Furthermore, 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.

How Does Glitter Finance Work?

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 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.

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.

Website | Twitter 

About Penguin Finance

Penguin is a Liquidity-as-a-Service Platform that offers comprehensive treasury management solutions, including swap, bonding, and staking services. Protocols can utilize Penguin’s bonding service to acquire liquidity rather than renting. It can also help them to remain sustainable in the long run. By implementing token vesting, protocols can align their incentives and communities with their long-term goals, fostering long-term involvement instead of short-term participation.

Website | Twitter

RESOURCES

Penguin Finance

REQUEST AN ARTICLE

The post Glitter and Penguin Finance Collaboration appeared first on Smart Liquidity Research.

Penguin, A Liquidity-as-a-Service Platform, built on Solana, announced its partnership with Seeded Network, a favorite Solana incubator with unique borrowing, lending, and staking solutions.

Seeded Network has joined the Penguin bonding family! It is their privilege to seed with Seeded on the land of DeFi and gather vital POL for the sustainable development of the protocol.

$SEEDED / $PAI bonding will launch on May 13th, 9 am UTC

Introduction to Seeded Network

To begin with, Seeded Network is a project incubator featuring outstanding borrowing, lending, and staking solutions that integrate with the fast-growing DeFi world. Seeded aims to provide quality projects with their expertise and network connections to projects wishing to use the Seeded Project Incubator.

However, with Seeded’s provision, projects can enjoy a community brimming with investors and enhanced token utility brought by lending and borrowing products.

Its lending and borrowing empower SEEDED without exception, and it is now embarking on a new journey of bonding!

Moreover, the Penguin’s bonding/staking allows Seeded to have a healthy token emission, which helps control the inflation rate by posing less selling pressure on the market. Better still, Seeded can collect revenue-generating POL for its long-term success, benefiting its stakeholders with sustained rewards.

At the launch of SEEDED/PAI bonding, users can add liquidity in the SEEDED/PAI pool to acquire SEEDED/PAI LP tokens, which can bond for discounted SEEDED on the market price. SEEDED purchased through bonding will be then auto-staked. Users can unstake their SEEDED in the Staking section and collect the total amount of SEEDED after a 7-day vesting period. On the other hand, keeping SEEDED staked would allow users to receive an optimal reward and achieve 3,3 together.

The collaboration of Seeded and Penguin can extend from liquidity management to co-marketing and partnership networking, which in turn gives rise to a healthier ecosystem.

About Penguin Finance
Penguin is a Liquidity-as-a-Service Platform that offers a one-stop solution for treasury management such as swap, bonding, and staking.

Website | Twitter 

About Seeded Network
Seeded Network is an upcoming incubator on Solana offering unique borrowing, lending, and staking solutions to users allowing them to participate in the seeded incubation projects safely.

Website | Twitter 

⏩ SOURCE

The post Seeded Network Partnership with Penguin appeared first on Smart Liquidity Research.