Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 3 November 2021, 15:00 HKT/SGT
Share:
    

Source: Glitter Finance
Glitter Finance Closes an Oversubscribed Seed Round for its Cross-Chain Yield Farming Bridge

NEW YORK, Nov 3, 2021 - (ACN Newswire) - Glitter Finance, a platform addressing current capital inefficiency in decentralized finance through its cross-chain bridge that allows the redeployment of a portion of locked tokens (collateral) on one chain into yield-generating vaults on another chain, has announced a successful closure of its seed round. The initial release of Glitter Finance's bridge will connect yield farms across Algorand and Solana, followed by integration with multiple blockchain networks.

The current Defi landscape is scattered across multiple blockchains, led by Ethereum, Solana, and Algorand among other networks. The lack of efficient cross-chain interoperability limits the yield-generation potential of crypto assets.

Glitter Finance ecosystem comprises a cross-chain bridge, an auto-yield generation solution with risk balancing, and a cross-chain NFT marketplace. Glitter Finance aims to boost capital efficiency and utilization across various blockchain networks with its cross-chain bridge that facilitates the redeployment of dormant wrapped token liquidity.

The platform wraps native tokens and places them in its vault. Glitter Finance deploys neural networks and risk-analysis tools to identify yield farms with maximum returns and lowest risk ratio, followed by the redeployment of wrapped tokens into these yield farms. The crypto owners receive synthetic tokens which can be burned at any stage to receive their investments and yield.

Glitter Finance plans to integrate multiple blockchain networks through its bridge, starting with Algorand to Solana and followed by Polygon, Terra, and other blockchains. Its cross-chain interoperability ensures that there will be sufficient yield farms listed on the platform at any time. Glitter Finance will support cross-chain swaps for projects built on its supported blockchain networks.

Glitter Finance will implement a fiat-on-ramp feature that will allow non-crypto users to boost their investment returns without having to trade crypto assets. Its risk-analysis mechanism will ensure that investors can identify the risk matrix of individual yield farms. Glitter Finance will also provide investors an option to distribute their funds across various yield farms using Glitter Finance's auto-yield generation feature, powered by neural networks leveraging historical data to identify the best yield farms.

Glitter Finance NFT marketplace will provide access to mainstream NFT exhibitions, sales, and cross-chain swapping for NFT assets. With Glitter Cross-chain protocol, Glitter will enable cross metaverse asset swap which allows users to Swap from different NFT based games on different Blockchain ie. NFT in game 1 can be swapped with that of game 2 on different chains.

$XGLI will serve as the governance token for Glitter Finance platform. Glitter Finance plans to release its token through an IDO planned for the first quarter of 2022. The cross-chain platform is raising its strategic round with massive interest from crypto VCs and leading blockchain investment groups.

About Glitter Finance

Glitter Finance proposes a platform that allows the redeployment of a portion of locked tokens (collateral) on one chain into yield-bearing vaults on another chain through an integration with the Glitter Bridge. Glitter Finance creates synthetic versions of the collateralized tokens on the new chain, boosting capital efficiency and liquidity across the platform.

For more information, visit
Website: https://glitter.finance/
Telegram: https://t.me/GlitterFinance
Twitter: https://twitter.com/GlitterFinance
LinkedIn: https://www.linkedin.com/company/glitter-finance/
Instagram: https://www.instagram.com/glitter.finance/
Github: https://github.com/Glitter-Finance
YouTube: https://www.youtube.com/channel/UCWhZs21w5_9tcd3xtlL13pA
Medium: https://medium.com/glitter-finance
Discord: https://discord.com/invite/DsaACFvs

Inverstor Queries
David, Glitter Finance
Email: david@glitter.finance

SOURCE: Glitter Finance


Topic: Press release summary
Source: Glitter Finance


http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
TopFlower Is Introducing a Perfect NFT Farming Game  
Jan 19, 2022 18:00 HKT/SGT
MyTVchain Announces Closure of $880k Private Seed Round  
Jan 19, 2022 18:00 HKT/SGT
The Crypto Universe Now Has Savage Meme Token: AngryKitty Launches to Set New Rules on the Digital Playground  
Jan 19, 2022 18:00 HKT/SGT
CEFC Financial was Granted the Exclusive Right of Use of the Intellectual Property Right of Animated Characters by Chengdu Dreamtoys  
Jan 19, 2022 16:52 HKT/SGT
Eisai Listed as a Global 100 Most Sustainable Corporation for the Sixth Time  
Wednesday, January 19, 2022 4:36:00 PM
Honda and V2X Suisse Consortium to Advance Vehicle-to-Grid Charging Technology in Switzerland  
Wednesday, January 19, 2022 4:00:00 PM
Honda Signs Joint Development Agreement with SES, an EV Battery Research and Development Company  
Wednesday, January 19, 2022 12:01:00 PM
Spritzer Gives New Life to Bottles as Decorations for Chinese New Year  
Jan 19, 2022 12:00 HKT/SGT
Eisai's Anti-amyloid Beta Protofibril Antibody Lecanemab Selected as the Background Therapy for the Tau Nexgen Study  
Wednesday, January 19, 2022 9:06:00 AM
GCBC is Giving Rare NFT Holders a Seat at the Owner's Table  
Jan 18, 2022 23:00 HKT/SGT
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2022 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: