In a most curious turn of events, the esteemed lending platform known as Ledn has declared its intention to embark upon a singularly audacious venture, one that shall see it transform into a bastion of bitcoin exclusivity, effective from the first day of July in the year of our Lord, two thousand and twenty-five. The company, in its infinite wisdom, has resolved to bid adieu to the once-celebrated ethereum ( ETH), thus focusing its energies solely upon the noble bitcoin-backed loans. One might wonder, dear reader, if this decision springs from a desire to provide a more secure and uncomplicated financial service for those who hold the illustrious bitcoin, whilst simultaneously emphasizing the virtues of client security and transparency. 🧐
Furthermore, Ledn has announced the retirement of its BTC and ETH Growth Accounts, thereby ceasing all institutional lending of client collateral. This prudent measure ensures that the assets of their esteemed clientele shall not be subjected to the caprices of additional risks. One can only applaud such foresight! 🎩
In a bid to enhance the user experience, the platform promises to offer superior collateral control and competitive loan rates, with the current Custodied loan rate delightfully decreasing from 14.9% APR to a most agreeable 12.9% APR. Ledn’s leadership, in their boundless optimism, believes that these changes will fortify their standing in the market and elevate the overall experience of bitcoin-backed lending for their clients. How splendid! 😄
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2025-05-26 05:57