Welcome to the world of Altitude

Altitude is a composable native asset bridge built on LayerZero, dedicated to facilitating seamless cross-chain transfers of blue-chip assets. In this thread, we will explore why Altitude focuses on blue-chip assets, understand how the Altitude bridge works, and delve into the vision that drives this innovative platform

Why Focus on Blue-Chip Assets

Altitude recognizes the growing presence of retail users in the DeFi space and their need for a secure, cost-effective, and efficient bridging solution. While many existing bridges predominantly cater to stablecoins, Altitude introduces a new product focus that addresses the current gap in the DeFi ecosystem. By leveraging the LayerZero infrastructure, Altitude aims to make DeFi safer and more accessible for everyone.

Blue-chip assets, known for their exceptional quality and desirability, are widely traded and held by numerous users. Altitude acknowledges the demand for a high-speed, highly secure bridging platform for these assets. By utilizing LayerZero’s capabilities, Altitude can fulfill this demand, providing rapid cross-chain transactions while maintaining stringent security thresholds. With Altitude, users can bridge blue-chip assets confidently and efficiently.

How Does the Altitude Bridge Work?

The Altitude bridge employs a unique mechanism to ensure secure guaranteed finality for asset transfers. The process involves creating a Liquidity Pool for a specific asset on each chain and establishing Chain Paths to reference these Liquidity Pools with each other. When a transfer is executed, the Altitude protocol processes the deposit on the executing chain and the withdrawal on the target chain in just two transactions. This approach empowers users by granting them greater control over their funds, which Altitude refers to as Secured Guaranteed Finality.

By employing this mechanism, Altitude sets a new standard for secure bridging. Supported chains bootstrap and maintain liquidity for supported tokens, requiring only a single liquidity provisioning for those willing to contribute. This eliminates the typically inevitable risk of impermanent loss, ensuring a reliable and secure bridge for blue-chip assets.

Vision ?

With a dedicated focus on blue-chip assets, Altitude aims to bootstrap liquidity and enable seamless porting of liquidity across chains. By bridging assets securely and reliably, Altitude empowers users with a safe and efficient bridging service.

Altitude is committed to democratizing DeFi and sharing knowledge and resources with entry-level users. Through user-friendly educational resources, Altitude aims to make DeFi more accessible and understandable for all. Stay tuned for more exciting updates and advancements from Altitude as we ascend to new heights of success.

For more info check Altitude website