# Altitude Launches Public Collateral-Optimized Lending Platform
## Introduction
Altitude, a DeFi lending platform, is now open to the public with its collateral-optimized lending service after successfully completing an eight-month private beta phase. This lending platform offers automated strategies for efficient collateral management in lending and borrowing activities. Discover more about Altitude’s innovative approach to capital efficiency in the DeFi sector.
### Collateral-Optimized Lending Service
Altitude has officially launched its public collateral-optimized lending platform, which provides users with automated solutions for managing collateral efficiently.
During the beta testing period, Altitude garnered over $5 million in total value locked (TVL) from whitelisted participants, indicating strong interest and confidence in the platform.
### Efficient Collateral Management
Users of Altitude’s lending platform can effectively manage onchain borrowing while ensuring optimal capital efficiency and preventing under-collateralization. This approach enhances the overall safety and security of lending and borrowing activities.
#### Automated Rebalancing
Altitude stands out with its advanced automated rebalancing capabilities, which automatically adjust borrowing positions in response to collateral price movements for assets like Bitcoin (BTC) and Ethereum (ETH).
The platform’s dashboard provides insightful loan health metrics based on loan-to-value (LTV) ratios, empowering users with control over parameter adjustments and enabling informed decision-making.
#### Capital Efficiency Solutions
Altitude addresses capital efficiency challenges commonly faced in DeFi by enabling users to borrow at higher LTV ratios, thereby maximizing the utilization of capital resources. Beta users have reported improved efficiency and simplified borrowing procedures, allowing them to focus on generating yield opportunities.
### Strategic Funding and Market Positioning
Altitude secured $6.1 million in funding from prominent web3 venture capital firms such as Tioga Capital, New Form Capital, and GSR. This substantial investment highlights the platform’s potential and promising future prospects.
Positioning itself as a pioneering DeFi protocol, Altitude offers automated rebalancing for borrowing activities based on collateral price fluctuations. Its public launch extends access to DeFi users, providing them with lending and borrowing functionalities through a user-friendly interface, streamlining the process and facilitating yield generation on crypto assets.
## Conclusion
With its public launch, Altitude introduces a game-changing approach to collateral-optimized lending in the DeFi landscape. Discover the platform’s advanced features and how it revolutionizes borrowing strategies for improved capital efficiency and enhanced user experience. Experience the future of decentralized finance with Altitude’s innovative lending solutions.