Altitude, a Defi-credit platform, has opened its collateral optimized credit service to the public after an eight-month private betabeta phase, based on information announced to Finbold on Friday 13 June.
During the beta test period, the height drew more than $ 5 million in total value (TVL) on the white list of white list. The platform is designed to help users manage onchain lenses while maintaining optimum capital efficiency and preventing interrogation.
Automated herbalance functions
Height offers automated again in balance to adjust loan positions based on collateral price movements for assets such as Bitcoin (BTC) and Ethereum (ETH). The Dashboard of the Platform shows loan health statistics based on loan-to-value (LTV) ratios with controls for parameter adaptations.
When collateral values increase, the amount lends to the assets and uses the capital to generate returns that reduce the loan amount. Conversely, when collateral values decrease, the Platform Funds returns to Leenpools to maintain optimum LTV ratios. The system also identifies favorable credit rates and adjusts positions to secure the most attractive financing conditions.
Tackling capital efficiency
The platform focuses on capital efficiency problems in Defi, where users usually borrow from 40-50% LTV ratios, so that considerable capital remains unused. Beta users have reported improved capital efficiency and reduced complexity in loan processes, so that they can concentrate on possibilities for generating yields.
Financing and market positioning
Height raised $ 6.1 million in financing Web3 Venture Capital companies, including Tioga Capital, New Form Capital and GSR. The platform positions itself as the first Defi protocol that automated again has been balanced for borrowing based on price companies.
The public launch offers Defi users access to loans and loan activities via an interface that reduces the need for constant position monitoring, while the yield generation on crypto assets becomes possible.
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