Atlendis v2
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Lender FAQ

General

What is the Atlendis protocol?

Atlendis is a capital-efficient DeFi protocol enabling uncollateralized crypto lending to institutional borrowers. Atlendis enables lenders to deposit digital assets in a single pool per asset and per borrower, and to earn liquidity rewards while funds are unused and additional rewards as funds are lent out.

Has the Atlendis protocol been audited?

The Atlendis protocol v2 has been audited by two independent audit companies. Audit reports are being finalised, and will be shared once ready, shortly after v2 is released.

Who can use the Atlendis protocol?

Anyone can use the protocol to lend assets. Only whitelisted institutional borrowers can take out a loan, for more information please refer to the borrower FAQ.

On which network/blockchain is the Atlendis protocol operating?

At launch, the Atlendis protocol is operating on the Polygon network.

Position

What is a position?

Each liquidity provider’s deposit on the Atlendis protocol is characterized by a position. The positions are represented by an NFT with original artwork. A position is characterized by:
  • Borrower pool
  • Chosen lending rate
  • Amount actively borrowed by the borrower
  • Amount not currently borrowed

What type of assets can a lender deposit into a borrower pool?

All pools on the Atlendis protocol are single-asset pools. The type of assets that lenders can deposit on the Atlendis protocol vary from pool to pool, and the borrower decides the asset they wish to borrow at the pool’s creation. Lenders can filter the pools by asset type in the “Atlendis” section of the dApp.

Where can I find information on the borrower?

Information about the borrower is available on the borrower's pool page.

Why are my funds currently not actively loaned out?

Either the borrower is not currently borrowing from their pool, or other liquidity providers in the pool have set lower lending rates and therefore, their funds have been lent on a priority basis.

How can lenders know if their funds are going to be borrowed when choosing their lending rate?

Looking at the borrower's preferred rates range and the volume weighted average lending rate should give lenders an indication of how likely their funds are to be borrowed.

Where can one find a summary of their position?

This can be found on the position page of the dApp.

How should a lender choose their lending rate?

The lender's lending rate should depend on the lender’s own risk assessment of the borrower’s default risk.

Is there a limit for lending rate?

Yes, the chosen lending rate must remain within a range set at the pool’s creation time.

Why is there a preferred borrowing rate range ?

The range is provided by the borrower. It is an indication of the rate at which the borrower might be willing to borrow. Having a preferred rate range serves as reserve price and removes the risk of a borrower never using their pool, which would be detrimental for lenders.

What is the maturity of a loan?

The maturity of a loan is a parameter that is fixed at the opening of the pool and visible on the pool’s description card.

Position Management

Are lenders’ funds withdrawable at any time?

Funds that are not actively loaned out are withdrawable at any time. Funds that have been loaned out can be withdrawn depending on the available amount of liquidity in the pool.

Can liquidity providers change their lending rate?

Liquidity providers can change their position's lending rates as long as their funds are not actively loaned out.

Are there any fees to deposit and/or withdraw on the Atlendis protocol?

A withdrawal fee of 10bp is applied to withdrawing position.

What is the roll over period?

Are the Atlendis protocol’s interests compounded?

Yes, interest earned on the Atlendis protocol is calculated based on both the initial deposit amount and the accumulated interest.

Who bears the loss in case of a borrower default?

In the first iteration of the Atlendis protocol, liquidity providers of a specific pool cover the loss if the borrower defaults on that pool.