Atlendis Crypto Platform

Atlendis is different from other crypto lending and borrowing protocols in that it has whitelisted borrowers who can get a loan without depositing collateral within their credit limits. This means that the loans on the Atlendis protocol are unsecured, and the process mainly relies on the established trust between parties. This is a departure from the standard practice in the industry, where collateral is required.

The web app of the platform has a very simple and user-friendly design. A big banner on the top with the question "First time on Atlendis?" meets users and directs them to the Tutorials page. Users can connect to the platform by clicking the "Connect" button on the top right. The platform supports almost all popular web wallets, including MetaMask, WalletConnect, Rainbow, Coinbase Wallet, and Trust Wallet. Connecting and using the platform is permissionless with complete anonymity. The protocol doesn't offer any swap, exchange, or trade services.

Atlendis has a partnership with the ANGLE protocol, and ANGLE DAO has invested in the Atlendis pools in exchange for some collaterals. This partnership further enhances the reliability and credibility of the Atlendis platform.

According to the company's blog page, Atlendis protocol has raised $4.4 million in funding from Tioga Capital, Lemniscap, ParaFi Capital, and other VCs. This funding will help the team further develop and improve the platform's capabilities and services.

In terms of security, Atlendis has audit reports and partnerships for bug bounty programs. The protocol doesn't have any noticeable mark in its history in terms of hacks or exploits. But given the protocol's young age, users should use it with caution and conduct their own research before depositing funds.

In conclusion, Atlendis is a promising non-custodial lending and borrowing protocol that offers a unique approach to DeFi when we compare crypto platforms. Its whitelisted borrower feature and the establishment of trust between parties sets it apart from other protocols in the industry. The simple and user-friendly web app design, coupled with the partnership with ANGLE DAO, makes it a reliable and credible platform. While the protocol is still relatively new, it has a good track record in terms of security and funding. It will be interesting to see how Atlendis evolves and grows in the future.

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