Latest news with #Altitude
Business Insider
5 days ago
- Business
- Business Insider
Altitude Announces Public Launch of Its Collateral-Optimized Lending Platform
London, UK, June 16th, 2025, Chainwire Altitude, the DeFi platform for collateral-optimized lending, has announced the conclusion of its private beta and is now opening the vaults to the public. As a result, DeFi users can now take advantage of Altitude's automated strategies to efficiently control their collateral for lending and borrowing purposes. The public launch of Altitude's lending platform follows on from a successful beta phase, during which whitelisted participants were able to test its capabilities. Having operated smoothly for eight months, during which time its protocol attracted TVL of more than $5M, Altitude is now inviting public users to access its platform. Altitude is designed to support efficient management of onchain borrowing to ensure greater capital efficiency while preventing loans from becoming under-collateralized. Its dashboard indicates the health of each loan, based on LTV, with controls for adjusting desired parameters. Altitude is the first DeFi protocol to offer rebalancing, automatically rebalancing borrowing for users based on the price of collateral such as BTC and ETH. Onchain loans are typically capital inefficient, since average DeFi users are borrowing to an LTV of around 40-50% and resulting in a significant proportion of capital being effectively lying idle. Initial users of the Altitude beta have been taken with the greater capital efficiency available, coupled with the elimination of the complexity normally associated with borrowing, freeing them to focus on yield generation and other DeFi opportunities. When the value of the underlying capital increases, Altitude borrows against it and uses the capital to generate yield which is used to reduce the loan. Similarly, when the value of the collateral decreases, Altitude returns funds to the lending pool to ensure an optimum LTV. Altitude's automated lending and borrowing solution also identifies preferable lending rates and adjusts positions accordingly, ensuring that users are financed at the most attractive rate. Altitude successfully raised a total of $6.1M in funding from a string of leading web3 VCs including Tioga Capital, New Form Capital, and GSR. Investors were taken with Altitude's solution for giving DeFi borrowers peace of mind while also enabling them to safely generate the maximum available yield. With the private beta now successfully concluded, the opening of Altitude's lending markets to the public marks the next phase of its evolution. Through interacting with an intuitive UI, DeFi users can take control of their lending and borrowing activities without needing to constantly monitor positions. In the process, this empowers them to earn attractive yield on their assets amidst an ever-changing crypto market. Altitude is a decentralized protocol on Ethereum that optimizes collateralised lending, ensuring both the lowest possible cost of borrowing as well as generating yield from users' dormant collateral. By actively managing debt and collateral in real-time, Altitude optimizes capital efficiency. Contact Co-Founder Altitude
Otago Daily Times
7 days ago
- Entertainment
- Otago Daily Times
Altitude to unleash bugged-out brew
The Altitude Brewing team including, from left, Rob Garrett, Eliott Menzies and Dan Jaffe, has come up with an ant-astic new beer garnish. PHOTO: SUPPLIED A Queenstown brewer is, quite literally, upping the ant-e. Award-winning Altitude Brewing, which recently won the Champion Small International Brewery and Best Modern Pale Ale for its draught 'Sled Dog' at the Australian International Beer Awards, is soon to unveil a new beer, garnished with freeze-dried Green Tree Ant garnish. Altitude founder Eliott Menzies plans to unleash the Lemon Curd and Strawberry Pastry-Sour at Beervana 2025, being held at Wellington's Sky Stadium in August. Having made the pilgrimage north for eight years in a row, Altitude's become a fan favourite at the long-running event and Menzies says it's always been the place to push boundaries. As to where the idea for the newest brew came from, Menzies says one of his team came back from Australia last year and was "raving" about the flavour of ants he'd tried, describing them as a "citrusy-sherbert-bomb flavour". Found in tropical Australia, Green Tree Ants are said to be the nemesis of arborists, as they don't like being disturbed and have a sharp bite — but when you bite into them, they burst with a lemon flavour. "We knew a clever garnish would pair perfectly with this jammy delight of a beer, and the green ants' sharpness cuts through the rich custard notes the classic lemon curd delivers," Menzies says. "We can't wait to hear what punters think." Last year, more than 10,000 people attended the two-day Beervana celebration, being held on August 22 and 23 this year — tickets go on sale next Wednesday.
