Lantern Finance
Illuminate your staking journey with Lantern.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | $1.0m | Seed | |
| Total Funding | 000k | ||
Lantern Finance is a US-based company specializing in providing a straightforward staking platform for Ethereum (ETH) holders. The company aims to make it easy for everyday crypto investors to stake their ETH and earn rewards. Staking involves locking up a portion of ETH to participate in the validation process of the Ethereum blockchain, which helps maintain the network's security and efficiency. In return, stakers earn rewards in the form of additional ETH.
Lantern Finance primarily serves individual crypto investors, ranging from beginners to seasoned experts. The company operates in the cryptocurrency market, specifically focusing on Ethereum staking. Its business model revolves around charging a 15% fee on the staking rewards earned by its users. This fee covers the costs associated with custody and running validators, which are essential for the staking process.
The company ensures a seamless staking experience by offering a user-friendly platform that caters to all levels of crypto investors. Lantern Finance emphasizes security by partnering with BitGo, a leading US-based crypto custodian, to safeguard users' assets. Additionally, the platform is legally compliant and actively works to expand its services to more states.
Lantern Finance generates revenue through the 15% fee on staking rewards. This fee structure allows users to keep a significant portion of their rewards while covering the operational costs of the platform. The company also encourages users to refer friends, offering additional rewards for successful referrals.
In summary, Lantern Finance provides a secure, user-friendly platform for staking Ethereum, making it accessible to a wide range of crypto investors. The company focuses on simplicity, security, and regulatory compliance to offer a reliable staking solution.
Keywords: Ethereum staking, crypto investors, staking rewards, user-friendly, security, BitGo partnership, regulatory compliance, 15% fee, ETH validation, referral rewards.