Ferrum network having received a grant from the Algorand Foundation to bring their suite of products to the ecosystem, is a big moment for them. They are proud to introduce their first partner in the Algorand ecosystem to leverage their Staking as a Service technology — Glitter Finance.

About Glitter Finance

Glitter Finance is an interoperability solution that serves as a layer-zero for DeFi protocols across multiple blockchain networks. It thrives by linking disparate ecosystems and simplifying the usage and investment process across chains. Glitter bridge powers cross-chain transfer of assets between Non-EVM and EVM-supported networks bidirectionally, the first being the Algorand and Solana blockchain networks.

Glitter Finance has successfully bridged Algorand Network to Solana bidirectionally with over 99% efficiency and successful bridging transactions and is looking to bridge other top layer 1 networks and emerging networks that are widely adopted. It allows for easy integration with supported blockchain smart contracts, protocols, decentralized exchanges (DEX), and wallets to enable liquidity movement across various blockchain networks.

Glitter will be introducing other significant crosschain products. These include cross-chain swaps in partnership with USDC Circle, an SDK for easy integration, and the integration of EVM blockchains.

🔽DETAILS:

https://medium.com/ferrumnetwork/introducing-first-staking-partner-on-algorand-glitter-finance-2f69611f191e