Skip to content

Altitude launches public collateral-optimized lending platform

Altitude, a DeFi lending platform, has opened its collateral-optimized lending service to the public following an eight-month private beta phase, based on information disclosed to Finbold on Friday, June 13. The platform enables automated strategies for efficient collateral management in lending and borrowing activities.

During the beta testing period, Altitude attracted over $5 million in total value locked (TVL) from whitelisted participants. The platform is designed to help users manage onchain borrowing while maintaining optimal capital efficiency and preventing under-collateralization.

Automated rebalancing features

Altitude offers automated rebalancing capabilities, adjusting borrowing positions based on collateral price movements for assets like Bitcoin (BTC) and Ethereum (ETH). The platform’s dashboard displays loan health metrics based on loan-to-value (LTV) ratios with controls for parameter adjustments.

When collateral values increase, Altitude borrows against the assets and uses the capital to generate yield that reduces the loan amount. Conversely, when collateral values decrease, the platform returns funds to lending pools to maintain optimal LTV ratios. The system also identifies favorable lending rates and adjusts positions to secure the most attractive financing terms.

Addressing capital efficiency challenges

The platform targets capital efficiency issues in DeFi, where users typically borrow at 40-50% LTV ratios, leaving significant capital unused. Beta users have reported improved capital efficiency and reduced complexity in borrowing processes, allowing them to focus on yield generation opportunities.

Funding and market positioning

Altitude raised $6.1 million in funding from web3 venture capital firms, including Tioga Capital, New Form Capital, and GSR. The platform positions itself as the first DeFi protocol to offer automated rebalancing for borrowing based on collateral price movements.

The public launch provides DeFi users access to lending and borrowing activities through an interface that reduces the need for constant position monitoring while enabling yield generation on crypto assets.

Featured image via Shutterstock.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users worldwide
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Latest posts

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Trade, Swap & Stake Crypto on Uphold

Buy, sell, and swap crypto. Stake crypto, earn rewards and securely manage 300+ assets—all in one trusted platform. Terms apply. Capital at risk.

Get Started

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.