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Altitude

Altitude

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DeFi protocol offering actively managed collateralized loan

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Project Overview

Altitude automates the management of user loans and collateral in real time, across established lending pools and yield aggregators. When users take out loans from the Altitude vault, Altitude optimizes everything by continuously refinancing loans at the best available rates, actively managing dormant capital to generate yield, channeling the generated yield towards reducing debt, and continuously monitoring users' credit scores.

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Michael Coates: Appointed as Chief Information Security Officer at Solana Foundation

Michael Coates announced on the X platform that he has taken on the role of Chief Information Security Officer at the Solana Foundation, marking a new chapter in his career. Coates previously served as Head of Security at Mozilla, Chief Information Security Officer at Twitter, and founded Altitude Networks, a startup focused on enterprise SaaS data security, which was later acquired by CoinList.Coates stated that his future work will focus on integrating security capabilities into industry operations and application security foundations, addressing security challenges unique to cryptocurrencies, and collaborating with policymakers and standard-setting bodies to promote improvements in cybersecurity regulations.

Squads completes $18 million strategic funding round led by Solana Ventures

: Solana ecosystem multi-signature protocol Squads announced the completion of an $18 million strategic funding round, led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, and others. Its total cumulative funding has now reached $42.9 million. According to reports, Squads' stablecoin payment platform Altitude allows enterprises to conduct 24/7 global payment settlements in stablecoins through self-custodial wallets, and connects to the global payment network via its compliance and risk control system. (The Block)

Squads, a Solana ecosystem multisig protocol, announced it has completed an $18 million strategic funding round led by Solana Ventures.

According to The Block, Squads, a multi-signature protocol in the Solana ecosystem, has announced the completion of an $18 million strategic funding round led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, and others. This round is an equity financing, bringing Squads’ total funding to $42.9 million. Squads will use the funds from this round to expand its stablecoin-based corporate finance platform, Altitude.