Data: DeFi lending service company Altitude completes $6.1 million seed round financing

ChainCatcher news, DeFi lending service company Altitude announced the completion of a $6.1 million seed round financing, with participation from Tioga Capital, New Form Capital, Flow Ventures, UDHC, GSR, Owl Ventures, and others.

It is reported that the Altitude protocol automatically manages collateralized debt by real-time adjusting the loan-to-value (LTV) ratio. This method maximizes capital efficiency while maintaining a safe liquidation risk status. It is said that Altitude has successfully completed on-chain testing and will soon enter the closed testing phase.