Atlendis Labs Announces the Launch of the Atlendis Protocol V1
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Paris, France, 7th June, 2022, Chainwire
Atlendis, a capital-efficient DeFi protocol that enables crypto loans without collateral, announced today the launch of the Atlendis protocol V1 on Polygon mainnet, a full-stack Ethereum scaling solution.
This is a major milestone for Atlendis (formerly known as JellyFi) following its USD 4.4 million seed funding round and coming a few months after the alpha release of the Atlendis protocol. Liquidity providers (LPs) can now deposit into the borrower pool of their choice on the Atlendis protocol to start earning interest. Whitelisted institutional borrowers including dApps, protocols and DAOs, can now take out loans in their specific pools.
Atlendis is launching with institutional borrowers DeversiFi and ZigZag with an initial credit limit of USD 10 million, and there is a growing pipeline of institutional borrowers that will be joining soon. Interested institutional borrower candidates can contact Atlendis Labs to apply for access to revolving lines of credit on the Atlendis protocol.
"We are excited to launch the Atlendis protocol and facilitate new DeFi use cases through uncollateralized crypto loans. Our main objective is to help crypto-native organizations access revolving lines of credit to meet their recurrent liquidity needs instantly without having to lock any collateral. In addition to targeting renowned Web3 institutions that engage in market-neutral strategies, Atlendis welcomes non-crypto native companies seeking exposure to crypto assets," said Alexis Masseron, Co-Founder and CEO of Atlendis Labs.
“Atlendis is a unique protocol that allows DeversiFi to access short term, revolving and
Read more on cryptonews.com
