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Glitter Finance Closes An Oversubscribed Seed Round For Its Cross-Chain Yield Farming Bridge

Nov 02, 2021•almost 4 years ago

Round Type

seed

Description

Glitter Finance, a platform addressing current capital inefficiency in decentralized finance through its cross-chain bridge that allows the redeployment of a portion of locked tokens (collateral) on one chain into yield-generating vaults on another chain, has announced a successful closure of its seed round. The initial release of Glitter Finance’s bridge will connect yield farms across Algorand and Solana, followed by integration with multiple blockchain networks.

Company Information

Company

Glitter Finance

About

The platform wraps native tokens and places them in its vault. The cross-chain platform is raising its strategic round with massive interest from crypto VCs and leading blockchain investment groups. Glitter Finance will also provide investors an option to distribute their funds across various yield farms using Glitter Finance’s auto-yield generation feature, powered by neural networks leveraging historical data to identify the best yield farms.