Crypto Market

Algorand cross-chain bridge platform Glitter Finance to make the most of Algoracle information feeds » CryptoNinjas

Written by James Smith

Algoracle, a decentralized oracle community built on the Algorand blockchain, introduced right this moment a partnership with Glitter Finance, a cross-chain bridge that permits the redeployment of a portion of locked tokens (collateral) on one chain into yield-generating vaults on one other chain.

The Glitter Finance crew will make the most of Algoracle information feeds for its community on the Algorand blockchain. Beginning with Algorand, Glitter Finance will combine blockchain networks by means of its bridge, and its cross-chain interoperability ensures there might be ample yield farms listed on the platform at any time.

Glitter Finance seeks to resolve the present capital inefficiency in decentralized finance by means of its Algorand-based ecosystem, which includes a cross-chain bridge, an auto-yield technology answer with danger balancing, and a cross-chain NFT market.

“Created by an extremely proficient crew, Algoracle is a high startup within the ecosystem. The Glitter Finance technical crew, working in live performance with the technical crew of Algoracle has developed new improvements that can drastically improve and alter the best way blockchain and cross-chain bridges work and can permit for a lot higher solidity and stability for the Glitter protocol.”
– David Dobrovitsky, Founder & CEO of Glitter Finance

Source link

About the author

James Smith

Leave a Comment