Collateralized loans often get overcollateralized and capital-inefficient due to the inherent volatility of the crypto markets.
Altitude provides a seamless solution by actively managing your loan’s debt and collateral in real-time, optimizing your capital efficiency.
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ABOUT
When you borrow via Altitude, your loan and collateral will be with one of the leading lending pools, such as AAVE or Compound.
Altitude makes sure you get the best interest rates and uses your collateral efficiently to pay down your loan. We focus on keeping borrowing costs low and earning from your collateral.
HOW IT WORKS
Borrowing via Altitude works in the same way as with most other lending pools - you provide collateral and borrow as much as required. Altitude will indicate the health of the loan, based on the LTV, as you configure the desired parameters.
When the value of your collateral increases, Altitude will borrow against it and deploy that capital into generating yield, which is used to pay back your loan. When the value of your collateral decreases, Altitude will simply send the funds back to the lending pool to maintain a healthy LTV.
As soon as Altitude detects a lower rate with any of the supported lending pools, the loan gets automatically refinanced to the new rate.
BENEFITS
When it becomes clear that loan doesn’t need all of your available collateral, Altitude puts it to good use by letting it generate yield. When your collateral is suddenly needed back, Altitude automatically rebalances your loan to maintain the LTV.
As the value of your collateral increases and your loan becomes overcollateralized, Altitude automatically utilizes the unused collateral for generating yield, which in itself helps to reduce the size of the loan over time.
The yield generated by Altitude is continuously auto-compounded to extract the most value out of your collateral.
Altitude’s radar continuously scans the leading debt pools for a lower interest rate. Your loan gets automatically refinanced to the best possible rate the very second it becomes available.
What’s the catch? No catch! Your loan and collateral are still executed via one of the leading lending pools (AAVE, Compound, etc.), but Altitude’s real-time management algorithm works hard to continuously optimize the overall economics of your loan.
By actively utilizing dormant capital, Altitude is able to generate yield, which is used to reduce the size of the loans over time.
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