Nodeseeds X Glitter Finance
TL;DR: Cross-chain bridges are hard. Glitter Finance makes it easy and affordable to use their bridge via their native yield products.
Fording the Torrents
Interoperability remains one of the most programmatically difficult challenges currently facing the crypto and DeFi industries. Simply put, sending assets between incompatible chains risks loss of funds, significant price slippage, and other not-so-desirable outcomes for users. Thankfully, cross-chain bridges have made this process feasible for the first time in blockchain history, but they remain far from perfect.
Parking your digital assets in a bridge remains the crypto equivalent of storing your car at a parking garage. It’s great for when you want to get up and go from that specific location — they’re normally conveniently situated. However, should you need to go elsewhere, this dedicated spot represents inconvenient user friction.
Similarly, parking your assets in a bridge means committing to that given interoperable channel. Has an enticing yield farming opportunity popped up in another ecosystem? Let’s hope your bridge can get you there! Otherwise, you’re stuck with multiple transactions and, often the case with Ethereum, high gas fees every step of the way. Just like having to walk or, ironically, catch a ride to the garage where you parked your car, bridges come with their own logistical challenges. That’s why Glitter Finance maintains a laser focus on solving the capital inefficiencies currently associated with cross-chain environments.
Digital Highways and Byways
As the first lightning-fast bridge between the Algorand and Solana networks, Glitter Finance brings a ton of new functionality and insight to the table. Glitter Finance selected these ecosystems for their powerful confluences of mutual value.
As one of the largest up-and-coming layer one solutions, Algorand boasts incredible talent and prowess from some of the top educational institutions in the world. In fact, Algorand’s connections run so deep that El Salvador, the first nation to adopt Bitcoin as legal tender formally, selected Algorand to construct the nation’s proprietary blockchain architecture. This move cements Algorand as a powerful industry competitor and demonstrates the logic behind Glitter Finance’s move.
Solana boasts one of the industry’s most dynamic and rapidly evolving ecosystems, with countless new projects and concepts coming to the network each day. With sub-second block times, the network commands an increasingly large number of cutting-edge projects and shows no signs of slowing down. Together these ecosystems capture the supermajority of potential blockchain applications, placing Glitter Finance right in the center of this powerful combination.
Adding More Lanes
While this intersection in and of itself represents an excellent market opportunity, Glitter Finance takes things a step further with their proprietary yield farming service offerings. Now, rather than needing to leave some assets tucked away in a bridge to maximize deployment speed, users can yield farm directly on Glitter Finance. This functionality affords users the best of both worlds a significantly differentiates Glitter Finance from an increasingly crowded field. Given that Solana and Algorand represent the proverbial wild west for yield farming opportunities, and both ecosystems continue to show growing support from the wider cryptoverse, the future looks incredibly bright.
And Glitter Finance isn’t stopping with their innovating bridge and yield farming opportunities. The project maintains a bold timeline focusing on native NFT assets and gamified elements such as the recently developed play-to-earn model. It becomes easy to imagine a play-to-earn model integrated with a cross-chain bridge environment that rewards users for optimizing their strategies, learning more about bridge architecture and crypto in general, and other activities beneficial to the ecosystem. With these concepts and functionality in mind, Glitter Finance stands as one of the most promising projects to launch in the final quarter of 2021.
Start Your Engines!
Make sure to keep an eye on both Glitter Finance and Nodeseed’s social media channels! We’ll be sharing more information about how you can interact with Glitter Finance there in the near future. The upcoming token sale has generated a ton of excitement both in the Nodeseeds community and beyond, demonstrating the intense interest in cutting-edge projects like what Glitter Finance brings to the table. Do you happen to find yourself longing for deeper insights and access regarding the cutting-edge DeFI service offerings the Nodeseeds team and community regularly identify? Well, we have great news for you!
Nodeseeds regularly partners with amazing teams like the one found in Glitter Finance. Check our social media links below for more information on how you can be a part of the growing movement to democratize the DeFi investment process! There’s plenty of room left at the table. With our updated tokenomics and liquidity mining program, we plan to keep adding immense value to our community and the entire industry for years to come.