1/ We appreciate our clients’ trust and patience during these times of market volatility. We wanted to provide an update on our relationship with Alameda, reassuring our clients that your assets are secure. 2/ Ledn has fully absorbed the impact of our outstanding loan with Alameda with no effect on our clients’ assets. Ledn also held some assets on FTX, which also has no impact on our clients’ assets.

1/ Thank you for your patience. Our Ledn team has been focused on the safety and security of our clients’ assets. We want to share our current position, even as the situation continues to evolve. 2/ First of all, our business continues to operate as usual. Deposits and withdrawals are being processed normally.

1/ We are aware of certain concerns being raised regarding the digital asset lending space. Here’s where Ledn stands on this; a 🧵 2/ Our business fundamentals are strong, and all of our clients’ assets are safe and secure.

Today we're announcing our interest rates effective April 1st, 2021.

Bitcoin balances up to 2 BTC will earn 6.10% APY
Bitcoin Balances above the first 2 BTC will earn 2.25% APY

USDC Rates remain unchanged at 12.50% APY

Why did we do this? A thread 👇 1/9 With this new structure, the vast majority of our bitcoin clients will start earning a  better rate through their Savings Accounts - and clients with balances over 2 BTC will still earn the highest blended interest rate for bitcoin in the market. 2/9