Atledis Labs publicizes the launch of the Atledis V1 protocol

Paris, France, June 7, 2022, Chainwire

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Atlendia capital-efficient DeFi protocol that permits collateral-free crypto lending, as we speak introduced the launch of the Atledis V1 protocol on Polygon mainnet, a whole Ethereum scaling answer.

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It is a main milestone for Atledis (previously generally known as JellyFi) following his $4.4M Seed Funding Spherical and coming a number of months after the alpha launch of the Atlendis Protocol. Liquidity Suppliers (LPs) can now deposit into any pool of debtors on the Atledis protocol to begin incomes curiosity. Whitelisted institutional debtors, together with dApps, protocols, and DAOs, can now take out loans of their particular swimming pools.

Atlendis launches with institutional debtors DeversiFi and Zigzag with an preliminary credit score restrict of $10 million, and there’s a rising pipeline of institutional debtors who will be a part of quickly. institutional borrowing candidates can contact Atlendis Labs to request entry to revolving credit score strains on the Atledis protocol.

“We’re excited to launch the Atledis protocol and facilitate new DeFi use instances by way of unsecured crypto lending. Our major focus is to assist crypto-native organizations entry revolving strains of credit score to immediately meet their recurring money wants with out having to lock up collateral. Along with focusing on well-known Web3 establishments that have interaction in market-neutral methods, Atledis welcomes non-crypto native companies in search of publicity to crypto belongings,” mentioned Alexis Masseron, co-founder and CEO of Atlendis Laboratories.

“Atlendis is a singular protocol that permits DeversiFi to entry short-term, revolving and under-collateralized debt to fund DeversiFi’s speedy withdrawal service and multi-chain bridges. Our purpose is to initially borrow USDC from Atledis and broaden to different swimming pools as we roll out our cross-chain capabilities,” mentioned Ross Middleton, co-founder of DeversiFi.

Atledis Labs and the Atledis protocol

Based in 2021 by former ConsenSys staff, Atlendis addresses capital inefficiencies within the DeFi lending market and supplies options for recurring liquidity and non-dilutive funding wants. Beforehand, institutional debtors, together with dApps, protocols, and DAOs, had restricted choices to fulfill their liquidity wants by way of crypto lending, as most DeFi lending protocols require debtors to over-collateralize their loans. , thereby considerably lowering borrowing use instances in DeFi in comparison with TradFi.

Options obtainable for liquidity suppliers

  • Price Discovery
    Liquidity swimming pools are borrower particular and are divided into a number of ticks. When including liquidity to the pool of their alternative, liquidity suppliers can select the mortgage price at which they really feel comfy lending primarily based on their very own threat evaluation. The borrowing price is derived from the market and depends upon the charges provided by the lenders.
  • Non-fungible gadgets
    The deposit of every liquidity supplier on the Atledis protocol is characterised by a place which is represented by an NFT with an unique illustration. The NFT shows the place and the underlying digital belongings hooked up to it, together with whether or not they’re on mortgage or ready to be matched with a borrower.
  • pool incentive
    Liquidity suppliers on the Atledis protocol can earn rewards from three sources:
    • Actively lending to debtors on the chosen lending price.
    • APY from Aave, when funds will not be actively borrowed.
    • Further liquidity rewards, paid by the borrower when their funds will not be used.

Options obtainable to debtors

  • Customized swimming pools
    Atledis protocol swimming pools will be constructed to suit the borrower’s particular use case, with a variety of further parameters and options.

Advantages for debtors

As soon as debtors are whitelisted, the Atledis protocol will create a number of particular liquidity swimming pools per borrower per asset. Debtors can have immediate entry to unsecured crypto loans at a good price by way of Atledis’ distinctive market price discovery. Debtors have flexibility as a result of they do not need to lock up collateral. Curiosity and principal on crypto loans should be repaid when due.

Advantages for lenders

On the Atledis protocol, liquidity suppliers can earn larger rewards than on outsized lending protocols. Lenders have the power to decide on the debtors they belief to lend, in addition to their most popular mortgage price, benefiting from information equivalent to credit score scoring and stay monetary efficiency of debtors carried out by Margin X.

Audit stories

Two audits of Atledis protocol good contracts have been commissioned by Atledis Labs. The first was carried out by Runtime Verification and the second by PeckShield.

About Atlendis

Atlendi is a capital-efficient DeFi lending protocol that permits unsecured crypto lending. Institutional debtors can receive versatile and aggressive mortgage phrases. Unsecured loans on the Atledis protocol are just like revolving strains of credit score, giving debtors flexibility for recurring and short-term liquidity wants. For lenders, Atledis allows larger returns with granular management over their threat profile. Lenders can earn excessive curiosity on actively loaned capital and unused capital might be positioned on a trusted third-party liquidity protocol. There might be no idle capital on Atledis. Atledis allows borrowing and lending with confidence, opening up a variety of use instances for debtors.

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