Prince J (Lantern)

Lantern is now available on iPhone! 📱 You can now borrow against your crypto, track your loan health, and manage your collateral wherever you go. Get the official Lantern Finance app on the App Store here: apps.apple.com/us/app/lanter…

Freedom, security, and trust are earned. Today we honor those who served. Thank you for your service 🇺🇸 — The Lantern Finance team

THE BLOCK: The Treasury's Financial Crimes Enforcement Network has withdrawn a proposal from 2020 called the "Travel Rule" that would have required financial institutions and crypto businesses to collect identifying information about people involved in certain transfers. "The Agencies believe that there have been significant recent developments in the CVC industry since the proposal was issued," FinCEN said on Friday.

Instant Payments are now live on Lantern. Skip the 2-3 day wait with payments that settle in minutes, giving you faster access to your collateral. See our blog post in the thread below ⬇️

This is unfortunately true. In the past, when we’ve had incidents and reported them to stable coin issuers, the answer was that they can’t freeze anything unless it was accompanied by an order or request from the police or fbi. Sounds simple right? It turns out that when you report things to the authorities, there is no guarantee they will accept the case. They have limited time and resources. If they accepted every case that was reported, they don’t have the resources to investigate them all. But having these outstanding cases will ruin their metrics. You’ll see things like xyz police only solve 1% of cases which makes them look terrible. As a result, they only accept and focus on cases where losses are above a certain monetary value, which means below that value, you will NEVER be able to provide the stable coin issuer the documents they “require”, so the funds are never frozen… This creates a pretty perverted arbitrage, where someone can effectively steal money below a limited amount, but doing it frequently to enough businesses to end up with the same high aggregate amount, yet never deal with any consequences. I don’t think anyone likes this reality, but it is the reality today.

Before you deposit with any custodian, ask one question: If they failed tomorrow, who would own your assets? BitGo is a federally chartered digital asset bank. Client assets are bankruptcy remote, meaning they stay legally separate from the company’s balance sheet. More from @halstonvalencia. 👇

Coinbase loans just got a LOT more expensive overnight. @Coinbase BTC-backed loan interest rates spiked from ~5% to over 13.8% It's settled down slightly to 9.75% this morning. Currently ~2x the cost of the loan as is was yesterday. And here's the part most people still don't understand: Your BTC is used to mint cbBTC out of thin air, which gets pushed onto @Morpho. If Morpho gets hacked or the cbBTC disappears, Coinbase loses none of the collateralized BTC. You do. Coinbase keeps the real BTC. So the borrower gets: • Smart contract risk • Morpho risk • Wrapped BTC risk ...AND now gets to pay 2x to 3x higher interest for that risk. How many people understood THAT when they clicked "Borrow"?

The Lantern app just launched on Android! 🎉 You can now borrow against your crypto, track your loan health and manage your collateral directly from your mobile phone. Get the official Lantern app on Google Play here: play.google.com/store/apps/d…

Lantern has a new look! Our redesigned homepage is live, and we're excited to share it with you. Take a look and tell us what you think lantern.finance

Three new ways to borrow without selling. Starting today, you can now borrow against $HYPE, $CC, and $AVAX on Lantern. → Up to 33% LTV → 12-month terms, prepay anytime → BitGo cold storage and insurance, 72hr grace, no liquidation fees See full blog post below ⬇️