DeFi lending service company Altitude completes US$6.1 million in seed round financing
DeFi lending service company Altitude announced the completion of a $6.1 million seed round of financing, with Tioga Capital, New Form Capital, Flow Ventures, UDHC, GSR, Owl Ventures and others participating. The Altitude protocol automatically manages collateral debt by adjusting the loan-to-value (LTV) ratio in real time, which can maximize capital efficiency while maintaining a safe liquidation risk situation. It is reported that Altitude has successfully completed on-chain testing and will soon enter the closed testing phase.
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