Collateral-Optimized DeFi Lending Platform Altitude Surpasses $10M in Deposits

Collateral-Optimized DeFi Lending Platform Altitude Surpasses $10M in Deposits

DeFi protocol Altitude has announced a new milestone in its quest to deliver collateral-optimized onchain lending. Following its public launch, BTC and ETH deposits have grown rapidly, resulting in a TVL (total value locked) of over $10M. The record TVL achieved by Altitude has been reached in less than a month. It follows the successful completion of the DeFi protocol’s private beta, which concluded in mid-June. Since then, Altitude’s deposits …

Altitude Hits $10M TVL Milestone as Collateral-Optimized DeFi Lending Gains Traction

Retail customers who are looking to optimize their cryptocurrency collateral in order to securely maximize borrowed funds. Altitude guarantees that loan-to-value (LTV) ratios are ideal by dynamically adjusting borrowing based on variations in the price of collateral such as Bitcoin and Ethereum. An important step forward in the process of delivering collateral-optimized onchain lending has been disclosed by the DeFi protocol Altitude. Since its …