This page introduces the Borrowers that have at least one borrowing pool on the Atlendis protocol and the general purpose of their borrowing activities on Atlendis
Navigating the tabs bellow, you will learn about each borrower's main activities and the deployment logic for the funds borrowed through Atlendis.
Auros will be using the fund to further scale its delta-neutral trading strategies and improve capital efficiency across all of our strategies leading to incremental benefits for all of Auros’ partners.
"Uncollateralized loans are a critical component of our credit exposure, in order to assist capital efficiency and scale the deployment of our strategies. With an excellent track record in times of increased volatility, we will continue to build our credit history and reputation with Atlendis to scale our credit limit and improve our lending terms. As we continue to increase our activity in the decentralised borrowing space, launching a pool at Atlendis is also a way of diversifying our sources of capital, and optimizing risk management.”
David Rogers, Auros' COO
Atlendis’ solution is innovative and offers great degree of flexibility in a new way, since borrowers can specify the size and rate they want to lend at, conducive to efficient liquidity discovery. We are also very excited to see more innovation in Atlendis v2, such as tokenizing loans as NFTs making them tradable on secondary markets. We are thrilled to see innovation in the lending and borrowing space.
Auros is an algorithmic trading and market-making firm founded by derivatives traders and trading system architects with over 20 years of experience, generating daily notional turnover in billions of dollars. Auros’ technological heritage combines sophisticated pricing models and state-of-the-art execution capabilities, delivering robust and reliable trading performance. Their unique partnership-based approach to external liquidity provision has rapidly established them as a go-to market maker for token projects. Auros also has deep expertise in structured product trading, DeFi optimization, and liquidity-led investments.
Credora’s scoring: A
- Market making
- Delta neutral strategies
- High frequency trading
Atlendis’ features allow for a fair interest rate discovery that reflects the market assessment of Wintermute’s creditworthiness. Atlendis is a flexible and powerful tool that allows borrowers to receive instant liquidity when they need it to meet their recurring needs.
Founded in June 2017, Wintermute Trading Ltd is a market-neutral market-maker and proprietary high-frequency trader. Active in CeFi and DeFi markets, we provide liquidity to over 50 crypto exchanges and trade over $6bn daily across more than 200 digital assets.
Based in London, UK, Wintermute’s most recent Series B round was led by Lightspeed Venture Partners and Pantera Capital. With 70 employees and growing, Wintermute looks forward to continuing to provide liquidity and fair markets, fuelling the further growth and adoption of cryptocurrency.
Wintermute Trading follows a market-neutral trading strategy. With as close to zero positional risk as possible, Wintermute strives to provide the best and fairest liquidity to the demands of the global crypto market.
Credora’s scoring: A
Established in 2018 by a team of trading experts from Wall Street and the 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.
Credora’s scoring: AA
Rhino will use the pool to issue 48-hour maturity bonds and engage in market neutral strategies. The main focus will be to support innovative features such as cross-chain swaps across layers of the Ethereum ecosystem, and fast-withdrawal bridges by bringing liquidity and depth when trafic intensifies.
“Atlendis is a unique protocol that allows Rhino to access short term, revolving and under-collateralized borrowing to fund Rhino's fast-withdrawal service and multi-chain bridges. We aim to initially borrow USDC from Atlendis and scale to other pools as our cross-chain features roll out,” Ross Middleton, Co-Founder of Rhino.fi
Rhino.fi operates collateralised bridges between Polygon, StarkEx and Ethereum L1. These bridges can become depleted during periods of heavy use, such as when rhino.fi users are bridging funds or are using the cross-chain swap feature. Instead of closing the various bridges whilst the rhino.fi operator moves collateral to the smart contract where it is needed, we can use Atlendis to access short term revolving credit lines. As we only need the funds for a short period of time whilst we rebalance our bridges, having a revolving credit line where we only draw down what we need, and pay for what we use, is a really powerful tool for us and ultimately means we can pass those borrowing cost savings onto the end rhino.fi user
Rhino is the technological consecration of several years of decentralized exchange development. The Rhino team developed innovative solutions solving a number of crucial problems faced by decentralized exchanges with the end-goal of building a non-custodial exchange suitable for professional traders — frequent day traders, algorithmic funds and arbitrage traders — while offering a speed and security advantage over existing centralized venues. In short, to deliver all the important pillars of profitable trading with all the advantages of self-custody.
Rhino is an extremely fast, deeply liquid and private non-custodial trading portal built on Ethereum and harnessing StarkWare’s Layer-2 scaling technology (ZK-Rollup/Validium). Rhino provides high-speed API and UI access to some of the industries deepest order-books, allowing for 9,000+ transactions per second, privacy-by-default, competitive fees, and withdrawal-certainty, meaning users are always in full control of their assets and can move in and out at speed.
Credora’s scoring: BB
ZigZag will use the borrowed funds to top-up and provide liquidity for its market-makers across Arbitrum and zkSync 1.0. Additionally, ZigZag also operates a fast withdrawal bridge between zkSync and Ethereum, allowing users to bypass the long withdrawal times of zkSync. The liquidity will also be used to top-up the bridge.
ZigZag deploys several market-makers across Arbitrum and zkSync, supporting various trading pairs. To be able to continue smooth operations with adequate liquidity, an under-collateralized loan had to be utilised, thus Atlendis was chosen for this specific purpose.
ZigZag is a decentralised order-book exchange that’s built on top of zkSync 1.0 and Arbitrum, which are rollups on Ethereum. ZigZag’s orderbook model allows it to offer unparalleled price-quotes to its users, due to market-makers utilising price-feeds from various centralised exchanges and oracles, all while being fully decentralised.
Additionally, ZigZag offers a very competitive protocol fee. Which is 0.05% taker, and 0% maker fee on Arbitrum.