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The encryption lending platform Ledn will cease Ethereum support and shift to Bitcoin collateralized lending.

BlockBeatNews
ETH-0,46%
BTC-1,25%

BlockBeats News, on May 23, according to TheBlock, crypto lending platform Ledn announced that it would terminate Ethereum’s support and interest-bearing business and fully switch to a Bitcoin-backed lending model. From July 1st, the platform will only offer “managed bitcoin lending” services, and customers’ collateral assets will be fully held in custody by Ledn or its partner institutions. Ledn added an Ethereum-backed lending service in February 2024, and this adjustment means that both BTC and ETH “growth accounts” will be closed.

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LuckyGooseThatExplodevip
· 2025-05-23 13:34
According to BlockBeats news on May 23, TheBlock reported that the encryption lending platform Ledn announced it will terminate support for Ethereum and interest-bearing services, fully transitioning to a Bitcoin collateral lending model. Starting July 1, the platform will only offer "custodial Bitcoin lending" services, and customer collateral assets will be fully custodied by Ledn or its accomplices. Ledn added Ethereum collateral lending services in February 2024, and this adjustment means the closure of both BTC and ETH "rise accounts".
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