DeFi lending protocol Atlendis opens a $2 million lending pool for Banxa

2023-05-16 15:08:50

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ChainCatcher news, according to Coindesk, the DeFi lending protocol Atlendis has deployed its upgraded version on the Polygon mainnet and opened a $2 million lending pool for payment service provider Banxa. Atlendis CEO [Alexis Masseron](https://www.rootdata.com/zh/member/detail/Alexis Masseron?k=MTQ4NzY=) stated that more lending pools will be established with fintech companies in the coming months.

It is reported that this upgrade allows borrowers to choose to repay early before maturity or extend part of the outstanding credit, introduces compliance options, allowing the fund pool to operate without permission or through KYC checks, and increases due diligence on borrowers. Banxa, as a popular on-ramp and off-ramp service between fiat and cryptocurrency, will use the credit line provided by Atlendis to support its liquidity needs for daily trading volume.

According to Rootdata data, Atlendis completed a $4.4 million seed round financing on December 8, 2021, led by Lemniscap, with participation from ParaFi Capital, DeFiance Capital, and others. (Source link)

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Atlendis Banxa DeFi lending protocol

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