💬 Market Commentary
Announcements 📣
Improved Ledn Loans Rates. We’re pleased to announce that starting on February 1st, annual interest on newly opened Ledn Loans will be decreasing to 8.9% from 9.5%.
You can take advantage of these improved terms today by accessing some dollar liquidity with a Dollar Loan, or you can increase your BTC holdings with a B2X Loan.
Ledn Savings Rates. As of February 1st, 2022, the Tier 1 interest rate for BTC Savings Accounts will remain 6.25% APY for balances up to 0.5 BTC, and the Tier 2 interest rate will remain at 2.25% APY for any balance over 0.5 BTC.
For USDC Savings Accounts, the interest rate will decrease to 9.25% APY on your full USDC balance (no tiers).
USDC Withdrawal Fees. Due to the steady increase in gas fees on the Ethereum network, we will be increasing our withdrawal fees of USDC from 10 USDC to 35 USDC. This change will take place on Feb 1, 2022 at 12 AM EST. Any withdrawal requests made prior to that time will be at the 10 USDC rate.
We will continue to update our withdrawal fees as needed to ensure they reflect the average cost of processing transactions on the network.
BTC withdrawal fees remain unchanged.