation thresholds across all 13 supported assets, no variation by coin. Verify Strike'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.
Strike accepts BTC. 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.
Strike also offers a 72 hours grace period.
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 Strike before borrowing.
Custody model
Who actually holds your collateral, and how.
Zap Solutions Capital, Inc.
Every metric, side by side
Your pick | Competitor | |
|---|---|---|
| Starting rate | From 8% APR | From 12% APR |
| Max LTV | Up to 50% | Up to 50% |
| Margin call threshold | 65% LTV | 70% LTV |
| Liquidation threshold | 75% LTV | 85% LTV |
| Supported assets | 13 | 1 |
| Support channels | Email, Phone & text, 1:1 Video | |
| 1:1 video support | Yes | No |
| Grace period | 72 hours | 72 hours |
| Liquidation penalty | None | 0.99% |
| Custody model | Insured cold storage | Multisig vaults (self-custody) |
| Insurance coverage | Up to $250M (BitGo Trust) | Not disclosed |
| Minimum loan | $1,000 | $10,000 |
| Headquartered | Las Vegas, NV | Chicago, IL |
| Regulatory status | US-incorporated, Las Vegas, NV | US-incorporated (Illinois) |
Ready to switch?
Move from Strike
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.
Blockchain-powered lending. Up to 75% LTV, same-day approval.
Bitcoin-focused loans. Globally available, Cayman-incorporated.
Instant crypto credit lines from 2.9% APR on 13 assets.