Bonded x Glitch Partnership
Bonded announced strategic partnership with Glitch to implement its existing groundwork into the Ionic lending instrument.
“Glitch believes developers drive crypto but it is earning potential that drives developers. To think differently would be naive. As a revenue sharing token and a platform built around trustless money markets, Glitch partnering with Bonded represents the beginning of an autonomous economy of shared resources and value. In simple terms, we’re psyched,” states Sean Ryan of Glitch.
Glitch wraps external tokens and imports them into its ecosystem to be exchanged for other assets. The technology can handle whale-size trades while maintaining the fees at a very low level.
In addition to this ground-breaking solution, it comes with the following set of features:
- Ultra-fast transactions: Glitch can process up to 3,000 TPS
- Low fees
- Revenue-sharing model realized through the DPoS consensus mechanism
“The Bond network is steadily growing behind the scenes and sharing value is an underpinning of crypto. Glitch is prescient enough to recognize where our goals align and the potency of network effects. As interoperability becomes a real thing, the seamless transition between protocols will become blurred. Developers can develop in a multi-purpose fashion while holders of Glitch can stake on our platform and earn and receive Bond.” stated Paul Mak, CEO of Bonded Finance.
What is Glitch?
Glitch is a Hong Kong based blockchain platform developing a blockchain agnostic protocol with the goal to facilitate the exchange process on trustless money markets. Unlike existing blockchains, the project doesn’t aim to build a ‘one-size-fits-it-all’ solution and focuses on DeFi.
What is Bonded Finance?
The Bonded platform was created to incubate and deploy experimental, high-yield, smart-contract driven financial instruments that push the bounds of open finance. Bonding is an algorithmic model that aims to unlock, aggregate, and de-risk ~50 billion in dormant value distributed amongst untapped digital assets by allowing supporters of qualifying altcoin projects the opportunity to borrow against these assets or pool them and start earning.
📰 INFO:
https://medium.com/@bondedfinance/bonded-and-glitch-a-beginning-88b1e0790c0f
