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What is Lantern Finance?

lantern finance is a us-based crypto company focused on offering the lowest rates for crypto-backed loans. currently, we support the following crypto assets: bitcoin (btc), ethereum (eth), solana (sol), litecoin (ltc), xrp, dogecoin (doge), cardano (ada), hedera (hbar), stellar (xlm), bitcoin cash (bch), sui, and chainlink (link).

How do Lantern’s crypto-backed loans work?

with crypto-backed loans, you can use your crypto as collateral to access cash. borrow up to 50% of your crypto's value at a fixed interest rate for 12 months. to get an idea of how much you can borrow and the costs, refer to our loan calculator here . once the loan is paid, your collateral is returned back to you.

How is my crypto secured?

lantern uses bitgo , a qualified custodian, to custody crypto on behalf of lantern users. founded in 2013, bitgo is one of the largest us-based crypto custodians, and maintains a pristine track record of zero breaches . today, bitgo protects over $100 billion in crypto assets. as a qualified custodian, bitgo is legally obligated to custody assets 1 to 1 with what has been deposited. in other words, unlike a bank, bitgo cannot lend or trade client assets. in addition, bitgo provides $250 million in insurance coverage on all assets held with them.