DeFi lending platform Altitude hits $10M in deposits

DeFi protocol Altitude has reached over $10 million in total value locked (TVL) following its public launch, according to information shared with Finbold on July 14.  The collateral-optimized lending platform achieved this milestone in less than a month after completing its private beta in mid-June. Bitcoin (BTC) and Ethereum (ETH) deposits have doubled to $10 million since the private beta conclusion, driven by retail users seeking to optimize their crypto collateral for borrowing.  Altitude’s protocol automatically rebalances borrowing based on collateral price fluctuations to maintain optimal loan-to-value (LTV) ratios source: https://finbold.com/defi-lending-platform-altitude-hits-10m-in-deposits/