Atlendis, the capital-efficient DeFi credit protocol that enables institutional crypto loans without collateral, announced today the opening of a borrower pool for Wintermute, a leading global algorithmic market maker in digital assets.
Following the launch of Atlendis, Wintermute is the first institutional borrower on the Atlendis protocol with a credit scoring of AA. Wintermute has opened its first revolving line of credit on Atlendis with an initial credit limit of 10 million USDC.
“These past few weeks have been a rollercoaster and an unprecedented supercycle. Now more than ever, users want transparency, custody of their assets, and access to more sustainable sources of yield. Being able to directly lend to recognized institutional actors such as Wintermute with an AA credit score is an amazing opportunity for lenders to diversify their portfolios and risk exposure,” said Alexis Masseron, Co-Founder and CEO of Atlendis Labs.
“One of the most important outcomes of recent weeks has been the further confirmation of use cases for protocols such as Atlendis. Decentralized uncollateralized loan protocols provide one thing that centralized lenders don’t, and that is full transparency. After undergoing a decentralized whitelisting process, Wintermute will tap into Atlendis’ liquidity pool that provides flexible and competitive borrowing terms,” said Evgeny Gaevoy, Co-Founder and CEO of Wintermute.
Benefits for Wintermute on Atlendis
On Atlendis, Wintermute will have access to efficient capital without collateral. Atlendis’ features allow for a fair interest rate discovery that reflects the market assessment of Wintermute’s creditworthiness. Atlendis is a flexible and powerful tool that allows borrowers to receive instant liquidity when they need it to meet their recurring needs.
Benefits for Lenders on Atlendis
The addition of multiple borrowers on the Atlendis protocol enables liquidity providers to diversify their risk exposure and build an investment portfolio that corresponds to their risk profile. Wintermute will offer liquidity rewards to their pool, boosting passive APY earned by lenders while waiting for Wintermute to use their credit line on Atlendis.
Atlendis aims to continue to onboard the best AA actors onto the Atlendis protocol and to address new use cases for uncollateralized lending. Capital-efficient credit protocols are essential to the overall DeFi ecosystem and there is a growing pipeline of borrowers including leading crypto and TradFi institutions that should be opening pools on Atlendis soon.
Interested borrower candidates can contact Atlendis Labs to apply for access to revolving lines of credit on the Atlendis protocol.
Atlendis is a capital-efficient DeFi credit protocol that enables uncollateralized crypto loans. Institutional borrowers can obtain flexible and competitive loan terms. Uncollateralized loans on the Atlendis protocol are similar to revolving lines of credit, giving borrowers flexibility for recurrent and short term liquidity needs. For lenders, Atlendis enables higher returns with granular control over their risk profile. Lenders can earn high interests on actively loaned out capital and unused capital will be placed on a trusted third-party liquidity protocol. There will be no idle capital on Atlendis. Atlendis enables trusted borrowing and lending, opening a wide range of use cases for borrowers.
Wintermute is a leading global algorithmic trading firm and one of the largest players in digital asset markets. With an average daily trading volume of over $5bn, Wintermute facilitates OTC trading of 350+ tokens and provides liquidity across 80+ centralized and decentralized exchanges. Wintermute is an active player in the ecosystem, and invests in early stage DeFi projects, provides market making services for high profile blockchain projects, and overall supports builders of decentralized finance.