Lantern Finance is presented as a superior alternative to Arch Lending for crypto-backed loans, supporting more currencies including Stellar (XLM), offering better security with BitGo custody and insurance, lower interest rates on select assets, zero liquidation fees, and a 72-hour grace period. The comparison table and FAQ highlight Lantern's advantages in collateral options, risk management, customer service, and overall borrower protections. Arch Lending supports fewer currencies and has higher fees in several areas.
This article compares Lantern Finance and Arch Lending across currencies supported, security, interest rates, fees, and customer service, positioning Lantern as the better option. Lantern supports 13 cryptocurrencies as collateral including BTC, ETH, SOL, XLM, XRP, and others, while Arch only supports BTC, ETH, and SOL. Security features for Lantern include BitGo Trust Company custody with up to $250M insurance, AES-256 encryption, and transparent wallet sharing, contrasting with Arch's Anchorage Digital without specified insurance. Lantern offers lower interest rates (10% for ETH/SOL, 13% for others) versus Arch's 10.35%, with conservative LTV ratios, 72-hour margin call grace periods, and 0% liquidation fees. Customer service at Lantern includes phone, email, and SMS, outperforming Arch. The FAQ reinforces Lantern's superiority in flexibility, protection, and nationwide availability.