Cross chain bridging platform, Glitter Finance recently announced its IDO on Solstarter. Glitter Finance is a cross-chain bridge, connecting the Algorand ecosystem first with Solana, then Polygon, Cudos, and Terra.
Glitter Finance is positioned as an innovative DeFi protocol, designed to enable easier access to top tier technology and solutions across multiple ecosystems. It recently opened the registration for its IDO on Solstarter. It is designed to facilitate interoperability between Algorand and other Layer 1 blockchains.
As the DeFi landscape expands across all blockchains, the array of digital assets that users interact with through various protocols become cumbersome to manage. Glitter Finance is creating tools and bridges to ensure that the user experience is simplified and users can move their assets seamlessly between Algorand to other Layer 1 blockchains, starting with Solana.
Working on the Cross Chain Future
Glitter Finance acts as an interoperability protocol between Algorand and other protocols by allowing users to send tokens on Algorand to Glitter Finance. This allows for easy integration with smart contracts, decentralized exchanges (DEX), or wallets that are interoperable with Glitter. The development of bridges for cross chain interoperability has brought about endless possibilities in the world of DeFi but the vast majority of protocols fail to enhance or communicate these opportunities effectively to beginners and non-crypto users.
To date, the liquidity created by a bridge remains under-leveraged for the trader, with the opportunity to create profits from the created liquidity largely untapped. Furthermore, Glitter Finance will use integrated yield pools trading can be done directly within the bridge, creating a more efficient, streamlined experience.
Building accessible, community focused tools
Community is also at the heart of the Glitter Finance mission. Glitter Finance is addressing common user experience issues across many DeFi platforms. It uses deep learning neural networks to create a one click trading platform. The team plans to establish a DAO for the token. $XGLI holders will become a DAO, which will be centered around helping whitelist yield farms.
Moveover, the knowledge threshold required for a novice trader to enter the DeFi space remains quite often too high and becomes a major barrier to widespread DeFi and crypto adoption. Glitter Finance is simplifying the points of entry, making it easier for the public to understand the benefits of decentralised finance.