Yahoo
14-06-2025
- Business
- Yahoo
Virgin Galactic on track to start launching customers again in 2026, but seat prices will rise
When you buy through links on our articles, Future and its syndication partners may earn a commission. Virgin Galactic's spaceflight drought will last just about two years, if all goes according to plan. The suborbital space tourism company last went to the final frontier in June 2024, on the final flight of its VSS Unity space plane. Virgin retired Unity to focus on developing its new, more efficient "Delta class" vehicles — and the first of those advanced, six-passenger ships remains on track to debut next year, according to the company. "An enormous amount of work is taking place across our company, as well as at our key suppliers," Virgin Galactic CEO Michael Colglazier said during an earnings call with investors on May 15. "We continue to expect our first [Delta] research spaceflight will take place in summer of 2026, with private astronaut flights following in fall of 2026." That call, which reported Virgin Galactic's financial results for the first quarter of 2025, provided a number of other updates as well. For example, Colglazier said the company — which currently has about 675 customers on its manifest — plans to start accepting flight reservations again in the first quarter of 2026. New customers will be brought onboard via a new "highly bespoke education sales process" that will feature distinct "waves." "This approach has several intended benefits for customers," Colglazier said. "Tailoring the number of new arrivals into our future astronaut community during each wave allows us to provide a white-glove onboarding experience that will form the foundation of each customer's journey to space. From a yield-management perspective, this allows us to adjust our pricing wave by wave." Ticket prices have not yet been set, though it's expected to be higher than the $600,000 that the most recent customers paid, he added. Virgin Galactic is currently building two Delta-class ships but plans to expand the fleet over time. The company will be quite busy once the first one comes online. Each of the new space planes is designed to fly twice per week, Colglazier said — a big leap in cadence over VSS Unity, which flew seven commercial passenger missions from June 2023 until its retirement a year later. Virgin Galactic employs an air-launch strategy. Like VSS Unity, each Delta ship will lift off from a runway beneath the wings of a large carrier aircraft, which will drop the space plane at altitude. The spaceship will then ignite its onboard rocket motor, powering its own way to suborbital space, and come back down to Earth for a landing on the same runway from which it took off. In last quarter's earnings call, Virgin Galactic mentioned the possibility of making the carrier aircraft a multipurpose vehicle — using it to haul something other than a space plane into the sky. Over the past few months, the company has continued investigating this potential vehicle variant, which it calls HALE ("High Altitude Long Endurance")-Heavy. "Since last quarter, we've connected with leaders within the Department of Defense, national laboratories and aerospace and defense companies to ascertain the potential product market fit of our carrier aircraft capabilities with government customer needs," Colglazier said. "We've been encouraged by initial feedback, which has identified both existing and emerging missions that could potentially benefit from access to HALE-Heavy support aircraft," he added. "Examples of these missions could include airborne research and development testing; intelligence, surveillance and reconnaissance support; command and control node capabilities; and multiple opportunities within the emerging Golden Dome [missile defense] initiative." Related stories: — Who is Virgin Galactic and what do they do? — Virgin Galactic announces international crew for flight on new Delta class space plane — Virgin Galactic launches VSS Unity space plane on final suborbital spaceflight with crew of 6 (photos, video) To date, all of Virgin Galactic's suborbital missions have lifted off from Spaceport America in New Mexico. But the company is looking to fly from a second site as well, likely in either Europe or the Middle East. Virgin Galactic is making progress on this goal as well, Colglazier said during the May 15 call. "We are midway through our feasibility assessment with the Italian government for a spaceport in southern Italy," he said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Entertainment
- Yahoo
Kelsey Grammer Boards ‘Hell Ride'; Karlovy Vary Names Chair; Tarf Enters Theatrical Distribution; ITV Soap Boss Retiring
Kelsey Grammer To Lead Theme Park Thriller 'Hell Ride' From Frasier to rollercoaster. Kelsey Grammer will lead Hell Ride, an upcoming theme park thriller from Altitude. Directed by Magnus Martens (SAS: Red Notice) and written by Altitude joint CEO Andy Mayson (No Way Up), the film is billed as a 'white-knuckle survival thriller' that follows a group of high school seniors who break into an abandoned theme park for one final wild night, only to find their night spiralling into a nightmare. Mayson, Molly Conners (Triple 9) and Amanda Bowers (Riff Raff) are producing and Altitude is introducing it to buyers in Cannes. Pic reunites Grammer with part of the creative team he worked with at another upcoming thriller, Turbulence, and some of the VFX team from that pic and No Way Up will work on Hell Ride as well. Grammer is represented by UTA and Vault Entertainment. More from Deadline ITV For Sale: Behind The Headlines Of A Deal That Everyone And No One Is Talking About Samuel L. Jackson, Eva Green & Maria Pedraza To Star In Thriller 'Just Play Dead' - Cannes Market Elizabeth Olsen Joins Kristen Stewart & Oscar Isaac In Hedonistic '80s Vampire Thriller 'Flesh Of The Gods' - Cannes Market Krystof Mucha Named Karlovy Vary Film Fest Chair Karlovy Vary International Film Festival (KVIFF) has named Kryštof Mucha as its Chairman, and will leave the President position the late Jiří Bartoška held in memoriam. Bartoška passed away earlier this month aged 78. Mucha, who joined KVIFF in 1997, has been its Executive Director since 2004. 'Despite the very sad fact that the world of culture has lost one of its most important personalities, we want to assure the public that the Karlovy Vary festival will continue to possess the level of quality that Jiří Bartoška and his team have always given it,' said Jan Jírovec, Head of the Rockaway Arts group that majority owns KVIFF. Remaining on. Mucha's team will be Artistic Director Karel Och and Head of Production Petr Lintimer. 