About

Lend Ledger covers crypto lending and borrowing from the risk side. We write about collateral and liquidation mechanics, rate sourcing, custody, and counterparty exposure — because the question that matters in this sector has never been what a yield is, but who is paying it and what happens when they cannot.

Who writes here

The site is edited by Yusuf Karim, a disclosed house pen name maintained by our editorial team — the Economist model, stated openly rather than hidden. Reviews run under the editor's byline; news runs under “Staff, Lend Ledger.” We publish no fabricated author biographies and claim no credentials we do not have — see the editorial policy for how the bylines work.

How this site is funded

Lend Ledger is an independent, commercially supported publication. We may earn affiliate or advertising revenue from links on the site. That revenue never dictates our conclusions: scores, pros and cons are editorial judgments, sponsored material is always disclosed with the post, and no verdict can be bought. Commercial enquiries go through the advertise page.

Who this is for

We write for people who already hold crypto assets and want the risk explained before the return.

How we work

We assess mechanics and disclosure: how collateral is held, where liquidation thresholds sit, whether a rate is fixed or discretionary, who the counterparty actually is, and what an insurance claim would and would not cover. Advertised yields are always described as advertised and as variable. We hold no positions, we publish no price views, and nothing here is a recommendation to deposit anything anywhere.

What this publication is not

Lend Ledger is a publisher. We are not a lender, a platform, a broker or an adviser, we hold no positions in anything we cover, and nothing here is financial advice. Crypto lending can lose an entire deposit through counterparty failure, liquidation or a smart-contract exploit, and no amount of good disclosure changes that.

Corrections

If we have published an error — a figure, a date, a term, anything — we want to know. Reach the editorial desk via the contact page. Corrections are the fastest queue we run, and material ones are noted in the post.