Crypto lending platform Ledn to terminate Ethereum support and interest-bearing services, shifting to Bitcoin-backed lending model
According to The Block, crypto lending platform Ledn announced it will terminate Ethereum support and interest-bearing services, fully transitioning to a Bitcoin-collateralized lending model.
Starting July 1, the platform will only offer "custodial Bitcoin lending" services, with clients' collateral assets fully managed by Ledn or its partner institutions. Ledn introduced Ethereum-collateralized lending services in February 2024, and this adjustment means the closure of "growth accounts" for both BTC and ETH.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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