'For many years, I had the wonderful opportunity to work with Jiří Bartoška and to see how he thought and where he was taking the festival,' said Mucha. 'I believe that, together with Karel Och and Petr Lintimer, we will succeed in continuing his legacy.' Tarf Media Pushes Into Irish Theatrical Distribution EXCLUSIVE: Ireland's Tarf Media is pushing into local theatrical distribution. The film sales company told Deadline it is now offering a 'complete end-to-end distribution package from theatrical in Ireland to international sales and streaming.' Tarf founder Eoghan Burke is working with Anna Lavery PR and Distribution to bring films to Irish cinemas, while continuing to act as a sales agent. Dublin-based Tarf is known for handling international rights on films such as Cocaine Werewolf and A Dickens of a Christmas. Before last year's Cannes, Tarf struck a partnership deal with Good Deed Entertainment. ITV Soap Supremo John Whiston Retiring John Whiston, the ITV exec who has overseen the UK network's flagship soaps, is retiring after 27 years. In his most recent role as Managing Director of Continuing Drama and Head of ITV in the North, the long-serving exec has led editorially and commercially on Coronation Street and Emmerdale, both of which still command audiences of millions each evening. He also oversaw ITV series such as including Vera, A Touch of Frost and Heartbeat. At the end of the month, he will hand over to Executive Producer for Continuing Drama Iain MacLeod, who is upped to Creative Director and Matt Cleary, who becomes COO of Continuing Drama, which keeping his current post as Director of Production for UK Scripted at ITV Studios. MacLeod will report to ITV Studios Managing Director Julian Bellamy. Whiston said: 'I've always said I've got the best job in TV. I used to say it privately in case ITV stopped paying me. It has been nothing short of an honour, as well as a blast, to work on the Soaps this last decade or so. We've had joy, we've had fun and we've had seasons in the Sun. We've also had misery and mayhem. We've had motorway crashes, tram crashes and floods. We've had stories which have squeezed your heart till tears came out of your eyes. And we've covered pretty much anything and everything that people have to face in their own lives and we've done that with care and humanity. And all that is down to the 600 or so people – the writers, crew, cast and editorial – who have kept the show on air and at an incredible quality day in day out. And it's them who have made my job ridiculously easy. Just don't tell ITV.' Best of Deadline Everything We Know About The 'Hunger Games: Sunrise On The Reaping' Movie So Far TV Show Book Adaptations Arriving In 2025 So Far Book-To-Movie Adaptations Coming Out In 2025
CTV News
09-06-2025
- Automotive
- CTV News
24/7 Gardiner construction has resulted in travel times doubling: study
Major construction project on the Gardiner is being blamed for doubling travel times. A new study says travel times on Toronto's Gardiner Expressway have doubled in just one year due to ongoing construction. The study from Altitude by Geotab—a software company that provides mobility data analytics—says that the most congested sections of the Gardiner experienced an increased delay of about 230 per cent in 2025, while commute times along the entire expressway—from Highway 427 to Cherry Street—have doubled since construction began in 2024. The delays along some portions of the Gardiner are even worse. For example, the study found that it is now taking drivers 24 minutes to travel from Humber River to Strachan Avenue during peak commuting hours, which is triple the eight minute average from before construction began. The drive from Jarvis to Dufferin streets has also nearly tripled, going from an average of 11 minutes during peak commuting hours prior to the beginning of construction to 30 minutes as of last month. In April, the highway was reduced to two lanes in each direction between Dufferin Street and Strachan Avenue for critical rehabilitation work. Ontario has said the construction work on the highway is ahead of schedule and set to finish more than 15 months earlier than planned. Altitude by Geotab says their study looked at vehicles travelling on the Gardiner eastbound during the peak morning hour—7:30 a.m. – 8:30 a.m.—and westbound in the afternoon—4:30 p.m. – 5:30 p.m.—as well as eastbound and westbound travel times during the middle of the day—11:30 a.m. – 12:30 p.m. It found that the first three weeks of the new construction that started in mid-April this year caused travel times to increase, 'resulting in an average morning peak travel time of 40 minutes from the pre-construction 23-minute commute.' Delays were found to be at their worst along the segment of the Gardiner that spans from Colborne Lodge Drive to just past Jameson Avenue. Gardiner study The map above shows increased eastbound travel times on the Gardiner Expressway towards downtown Toronto during the 7:30-8:30 a.m. rush hour, comparing pre-construction with conditions after new construction began in 2025. 'The data clearly shows the significant strain of the Gardiner Expressway construction on daily commutes and business in the Greater Toronto Area,' said Mike Branch, Vice President of Data and Analytics at Geotab, in a release on Monday. 'The traffic patterns in large cities like Toronto impact the entire region. When you add a large sporting event, concert, or other community event, you have a picture of where the bottlenecks will be. With the roadwork expected to continue next year, drivers should plan for significant delays along their commutes.' The study said that when construction first began, those first three weeks also had the slowest travel times, but the numbers came down after drivers settled into the new routine, so if that pattern holds, commute times could lower by about five minutes in the coming weeks. And it's not just the Gardiner being impacted by the 24/7 construction. Altitude by Geotab says Lake Shore Boulevard has seen a 'persistent' 30 per cent average increase in travel time over the last 14 months. According to the province, construction is slated to be complete by January 2026. With files from CTV News Toronto's Alex Arsenych
