DeFi lending protocol Altitude raises $6.1 million in funding, with participation from GSR, Flow Ventures, and others.

BlockBeats reported on January 9th that Altitude, a DeFi lending protocol, announced the completion of a $6.1 million seed round of financing, which includes a previously completed $2.1 million pre-seed round of financing and a new $4 million round of financing, with participation from Tioga Capital, New Form Capital, Flow Ventures, UDHC, GSR, Owl Ventures, and others. Altitude is a protocol that manages DeFi loans and collateral. When users borrow through Altitude, the protocol manages loans and collateral in real-time based on market conditions to provide the best loan rates. Altitude has completed on-chain testing and will soon enter the closed testing phase, available for use by whitelisted addresses. After testing, it will be fully released.