Ledn Drops $ETH , Returns To Bitcoin-Only Lending Model
Key Takeaways

* Ledn will discontinue support for Ethereum-backed loans starting July 1, transitioning to a full-custody $BTC -only model.

* Over 99% of Ledn’s loan volume comes from Bitcoin, with ETH accounting for just 1–2%.

* The shift enhances security and simplifies operations, as client BTC won’t be rehypothecated or used to generate yield.

Ledn is shifting its focus solely to Bitcoin-backed lending. It will retire Ethereum-supported loans on July 1. The move ensures full-custody safeguards for all Bitcoin lending services.

This move underscores the company’s commitment to security and its roots in Bitcoin-oriented services.

Why the Shift Matters

Ledn’s co-founders revealed that BTC has dominated their lending ecosystem, comprising over 99% of loan collateral. By eliminating ETH lending, they avoid fragmentation and reduce operational complexity, aligning the business with actual client demand.

Security and Simplification at Forefront

Under the new full-custody framework, Bitcoin collateral will remain securely held, never rehypothecated or loaned out. This move increases transparency and lowers counterparty risk, clarifying complexities in fractional reserve or yield-based lending models.

Ledn is transitioning to a Bitcoin-only lending model. This shift prioritizes security, transparency, and customer-focused services. It may set new benchmarks for CeFi platforms.
#Etheruem #BTC #loan