Glitter Finance: Introducing $XGLI Token Utilities and Value Proposition
Glitter Finance is a cross-chain bridge with advanced bridge capabilities and architecture. Its innovator bridge, the Glitter Bridge, allows everyday users to integrate into the crypto sphere seamlessly. Simply put, it allows re-deployment of locked assets into integrated yield pools.
$XGLI is the native currency of Glitter Finance, and it performs a variety of tasks within the ecosystem.
$XGLI: Token Utilities
$XGLI provides its holders with the ability to list a new yield farm on the Glitter Finance network. Holders gain access to governance which makes them the core decision makers of Glitter Finance.
Users who hold $XGLI are authorized to change the treasury fees for yield received from the re-deployment of user assets. This is a unique feature as it allows you to have the power of deciding how much revenue generated from your assets will be reinvested into Glitter Finance.
$XGLI tokens can also be used to update cross-chain transfer treasury fees. This is another unique feature as it allows $XGLI holders to use their tokens to update the cross-chain transfer fee for assets like Bitcoin and Ethereum, which will make the process of transferring value between different blockchains easier and faster.
$XGLI token can be used by its holders to update oracle addresses which in turn will make the process of an address’ information getting to blockchains smoother. This is a significant benefit as it increases data accuracy and speeds up transactions on different blockchains, which will result in better asset management for everyone involved.
The tokens are used to elect the Compound’s administrator in a DAO. The governance structure is based on Compound. People vote to modify these various components of the protocol by executing code that the administration may alter depending on stakeholders’ decisions.
$XGLI: Value Proposition
Glitter Finance offers token holders the ability to spend treasury funds. This will allow for the monetization of Glitter tokens through the payment of fees to spend treasury funds to upgrade Glitter Finance.
Users who hold the $XGLI token exclusively have access to the yield and not the underlying asset. This is a significant benefit since it allows Glitter Finance to raise the income of its users without having to worry about an oversupply of $XGLI tokens.
About Glitter Finance
The Glitter Bridge is a cross-chain bridge with sophisticated bridge capabilities and architecture. We enable the redeployment of synthetic or wrapped assets, which are then converted into integrated yield pools by the Glitter Bridge. We also link it with artificial intelligence (AI) and machine learning (DLN), which work together to boost deposit yields. By doing so, we produce a profit for the trader where previously there was none, and we propel mass adoption by cooperating with them to assist them trade successfully.
