Atlendis welcomes AA institutional borrower Parallel Capital, a delta neutral high frequency market maker
Atlendis, a decentralized credit protocol that enables transparent lending, announced the opening of a new borrower pool for Parallel Capital, a delta neutral high frequency market maker.
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Established in 2018 by a team of trading experts from Wall Street and Silicon Valley, Parallel Capital is connected to every major exchange and provides consistently deep liquidity throughout the cryptocurrency ecosystem 24/7/365, using the most accurate and low latency pricing models via its proprietary trading algorithms.
Following the launch of Atlendis, Parallel Capital will be able to benefit from the protocol as an institutional borrower with a credit scoring of AA. Parallel Capital has opened its first revolving line of credit on Atlendis with an initial credit limit of 5 million dollars and denominated in USDT.
“We are excited to work with recognized institutional actors with high standards and an AA track record such as Parallel Capital,” said Alexis Masseron, Co-Founder and CEO of Atlendis Labs.
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“Atlendis has been designed to bring the benefits of DeFi to users by providing full transparency
and access to more sustainable sources of yield.”
“Parallel Capital is pleased to support the transparency, fairness, and intuitiveness of the Atlendis platform as a high quality borrower so we can all contribute to improving DeFi as an industry, and it’s been an absolute pleasure working with the talented and professional Atlendis Labs team. We look forward to continuing our track record of providing steady and sustainable yields to lenders on Atlendis,” said Han Chang, Co-CEO at Parallel Capital.
Benefits for Parallel Capital on Atlendis On Atlendis, Parallel Capital will have access to efficient capital and a recurring line of credit.
Atlendis’ features allow for a fair interest rate discovery that reflects the market assessment of
Parallel Capital’s creditworthiness. A viable funding solution for organizations that need flexible
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