The Atlendis Protocol is Now Live on Polygon

Atlendis’ capital-efficient DeFi lending protocol that enables uncollateralized crypto loans is now live on Polygon


Atlendis Labs is excited to announce the launch of the Atlendis protocol on Polygon mainnet, a full-stack Ethereum scaling solution, bringing innovative uncollateralized crypto loans to institutional borrowers in the Polygon ecosystem. The Atlendis protocol will complete existing DeFi offerings by unlocking a wide range of capital-efficient use cases for Web3 actors, as well as Web2 entities looking for exposure to crypto on Polygon and the Ethereum ecosystem at large.

Why Did Atlendis Labs Choose to Launch on Polygon?

Atlendis’ integration with Polygon opens up a vast, diverse and rapidly growing ecosystem of dApps, in which the Atlendis protocol intends to play its part in laying solid foundations for more capital-efficient DeFi use cases through institutional uncollateralized lending. Atlendis will benefit from a rich dApp ecosystem allowing strategic integrations with established protocols and platforms such as Aave, The Graph, Gnosis Safe or X-Margin. Polygon’s EVM (Ethereum Virtual Machine) compatibility also facilitates integration with the smart contracts originally deployed by the Atlendis Labs’ team on Ethereum testnets, and it supports familiar developer toolboxes to further enhance the Atlendis protocol.

How Polygon Will Benefit Atlendis Users

In terms of user experience, Atlendis Labs expects that the adoption of Polygon’s scalability solution will bring a myriad of benefits. Polygon’s Proof-of-Stake (PoS) blockchain specifically offers high security standards as it leverages Ethereum’s security features, which is fundamental for the Atlendis protocol and its users. Polygon will simultaneously expand its offering to even more secure solutions such as a zero-knowledge rollup (ZK-rollup) with Polygon Hermez, Zero, Miden, Nightfall. 

Thanks mainly to its Proof-of-Stake architecture, transaction execution and confirmation speed is also greatly improved over Ethereum’s relatively slower confirmation times, which every user will appreciate.

Finally, some of the Atlendis protocol’s innovative features translate into relatively more complex smart contracts’ logic that compute more operations and can be gas intensive. Smaller wallets with investment capacities below 5 digits would have a large portion of their profit slashed because of Ethereum’s high gas fees. The contained gas fees that Polygon is well known for (as transactions can be more than a thousand times cheaper than on Ethereum) thus enable a wider audience of lenders to interact with the Atlendis protocol.

Polygon also facilitates institutional borrowing on the Atlendis protocol. Whether it be for multisig wallets or KYC solutions, main actors in the industry including Gnosis Safe or X-Margin operate on Polygon. When it comes to the usability of the network for professionals, borrowers can benefit from high transaction speed and low network fees and congestion, which is consistent with the use cases addressed by Atlendis.

Both lenders and institutional borrowers on the Atlendis protocol can take advantage of Polygon’s advanced integration within the Ethereum ecosystem, opening cross-chain possibilities and dApp interoperability. For instance, lenders and borrowers can easily transfer funds from a centralized exchange (CEX) such as FTX directly to Polygon, or a CEX to a Layer 2 bridge like LayerSwap, or using cross-chain bridges like Hop protocol.

Ultimately Polygon offers a well-known, integrated and valuable scaling solution for Atlendis users. The Atlendis protocol will be able to scale on the largest multi-chain ecosystem in the world, Ethereum, where institutional lending is gaining traction. Atlendis Labs and the community believe that this is where capital-efficient liquidity will be in highest demand, and therefore, this was a deciding factor to launch on Polygon.

What’s Next

The launch of the Atlendis protocol V1 is a significant milestone for Atlendis, but the Atlendis Labs team is already working on further developments and a public roadmap.
We are excited that Alexis Masseron, Atlendis Labs’ CEO will be participating in an upcoming AMA with Polygon. 

About Atlendis

Atlendis is a capital-efficient DeFi lending protocol that enables uncollateralized crypto loans. Institutional borrowers can obtain flexible and competitive loan terms. Uncollateralized loans function as a revolving line of credit, giving borrowers flexibility for recurrent and short term liquidity needs. Lenders earn high returns on actively loaned out capital and have granular control over their investment portfolios. Unused capital is placed on a trusted third-party liquidity protocol, while simultaneously earning additional returns from Atlendis. There is no idle capital on Atlendis. Atlendis enables trusted borrowing and lending, opening a wide range of use cases for borrowers. | | Whitepaper | LinkedIn | Twitter | Discord | Newsletter | Audit Report by Runtime Verification | Audit Report by PeckShield 

About Polygon 

Polygon is the leading blockchain development platform, offering scalable, affordable, secure and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with 19,000+ decentralized applications hosted, 1.6B+ total transactions processed, 142M+ unique user addresses, and $5B+ in assets secured. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.
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