The capital efficient Credit protocol

Atlendis is a capital-efficient DeFi credit protocol
that enables crypto loans for vetted institutions

Capital-Efficient
Atlendis is creating a more capital-efficient environment for uncollateralized crypto loans through its DeFi lending protocol using blockchain technology.
Borrowing
Uncollateralized loans will function as a revolving line of credit, giving borrowers flexibility for recurrent and short term liquidity needs.
Lending
Lenders will benefit from higher returns than overcollateralized lending platforms, while having granular control over their investment portfolios.
Crypto Loans without Collateral - JellyFi
UNCOLLATERALIZED LOANS

WHAT DOES ATLENDIS DO?

Most DeFi applications require institutional borrowers to over-collateralize their loans using crypto as collateral, limiting the wide range of use cases possible with crypto lending. Collateralized loans not only restrict borrowers from using capital how and when they want, but also limit the potential for enhanced return for lenders.

Atlendis is a capital-efficient DeFi lending protocol that enables crypto loans without collateral, where institutional borrowers can obtain competitive loan terms, and lenders get access to higher returns while having more granular control over their investment portfolios. Zero-collateral loans are similar to a revolving line of credit where the borrower only has to pay a liquidity fee on unused capital in their own liquidity pool.

WHITELISTED BORROWERS

HOW DOES IT WORK?

Institutional borrowers include trusted dApps and protocols.

Once borrowers are whitelisted, the Atlendis protocol only uses specific liquidity pool(s) per borrower that strengthens security. Borrowers have access to instant loans at a fair rate via Atlendis's bid order book. Borrowers have flexibility on the Atlendis protocol as they do not have to lock any collateral in order to meet their needs for recurrent and short-term liquidity. Interest and principal on the crypto loans are repaid at maturity.

Lenders have the ability to choose the borrowers that they trust to lend to, as well as their preferred lending rate. This gives lenders more granular control over their portfolios as they are able to make their own risk assessment, and select their lending rate based on their investment profile. An NFT represents each lending position with original artwork.

Uncollateralized Crypto Loans - JellyFi

In partnership with industry-leading investors

BORROWING

Borrowing Crypto

Atlendis’ protocol for uncollateralized borrowing encompasses the values of permisionlessness and trustlessness of blockchain technology.

Whitelisted borrowers get access to a liquidity pool they can withdraw from that functions similar to a revolving line of credit. Each liquidity pool may only be used by one borrower and it is not limited in size. Borrowers can borrow up to a pre-agreed limit and repay from their liquidity pool as needed, only paying a liquidity fee on unused capital and interest fees on used capital.

Borrowing Crypto

For example, if a borrower only uses 20 ETH from their liquidity pool and has a borrowable capacity of 100 ETH, they pay a liquidity fee on the 80 unused ETH and a borrowing fee on the 20 borrowed ETH. At maturity of the loan, the borrower will repay their position with interest and can then withdraw from their liquidity pool without going through the whitelisting process again. This allows the borrower much more flexibility to access capital when and how it is needed.

In other words, Atlendis enables trusted borrowing and lending through its capital-efficient DeFi lending protocol and opens up a wide range of use cases for borrowers.

LENDING

Lending Crypto

Lenders on the Atlendis protocol have more control over their risk exposure compared to uncollateralized lending platforms that use shared liquidity pools. Lenders get more granular control over their portfolios.

With the Atlendis protocol, lenders can perform their own risk assessment, specify their preferred lending rate, and choose who they lend to. Lenders do not have to lend to borrowers they do not trust, or expose themselves to unnecessary defaults because they got outvoted during loan approval. Lenders also do not have to wait for any minimum loan or terms to be agreed upon by a DAO. An NFT represents each lending position with original artwork that can be resold.

Earn interest on crypto loans

Lenders earn interest on used capital corresponding to the lending rate they selected when they entered the liquidity pool. In addition, idle capital is placed on a trusted third-party liquidity protocol, and lenders can benefit from its APY and earn a reward fee from the Atlendis protocol corresponding to the liquidity fee paid by the borrower. Therefore, lenders benefit from both earning a reward fee on top of the third-party yield provider’s APY on unused capital, and earning interest on used capital on the Atlendis protocol. By choosing which borrowers to lend to and their lending rate, lenders have more control over their risk profile.

FEATURES

Atlendis has created a more capital-efficient environment for crypto loans through its decentralized finance (DeFi) lending protocol using blockchain technology. Each pool creates recurring liquidity that borrowers can withdraw from when they need it, similar to a revolving line of credit. As a result, borrowers are not forced to post collateral to get capital, unlocking a much more comprehensive range of use cases at the institutional level.

Zero-collateral loans are similar to a revolving line of credit where the borrower only has to pay a liquidity fee on unused capital in their own liquidity pool. Whitelisted borrowers get access to open a crypto credit line through a liquidity pool that is limited in size by the maximum amount they might need to borrow. Thus, borrowers can borrow and repay from their liquidity pool as needed, only paying a liquidity fee on unused capital and interest fees on used capital.

The bid order book is built around the concept of fair rate discovery. This allows lenders to specify the rate they are willing to lend funds to the borrower of their choice. Borrowing always starts from the lowest bid rate to the highest bid rate, which allows the interest rate to be discovered by the market.

Once a lender chooses a borrower, an NFT is generated on-chain that represents the parameters of the agreement. Each NFT comes with unique artwork. In addition, the NFT displays essential information about the agreement between the borrower and lender that can be viewed on-chain at any time. Each position can be sold to another person.

“Atlendis is a pure example of a new iteration of protocols in DeFi, going by the name of DeFi 2.0…Top team, pressing pain point, and first-class product design are just some of the reasons why we decided to lead the round for Atlendis”
Roderik van der Graaf, Managing Partner at Lemniscap

Latest news

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FAQ - Atlendis

Don't panic, it's FAQ now

Crypto loans without collateral are loans without the need to post collateral to obtain capital. On the Atlendis protocol, institutional borrowers need to be whitelisted and will then only pay a liquidity fee on unused capital and interest and fees on used capital.

Crypto loans without collateral open up a more comprehensive range of use cases needed for borrowing at the institutional level. In addition, borrowers are provided a recurring pool of liquidity they can withdraw from at any time to meet their liquidity needs, similar to a revolving line of credit.

The Atlendis protocol works with whitelisted institutional borrowers and aims at creating an environment of trustlessness and permisionlessness. 

Atlendis is a capital-efficient DeFi lending protocol that enables uncollateralized crypto loans, encompassing the spirit of permissionlessness and trustlessness of Ethereum blockchain technology. The borrower specific liquidity pool system gives lenders more control over their risk exposure. This creates a trusted borrowing and lending environment.

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