Atlantis Loans — an autonomous and decentralized money marketplace that allows variable rates to help to provide collateral for digital assets to a protocol and by borrowing digital assets from a protocol with overcollateralized assets.
Description of the Atlantis Loans
Tokenizing digital assets in the Atlantis protocol unlocks the liquidity of that asset without having to liquidate and / or sell that asset in the market. Money Markets allows users to connect to a peer-to-peer marketplace where all interactions are validated against open source smart contracts, running on the immutable BSC blockchain. The entire Atlantis protocol is governed by its community with no centralized control or team tokens, exercising authority over protocol governance. Atlantis helps to safeguard the balance between borrowers and suppliers, allowing liquidators to liquidate underwater accounts and collect premiums to stabilize the protocol.
The Atlantis Protocol is regulated and rewarded with its own cryptocurrency, called Atlantis Token (ATL). Atlantis token is created and deployed on Binance Smart Chain as a BEP-20 based asset. ATL allows users to create proposals, vote on proposals and participate in encouraging liquidity mining on the platform. With Atlantis, there will be a maximum of 6,500,000 ATL tokens.
Management features include:
| 1 | Adding new cryptocurrencies or stablecoins to the protocol. |
| 2 | Adjusting variable interest rates for all markets. |
| 3 | Setting fixed interest rates for synthetic stablecoins. |
18% of the total supply will go towards project development, marketing, liquidity and the creation of the first few management proposals. To extract ATL from the protocol, Atlantis will distribute the ATL, evenly based on the distribution weight for each market. 50% of the allocated ATL for each market will go to suppliers and 50% to borrowers. The other important use cases for ATL will be in the future, besides managing and extracting liquidity.
More about defi app on Binance
The developers provide a WhitePaper document on the site. It contains a general description of the site and much more. Also, there is a Medium blog, where articles are available with news and main events on the project.
From social networks, the community leads:
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