Lantern Finance Adds BCH, LINK, SUI as Collateral, Expanding Supported Assets to 12
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Coinmarketcap
- Collateral Expansion: Lantern Finance today announced the addition of Bitcoin Cash (BCH), Chainlink (LINK), and Sui (SUI) as eligible collateral on its crypto-backed lending platform, increasing the total supported assets to twelve, thereby addressing market demand for diversified assets.
- Transparent Loan Terms: The newly supported assets offer a 33% loan-to-value ratio and a fixed 15% APR, consistent with Lantern's existing long-tail asset framework, ensuring borrowers can access loans under transparent and predictable conditions.
- Customer Asset Security: Lantern Finance utilizes institutional-grade custody providers to hold customer assets, prioritizing transparency, fixed pricing, and downside protection for borrowers, thereby enhancing customer trust in the platform.
- Market Demand Response: Cofounder Jung Won Kim stated that despite limited lending options for BCH, LINK, and SUI in the U.S., this initiative reflects the company's focus on practical access and simplified borrowing experiences, aiming to meet investors' needs for flexibility and security.
Analyst Views on ETH
Wall Street analysts forecast ETH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ETH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
