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Ledn

Canada (Cayman registered)

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CeFi BTC-backed loans in USD or USDC with collateral held in BitGo Trust cold storage. Fixed 12 month term, 50% LTV, warnings at 70% and 75%, and liquidation at 80%.

Product Details

Interest Rate (APR)
9.99% - 11.49%
Loan-to-Value (LTV)
50%
Loan Term
12 months
Liquidation LTV
80%
Loan Amount
N/A
Custody Model
CeFi
Custodian
BitGo
Client Multisig
No
Rehypothecation
No
KYC Required
Yes
Loan Currencies
USDC, USD
Collateral Types
BTC

Availability & Requirements

Available globally with restrictions. Not offered in certain U.S. states and some Canadian provinces; check Ledn website for latest availability.