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Altitude Opens Public Access to Collateral-Optimized DeFi Lending Platform
- Altitude, a DeFi lending platform, has opened its vaults to the general public after concluding its private beta phase.
- Users can manage collateral for lending and borrowing efficiently using Altitude's automated strategies.
- Altitude aims to increase capital efficiency and prevent undercollateralized loans in DeFi.
- The platform adjusts user borrowing automatically based on the collateral's value, including assets like Bitcoin and Ethereum.
- Altitude's protocols include rebalancing to optimize loan-to-value ratios.
- Capital efficiency is improved by borrowing against rising capital value and utilizing generated yield to reduce loan amounts.
- Altitude also returns funds to the lending pool during drops in collateral value to maintain favorable loan terms.
- The platform attracted $6.1 million in investments from top web3 venture capital firms like Tioga Capital and GSR.
- Altitude provides DeFi borrowers peace of mind by enhancing returns through secure lending practices.
- Users can access Altitude's lending markets with an easy-to-use interface to manage their operations efficiently.
- Altitude is a decentralized Ethereum protocol focused on maximizing collateralized lending while ensuring low borrowing costs and generating yield from idle collateral.
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