Penguin Finance Integrates Glitter

Published on: 15.12.2022
Penguin Finance Integrates Glitter

Penguin Finance Integrates Glitter, so Glitter will leverage Penguin Finance’s bond service to further grow liquidity for bridged assets.

Glitter Finance is a brand-changing innovator that aims to bring everyday users into the world of cryptocurrency seamlessly. By providing user-friendly and streamlined architecture, Glitter aims to remove technical and psychological barriers that may prevent people from investing and participating in the crypto market.

As an interoperability solution, Glitter serves as a layer-zero for DeFi protocols across multiple blockchain networks. It connects disparate ecosystems and simplifies the usage and investment process across different blockchain networks.

Currently, Glitter has successfully bridged the Algorand and Solana blockchain networks bidirectionally with over 99% efficiency. And is looking to expand its capabilities to other networks. By allowing for easy integration with supported smart contracts, protocols, decentralized exchanges (DEX), and wallets. Glitter enables liquidity movement across various blockchain networks.

In working with the Penguin Finance, bonding for bridged assets will offer long-term supporters of the protocol the opportunity. To use LPs to purchase tokens at a discount, helping to deepen liquidity while minimizing the risk of Impermanent Losses. This will help Glitter to gain more controllable liquidity while providing a bonding incentive system to supporters of the protocol.

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