November 26, 2021 - 3 min read
SupraOracles is collaborating with Glitter Finance to increase capital efficiency between blockchains. Glitter Finance aims to adopt a strategy of redeploying assets with a Solana bridge to allow the flow between chains. The idea is to create a synthetic version of the token on the destination chain while locking the original asset in yield farms. Glitter Finance is also developing an advanced investment platform that is sophisticated enough for experienced DeFi investors, yet intuitive enough for DeFi beginners.
SupraOracles will provide fast, accurate, and secure oracle solutions. such as price feeds, for Glitter’s platform to ensure its users are receiving the latest information to guide their investment decisions. In addition, with our multi-chain interoperability, we can quickly deploy updates across multiple chains for greater accessibility and ease of use. SupraOracles will also be helping Glitter Finance build cross-chain bridges across Algorand, Cudos, Polygon, and Solana.
David Dobrovitsky, CEO of Glitter Finance, commented: “SupraOracles will provide up-to-date data for our traders while using the Glitter Bridge and the integrated yield pools within our platform. We are deeply excited to partner with SupraOracles based on the exceptional quality of their product, and advanced technology which they will offer our community.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “SupraOracles and Glitter Finance recognize the importance of cross-chain liquidity in driving decentralized financial markets. As Glitter Finance expands its offers and integrates with more chains, SupraOracles hopes to support Glitter’s mission by innovating alongside its team.”
SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Our vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.
Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.
Together with our developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance.
Glitter Finance is a cross-chain bridge with integrated yield pools. Synthetic (or wrapped) tokens created by the bridge are integrated into the yield pools, giving traders a chance to create a profit while using the cross-chain bridge ecosystem. Glitter also aims to create a ‘one click’ platform by combining AI and machine learning into the platform. This system is called the Deep Learning Neural Network. As a grant recipient from the Algorand Foundation, Glitter Finance will focus on bringing interoperability to the Algorand ecosystem, by bridging Algorand with such blockchains as: Solana, Polygon, and Terra. The bridge will be bidirectional.
Meeting the need of inter-blockchain transfer of assets, the barriers in experiencing full financial utility in Blockchain through DeFi is eliminated with the highly needed bridging solution and application Glitter has brought. Glitter is at the forefront of making DeFi attain full financial efficiency using most scalable technologies.
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