We launched a partnership with Ledn in March, 2024. Through this partnership, Casa members can access a suite of lending, saving, and trading products, offering new opportunities while HODLing their assets.
While cold storage in a vault where you hold the keys is the safest way to store your assets, we believe sovereign individuals should be able to make an educated decision about utilizing a portion of their assets more actively.
We always recommend only doing so with an amount that you’re willing to take additional risk on. Borrowing and lending has been a frequent request from Casa members, and we’re excited to work with a battle tested company like Ledn to offer that service to those who want it.
Benefits of Casa-Ledn Partnership:
- Casa Discount: Casa clients can enjoy a 0.25% interest rate discount on their first five loans with Ledn. This discount is automatically applied through our referral link here.
- Simple and Accessible: With just a minimum of $1,000 USD equivalent in BTC or ETH collateral, members are automatically approved without further credit checks.
- Non-Taxable Event: Loans from Ledn are non-taxable events, and interest expenses may even be tax-deductible.
- Fast Funding: Loans are typically funded within 24 hours of approval.
- Flexible Repayment: Pay off loans at any time without penalties, with no mandatory monthly payments.
Best Practices:
- Auto-Top Up: Auto Top-up is a simpler and more intuitive way to Top-up your Ledn Loan collateral address(es), removing the need to manually monitor and manage your open loans’ status during times of price volatility.
- When the BTC or ETH collateral value in US dollars drops, your loan’s LTV ratio increases.
- If value drops significantly, Ledn will ask you to deposit more collateral into the collateral address of your loan, or pay down all of your outstanding loan balance. If the price continues to drop without any action from you, Ledn may sell part of the collateral to repay the loan balance outstanding at that time.
- Auto-Top Up prevents these liquidation events.
Ledn Loan Options:
Ledn offers various loan options catering to different needs:
- Dollar Loan: Dollar Loans are a fast and convenient way to access USD or USDC denominated loans using your BTC or ETH as collateral. Dollar loans can be disbursed in your local currency.
- If you are a resident of a location/place within an eligible jurisdiction, Ledn can approve your loan in less than 24 business hours and once approved you will be requested to send your collateral to a unique designated address.
- Once the loan collateral arrives to this unique wallet, Ledn’s team proceeds to disburse 50% of the value of your collateral in the next 24 - 48 business hours.
- B2X Loan: B2X is a loan product that allows clients to double their BTC position. If you have a balance in your BTC Transaction account, the B2X service provides you with a loan which is automatically used to buy more BTC; therefore, doubling your BTC position. The original BTC holding, along with the BTC newly purchased with the loan proceeds, will serve as collateral for the loan.
- Availability of B2X varies based on the client’s place of residence. B2X Loans are not available in the U.S. and Canada. If you would like more information on B2X availability, please contact support@ledn.io.
Loan Programs:
Ledn provides two types of loan programs where your collateral is held in different ways:
- Standard Loan: Collateral may be subject to rehypothecation.
- Custodied Loan: Collateral is held in custody at qualified custodians or banks and is not subject to further rehypothecation.
Interested in Signing Up?
If you're ready to explore the benefits of borrowing against your digital assets with Ledn, follow these steps:
- Visit Ledn's Sign-Up Page to automatically receive a 0.25% discount off your APR.
- Please note that geographic restrictions may apply. Check here to see if Dollar Loans are available in your country.
- Casa customers interested in borrowing over $50,000 should reach out to Casa support for assisted/white glove onboarding.
MORE ABOUT CASA PARTNERSHIPS
At Casa, our mission is to empower individuals to achieve their digital sovereignty through private key management. We believe true sovereignty means empowering our customers to engage in the digital asset ecosystems in the ways they see fit, so we align our partnership structure to support the features our customers are most interested in.
We look for trusted partners to enable these features, though we understand not all products are for everyone. In an effort to support our users' digital sovereignty journey, we perform due diligence on companies, their offerings, risk management, and operational policies, so we can help our users better navigate this evolving space.
DISCLOSURE: All partners recommended by Casa are evaluated closely -- we only recommend products we would use ourselves and believe will provide value to our members. Please note if you make a purchase through this affiliate partnership, Casa may earn a small commission. This comes at no additional cost to you. Casa does not provide tax advice. Please consult your local tax advisor for guidance. For our full disclosure, please click the following link.