Today Atlendis Labs is pleased to announce the following updates:
- Atlendis Labs, the organization and team behind the Atlendis protocol (previously known as JellyFi)
- Atlendis Protocol, a capital-efficient DeFi lending protocol for uncollateralized crypto loans (previously the JellyFi protocol)
- AtlendisDAO (coming soon)
Why did the organization’s name change to Atlendis Labs?
As the organization evolves and in preparation for the launch of the protocol and the DAO, it is the right time to pivot. The name Atlendis fits with the existing brand and encompasses prosperity, the idea of vastness, and endless possibilities for innovation. These themes are aligned with the concept of decentralized finance, a frontier that is just beginning to be explored in order to bring the benefits of new and innovative financial services to the reach of users at their fingertips.
What is the significance of Atlendis with the existing brand?
The name Atlendis is a reflection of the brand that represents elements of both sea and space, combined with “lend” in reference to DeFi lending. The vast oceans on our planet cover more than 70% of the Earth’s surface, hold over 1.3 billion cubic km of water, and include geological features under the sea such as the world’s largest mountain range and the deepest canyon. Space describes the universe beyond Earth’s atmosphere, and astronomy, astronautics, and space technology are dedicated to the deep space exploration of distant planets and regions of outer space. Both sea and space are sources of wonder, curiosity, and inspiration, and are yet to be fully explored.
To bring these concepts to DeFi, users are welcome to Atlendis, a world of new possibilities for uncollateralized crypto loans.
Atlendis is inspired by the legend of Atlantis, a mythical lost island nation that rose from the ocean, and consisted of fertile plains and mountains surrounded by rings of land and water created by Poseidon (the Greek god of the sea) to protect the inhabitants. Poseidon appointed his eldest son Atlas as the ruler and namesake for both the island of Atlantis and the Atlantic ocean surrounding it. Rich with palaces, temples, fountains and precious metals, the island of Atlantis was home to an advanced, utopian and wealthy society holding wisdom that could bring peace to the world. According to the legend, the people of Atlantis conquered the lands around the Mediterranean and prospered over several generations. The story of Atlantis was first told in two of the Greek philosopher Plato’s dialogues, the “Timaeus” and the “Critias,” written about 360 B.C.
The name Atlendis also takes inspiration from the Space Shuttle Atlantis, a space shuttle orbiter vehicle that belongs to the National Aeronautics and Space Administration (NASA), the spaceflight and space exploration agency of the United States. Its maiden flight was in October 1985, and its 33rd and final mission took place in July 2011. By the end of its final mission, Atlantis had orbited the Earth 4,848 times, traveling nearly 126,000,000 miles (203,000,000 km), the equivalent of over 525 times the distance from the Earth to the Moon. Space Shuttle Atlantis is named after RV Atlantis, a two-masted sailing ship and the primary research vessel for the Woods Hole Oceanographic Institution between 1930-1966.
Atlendis is an innovative capital-efficient DeFi lending protocol, helping users to navigate through the world of DeFi and enabling crypto loans without collateral. A unique platform where institutional borrowers can obtain competitive loan terms, and lenders can get access to higher returns while having more granular control over their investment portfolios.
How does the name Atlendis fit with the values of the organization?
Both outer space and the ocean have been objects of fascination and curiosity among philosophers, scientists, explorers, and historians since the beginning of time. Today, the environments of space and the ocean continue to be sources of inspiration for many myths, legends, mysteries, research projects, and expeditions.
The name Atlendis conjures up images of the alluring spatial and marine worlds and reflects the organization’s values of transparency, flexibility, embracing change, innovation, and collaboration.
About the Atlendis mascot
The Atlendis mascot represents a mythical transparent and bioluminescent creature that oscillates and thrives in a hybrid universe between outer space and the undersea world. Some believe that it is a marine creature, an ancestor of the jellyfish, while others believe that it is an extraterrestrial being. The mascot joyfully accompanies borrowers and lenders throughout their DeFi journey in the world of Atlendis.
What are the new links to follow Atlendis:
What are Atlendis Labs’ plans for 2022?
The team has a very busy year ahead, and is hard at work preparing the release of the Atlendis Protocol V1 whitepaper. The audit report by Runtime Verification will be available soon. Please follow Atlendis’ social media channels and subscribe to our newsletter to stay up to date on the latest news and upcoming events.
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