ChainCatcher news, DeFi lending service company Altitude announced the completion of a $6.1 million seed round financing, with participation from Tioga Capital, New Form Capital, Flow Ventures, UDHC, GSR, Owl Ventures, and others.It is reported that the Altitude protocol automatically manages collateralized debt by real-time adjusting the loan-to-value (LTV) ratio. This method maximizes capital efficiency while maintaining a safe liquidation risk status. It is said that Altitude has successfully completed on-chain testing and will soon enter the closed testing phase.

ChainCatcher news, the AltLayer Altitude testnet event has announced the start of its fourth phase, running from September 26 to October 27. Users can earn AltLayer loyalty points on Galxe by completing Galxe tasks.The theme of this event is "On-chain Games," featuring puzzle game Ottie 2048, life simulation strategy game Cellula, and battle royale game Loot Royale, all built on AltLayer's newly released Turbo framework for autonomous worlds.Turbo is a modular aggregation stack optimized for autonomous worlds, containing features that help build scalable, low-latency, and seamlessly immersive experiences for its residents.

ChainCatcher message, the composable native asset bridge Altitude powered by LayerZero Labs is now live.It is reported that Altitude integrates with LayerZero to support asset bridging between Ethereum, BNB Chain, Avalanche, Arbitrum, Polygon, Optimism, and Fantom.