Atlendis is a new kind of lending platform that uses blockchain to change how people borrow and lend money. It's special because it lets people or businesses get loans without needing to give collateral, which is not common in the DeFi world.
What is Atlendis
Here’s how it works:
- Direct Lending: Atlendis connects borrowers directly with lenders. This is especially helpful for small and medium businesses that often struggle to get loans.
- Uncollateralized Loans: Borrowers don't need to provide security for the loan, which is a big change from how usual DeFi lending works.
- Polygon Network: Atlendis runs on the Polygon blockchain, known for being efficient and cost-effective.
- Revolving Credit Lines: This feature gives borrowers the flexibility to use funds as needed, with clear dates for paying back. Lenders earn interest, which they set themselves.
- Rate Setting: Lenders can choose the interest rates they want, giving them control over their investments.
- Unique NFT for Each Lender: Every lender's stake is represented by a special NFT, making investments transparent and unique.
Atlendis is all about making lending more efficient and accessible, especially for businesses that need funds. By using blockchain, it offers a more flexible and user-friendly approach to borrowing and lending.
Team of Atlendis
Alexis Masseron
Co-founder & CEO
Alexis Masseron co-founded Atlendis Labs, where he is at the forefront of creating a decentralized lending protocol to facilitate alternative financing. His expertise is rooted in a solid engineering education and hands-on experience in blockchain technology at ConsenSys, coupled with entrepreneurial ventures like The Block Cafe, showcasing his commitment to integrating crypto into business solutions.
Charlotte Eli
Co-Founder - Research Director
Charlotte Eli co-founded Atlendis Labs and serves as its Research Director, bringing expertise from her roles in quantitative research at ConsenSys and Exane BNP Paribas, and financial analysis at London and Capital. Her academic credentials are anchored by a Master's in Financial Engineering from EPFL and a Data Sciences degree from Télécom Paris.
Atlendis review
Pros
Capital Efficiency
Facilitates loans with reduced capital needs for borrowers.
Global SME Access
Streamlines lending, enhancing funding accessibility for SMEs.
Banking Independence
Lessens dependence on traditional financial institutions.
Market-Based Rates
Uses a bid-only order book for organic interest rate determination.
Predictable Returns
NFT parameters help liquidity providers estimate yields.
Controlled Credit Risk
Whitelists borrowers and lets lenders set risk preferences.
Cons
Liquidity Challenges
Potential issues with borrowing limits and lender withdrawals.
Higher Default Risk
Uncollateralized lending increases the likelihood of borrower defaults.
Regulatory Flux
Ongoing changes in DeFi regulations could affect operations.
Smart Contract Risks
Possibility of bugs or vulnerabilities in the platform's contracts.
Non-Transferable NFTs
Limits on transferring NFT positions may affect investor flexibility.
Whitelisting Reliance
Heavily depends on thorough whitelisting for risk management.