Lantern Finance: A New Era in Crypto Lending Protection
In the turbulent waves of cryptocurrency, where market crashes can wreak havoc, Lantern Finance has emerged as a surprising protector. During a recent $19 billion liquidation event, they managed to shield their borrowers from forced liquidations. So, what sets Lantern apart? Let’s dive into their strategies and what they could mean for both fintech startups and crypto investors.
The Market Crash: A Brief Overview
On October 10, the crypto world was shaken by an unexpected 100% tariff on Chinese goods. This led to a rapid unwinding of leveraged holdings, with major assets like Bitcoin and Ethereum dropping 10% to 12%, and other digital assets plummeting by up to 70%. Many platforms halted services, auto-liquidated positions without a…
