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 borr...