The following is a guest post from Christina Comben.
If you follow the encryption space for a long time, you may be familiar with your name LEDNThe only intensive bitcoin loan platform that does not burn by the aftermath of TERRA/LUNA and FTX in 2022. With a more conservative approach to red spending, scaling, and risk management, one of the ciphers was weathered. The largest SH*T Storm with a remarkable aprem.
It did not stop attacking the company with the same brush as the suspicious counter part.
“All encryption businesses were burning in 2021,” recalls the LEDN co -founder and CEO Adam Reeds. work. “”
One of the main contributors to LEDN’s sustainability is a deep commitment to transparency with users. LEDN was the first digital asset lending company that completed the proof of Reform-of-Reserves, a process repeated every six months. This diligence is not only recovering from the strict bear depth, but also greatly growing its business.
“It was useful at the beginning of 2024,” Adam smiled. “It’s great to see. Today, we have a better company than 2021.”
Bitcoin Fast spirit
“LEDN focuses on confirming that there is bitcoin financial products first,” Adam explains.
However, the company has supported StableCoins Tether and USDC, and has recently acknowledged a wider demand for loans secured by alternative digital assets.
“Our best product is Bitcoin, and the coat is a bitcoin support loan. The client is allowed to deposit bitcoin, provide fluidity, and not need to sell it. “
Is there an additional advantage of using LEDN more than maintaining a diamond hand?
“Loans have the advantage of tax planning in most jurisdictions,” Adam says.
Adam is proud of the simple LEDN business model.
“We are not trying to be all for everyone. We are maintaining core rental products and trying to bring them to more people.” LEDN is a more quality supporter than the quantity. 。 “One of my favorite proverbs in the company is that the best restaurant has the smallest menu. You don’t have to do too much. Just do some right. That’s the best. I think it’s a client experience. “
What is the most excited about working in bitcoin every day?
“I love traveling, meeting people and learning about new culture,” he is enthusiastic. “For me, how to spend money is not for money, isn’t it, how do they think about their future? What excites them? What are their goals? When you talk about financial services, you can talk about them.
He talks about the story of a Latin American client, which is based on his co -founder Mauricio Di Bartolomeo and many of the LEDN teams are based. The client runs a tourism business, and LEDN products can borrow it on his bitcoin because he can borrow Bitcoin when the bank does not provide a loan to him. Because he can borrow his bitcoin, he can borrow his bitcoin, so he can borrow him on his bitcoin. He helped him survive because he could borrow his bitcoin. “He is now expanding,” says Adam. “It’s really pleasure to learn how people succeed on their economic journey.”
“Ultimate equalizer”
LEDN was born in a Canadian house, a co -founder in Toronto, recently relocated to the Cayman Islands, and expanded to North America, South America and Europe. When I meet Adam at the Bitcoin Mena’s Bitcoin Mena’s Bitcoin Mena Hall, are they trying to set up a scaffold in the Middle East?
“We are here because we are open in other areas and are trying to expand to the Middle East and Asia,” he asserts.
Adam says that there are geographically different use cases, and it is important to learn the nuances of all regions. “In the United States, Bitcoin has capital gain tax, so taxes are a big deal, but many of the jurisdiction of Asia have no capital gain tax.” In these areas in the world, Hodler decreases. There is a high possibility of flocking in LEDN to avoid it.
The main product of LEDN is a loan, but the platform also offers a product that includes a limited transaction pair and a yield for bitcoiners without a PTSD trying to pay attention to coins. Do they plan to add other cryptocurrencies to that range? “There is no immediate plan (beyond Ethereum) in the long term, but we are always considering it,” he says.
Adam talks on a panel about the future of collateral and why bitcoin is a natural asset.
“The property right is a big deal,” he says. “Even gold is physically, it is very important in the place where it is held. If you want to cover the money, is it at England or Venezuela Bank? This is very different. It is a risk profile, and there is no same task as the storage method because it is virtual. “
“For us, Bitcoin is the ultimate equalizer. It’s the ultimate financial fair, so I love it because I can build the same financial product for everyone around the world. Who is you? I don’t care where I came from.
Ride the blooming wave
Since the onset of the bullish market, LEDN has reportedly increased daily lending by 2.5 times and reported $ 1.67 billion from the first quarter of last year to the third quarter.
“It was amazing,” Adam says. “I always got it, but the great thing about this market is business this time, and I’m really looking at the model for profit, so I think the institution is getting it.”
He says that the risk of reputation that he was in the facility four years ago during the last beef cycle was much higher than today. Since the stigma to remove bitcoin has been removed, the institution is poured and brings institutional capital.
“The space is still incredibly short,” Adam says. “If you consider today’s bitcoin as a market capitalization of $ 2 trillion today, the amount of Bitcoin’s retail loan is probably about $ 1-2 billion, so it is still very small. Many people are bitcoin. It requires more space to provide a dollar to provide those dollars to a company like LEDN to be able to take a mortgage. “”
Bitcoin’s “institutional FOMO”
Red moved from Canada to the Canadian Islands from Canada to the Canadian Islands, for a more familiar regulation of the laws to guess the future after pushing a round peg into a square hole with its own and US policies. 。 But what about the change of steps on the horizon in the next Trump 2.0?
“In other words, that’s a great thing, isn’t it?” He turns on. “Bitcoin was very polarized, and it was a great thing for the Trump administration to really grab the foundation of the voters. I wanted to be in a space now, but legal clear. I don’t think there will be a risk of undertaking it. “
What does it mean for bitcoin for the next few months and several years?
“I think we’re going to see an institutional FOMO that some big banks have adopted and all others have to follow.”
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