Algoracle, a decentralized oracle community constructed on the Algorand blockchain, introduced as we speak 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 knowledge feeds for its community on the Algorand blockchain. Beginning with Algorand, Glitter Finance will combine blockchain networks via its bridge, and its cross-chain interoperability ensures there will probably be adequate yield farms listed on the platform at any time.
Glitter Finance seeks to resolve the present capital inefficiency in decentralized finance via its Algorand-based ecosystem, which includes a cross-chain bridge, an auto-yield era resolution with danger balancing, and a cross-chain NFT market.
“Created by an extremely gifted crew, Algoracle is a prime startup within the ecosystem. The Glitter Finance technical crew, working in live performance with the technical crew of Algoracle has developed new improvements that may vastly improve and alter the best way blockchain and cross-chain bridges work and can permit for a lot better solidity and stability for the Glitter protocol.”
– David Dobrovitsky, Founder & CEO of Glitter Finance