According to Foresight News, cryptocurrency lending platform Ledn has expanded its support for loans collateralized by Ethereum (ETH), previously only supporting Bitcoin-collateralized loans. This expansion aims to assist victims with outstanding Ethereum loans following the bankruptcy of Celsius. The new product allows users to lend their Ethereum assets with tax benefits, avoiding capital gains tax associated with selling cryptocurrencies.
In September 2023, Ledn extended its crypto savings products to include Ethereum, as reported by Foresight News.
