Atlendis | DeFi credit protocol for real-world businesses (2024)

FAQs

Atlendis | DeFi credit protocol for real-world businesses? ›

First, the borrower will contact Atlendis (to provide specifics of their liquidity needs, use case, assets to borrow, etc.) at contact@atlendislabs.io or through the Atlendis Discord. The borrower will then go through the credit scoring process to become approved/whitelisted.

First, the borrower will contact Atlendis (to provide specifics of their liquidity needs, use case, assets to borrow, etc.) at contact@atlendislabs.io or through the Atlendis Discord. The borrower will then go through the credit scoring process to become approved/whitelisted.

Ethereum blockchain protocols like Aave, Compound and Maker have become the most prominent platforms for DeFi lending. Each one allows users to lock their funds in the platform, but smart contracts govern how they work. No third-party can change the underlying code or contracts.

Crypto Flash Loans Also Don't Require Collateral

Flash loans are unsecured loans offered on some DeFi protocols. These DeFi protocols don't require collateral because the loan is typically paid back in the same transaction, using a smart contract that generally pays the loan (with interest) in just a few minutes.

Decentralized lending platforms provide loans to businesses, or the public with no intermediaries are present. On the other hand, DeFi lending protocols enable everyone to earn interest on supplied stable coins and cryptocurrencies.

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Synthetix is one of the best DeFi projects that can make you rich in 2023. The protocol provides liquidity for many other DeFi platforms, which is a useful and necessary service for DeFi users. dApps such as Lyra, 1Inch, and Curve, use the liquidity provided by Synthetix to supply DeFi users with a reliable service.

Key to DeFi is an ever-increasing set of protocols, which are rules that govern specific systems for DeFi participants. Total value locked (TVL) is a key metric used to gauge the health and size of different DeFi protocols. The largest DeFi protocol as of mid-2022 was MakerDAO, with a TVL of over $7.5 billion.

Aave, QuickSwap, Balancher, Uniswap V3, Beefy

Let's take a quick look at the top 5 DeFi protocols on Polygon, according to Total Value Locked (TVL) calculated by DefiLlama, including: AAVE, QuickSwap, Balancer, Uniswap V3, and Beefy.

What is flash loan? ›

A flash loan is a type of uncollateralized loan that lets a user borrow assets with no upfront collateral as long as the borrowed assets are paid back within the same blockchain transaction.

Because cryptocurrency is relatively new, most lenders do not specifically prohibit using loan money for this purpose. Many lenders also do not ask what you are using the money for.

Crypto lenders don't require a credit check as part of the loan process. Next, you can select the type of loan you want by the LTV you are comfortable with, your loan amount and repayment term. Most lenders have calculators to see how much you can borrow and the amount of collateral required for your loan amount.

Aave is a decentralized lending and borrowing protocol that allows users to earn interest on their crypto assets and borrow against them. Aave is one of the most popular DeFi protocols in the Polygon ecosystem, with over $175 Million in total value locked as of February 2023.

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