Atlendis taps X-Margin to offer transparency of risk in Crypto Lending

Rick Steves

Onboarding X-Margin’s credit evaluation will provide more information on borrowers without revealing sensitive data.

X-Margin, a credit oracle risk engine for trading firms and institutions, has been selected by DeFi lending protocol Atlendis to enable capital-efficient crypto borrowing and lending.

Atlendis enables crypto loans without collateral and by using X-Margin’s methodologies to reduce the inherent risk of DeFi it will be able to accelerate the adoption of uncollateralized loans on the blockchain.

More transparency without losing privacy

The rules in overcollateralized lending include a borrower accessing an amount of secured credit only if they front at least the same amount in collateral. This limits borrowers in their borrowing capacity and lenders in their potential return.

Uncollateralized lending can provide significantly higher returns, but a lack of transparency on a borrower’s profile and creditworthiness may create a barrier for lenders to make an informed decision.

Potential credit risks can discourage lenders from depositing into liquidity pools, reducing a borrower’s borrowing capacity.

Enter the Atlendis protocol, which addresses these issues together with X-Margin,which enables the measurement of institutional borrower creditworthiness by computing a credit risk evaluation without revealing the sensitive underlying data.

Straddling CeFi as well as DeFi applications with a credit oracle for counterparty credit evaluation, X-Margin encompasses real-time risk monitoring across borrower portfolios, KYC and financial statement analysis. This means transparency of risk through X-Margin’s privacy-preserving credit oracle.

The process includes borrowers obtaining a credit evaluation from X-Margin, which will be displayed on the Atlendis protocol. Once borrowers are whitelisted, they will get access to borrower-specific liquidity pools providing a revolving line of credit at a borrowing rate established via market rate discovery. Lenders will have the ability to choose the borrowers they trust to lend to as well as their preferred lending rate.

Alexis Masseron, Co-Founder and CEO of Atlendis Labs, said: “While the Atlendis protocol focuses on the financial aspect of the platform to make it fair and fully functional, it cannot vouch for the reputation of the borrowers involved. We are excited to partner with X-Margin, as onboarding X-Margin’s credit evaluation will provide more information on borrowers without revealing sensitive data, and thus attract lenders with verification that loans will be more secure.”

Darshan Vaidya, CEO of X-Margin, said: “On-chain credit markets will be one of the fastest-growing sectors of DeFi, and the backbone of this will depend on an oracle-driven approach that can capture the off-chain and on-chain activity of a borrower in a privacy-preserving way. We are delighted to be working with the Atlendis Labs team to help build a more efficient credit marketplace for the crypto ecosystem.”

Read this next

Retail FX

Eurotrader taps MahiMarkets’ cross-asset trading technology for pricing and risk management

Eurotrader has tapped MahiMarkets’ cross-asset trading technology to manage its pricing and risk management on its fully licensed and regulated retail brokerage operation covering forex, stocks, indices, and commodities. 


STT doubles user base as Sterling OMS adopted by TradeZero, Avenue, Banco C6

Sterling Trading Tech (STT) has announced record growth of its order management system (OMS) offering, doubling its user base throughout the second half of 2022.

Retail FX

CMC Invest announces flexible stocks and shares ISAs amid changes in UK policy

In addition to a flexible ISA, the Plus plan provides members with a USD currency wallet for their general investment account (GIA), alongside the default GBP wallet that comes with all CMC Invest accounts. This means users will hold both a GBP wallet and a USD wallet. Saving customers money on FX fees.

Executive Moves

The Trading Pit snatches Skilling Daniela Egli from Skilling to lead Cyprus operation

“We feel privileged to have Daniela join The Trading Pit and bring her extensive expertise to our prop trading firm. We are confident in The Trading Pit’s ambition to provide the ultimate global trading environment for talented traders to enhance their skills and eventually become professional fund managers.”

Industry News

Worldpay taps SheerID to allow merchants to better target their audiences

SheerID verifies over 2.5 billion people via 20,000 authoritative data sources; provides global insights from hundreds of the world’s leading brands, and never shares or sells customer data.

Crypto Insider

Cardano (ADA) Price For 2022-23: Buy Cardano With NAGAX

Cardano (ADA) is probably one of the most renowned and well-known cryptocurrencies out there at the moment and is currently available on the majority of the crypto exchanges and platforms in the market.

Retail FX

ACY Securities recognized by Salvation Army NSW for its support to charity work

““Sitting in the backyard of those family friends, to see the devastation the floods had brought, was a real eye-opener, and a testimony to the Salvos who were on the ground helping every one of those in need during the recent NSW floods.”

Executive Moves

BNP Paribas announces senior executives of Global Markets Americas division

French bank BNP Paribas has appointed several senior executives to its Global Markets Americas division, demonstrating its ambition to grow its Global Equities, Global Credit, and Global Macro franchises in the region. 


Match-Trade expands partnership with Takeprofit Tech

California-based FX technology provider Match-Trade Technologies has expanded its partnership with fintech software developer Takeprofit Tech.