Lantern Finance, a U.S.-based crypto lending company, has added Bitcoin Cash, Chainlink, and Sui as eligible collateral on its crypto-backed lending platform, expanding support for assets with established holder bases.
With the update, Lantern now supports twelve digital assets in total. Existing collateral options include Bitcoin, Ethereum, XRP, Solana, Litecoin, Dogecoin, Cardano, Hedera, and Stellar Lumens. U.S. customers can borrow against these assets without selling them and receive same-day funding to bank accounts or stablecoins to wallets.
Loans backed by Bitcoin Cash, Chainlink, and Sui are offered at a 33 percent loan-to-value ratio with a fixed 15 percent annual percentage rate. These terms match Lantern’s existing framework for long-tail digital assets and are intended to limit downside risk for borrowers.
Image: Freepik
