Altitude’s Bridge Launches: Open to all Climbers
Altitude Farming Emissions for all chains are officially live!
Start climbing now: https://www.altitudedefi.com/
$ALTD was released via Public Sale through an LBP on Fjord Foundry on Ethereum where ~1,500,000 tokens were sold. Upon mainnet launch, we set up liquidity for $ALTD on Ethereum (Uniswap V2), Arbitrum (Camelot) or Avalanche (Trader Joe) .
Incentivized rewards for traders on Uniswap v2, Camelot and Trader Joe are now live.
The team has seeded $175,000 worth of liquidity to all launch pools.
$ALTD is an omnichain token; as such you will be able to use our bridge to move your assets.
Prepare for Mainnet:
- Add $ALTD to MetaMask
Token: ALTD
Decimals: 18
Contract Address:0x8929e9DbD2785e3BA16175E596CDD61520feE0D1
Chains: Ethereum, BNB, Polygon, Arbitrum, Avalanche, Optimism, Fantom - Users need to have MetaMask, Walletconnect or Coinbase Wallet installed
- Users need to bridge their funds to one of the 7 supported chains upon launch
- Users must have native tokens on respective chains to use for gas to bridge, transact and swap
- Users will be able to buy ALTD via Ethereum (Uniswap V2), Camelot DEX (Arbitrum) or Trader Joe (Avalanche).
$ALTD Token Liquidity
The Altitude Team has provided rewards for the LP’s on Uniswap V2 on Ethereum(ALTD/USDC), Camelot Dex (ALTD/WETH) and Trader Joe (ALTD/USDC) farms. These farms will also be co-incentivized with $GRAIL and $JOE, respectively. As mentioned previously, the team has seeded liquidity on Camelot, Trader Joe and Uniswap V2.
Using Altitude
How to Earn $ALTD
1a) Provide Liquidity for Blue- Chips and Farm ALTD
If you provide liquidity on any Altitude supported bridging asset and stake your LP tokens in the farming pools, you can immediately start earning $ALTD rewards.
To add liquidity: https://altitudedefi.com/pool
To farm after adding liquidity: https://altitudedefi.com/farm
For instructions: https://altitude-1.gitbook.io/altitude/products/single-asset-pools-or-provide-liquidity-or-earn-rewards
1b) Provide DEX Liquidity for ALTD and FARM ALTD
- To provide liquidity for ALTD/USDC on Ethereum via Uniswap V2 visit the following link: https://v2.info.uniswap.org/pair/0xc180869eeff55ee737e4b4f10d93b27b10bf976b 2/
- To earn ALTD rewards on your liquidity, simply take your Uniswap LP tokens and deposit to the ALTD-UNI v2 farm on the farms page here: https://www.altitudedefi.com/farm
2. Stake $ALTD
If you already hold $ALTD from the Public Sale, purchase $ALTD from Camelot or Trader Joe, or earn $ALTD through providing liquidity on the Altitude bridge, you can stake these in the $gALTD pool.
Note staking $ALTD for $gALTD is only available on ethereum
Add $gALTD to MetaMask Token
gALTD Decimals: 18 Contract
Address: 0xbc2B1262C90ab34757dC7eb2CB7CE595660Ff44e
Chain: Ethereum
All fees earned in the protocol will be used to buy back $ALTD and then distributed proportionally to $gALTD holders.
To Stake ALTD: https://altitudedefi.com/stake
For instructions and more information:
https://altitude-1.gitbook.io/altitude/products/stake-altd-or-earn-rewards-and-govern-altitude-via-galtd
3. Bridging Blue-Chip Assets and ALTD
To bridge assets: https://altitudedefi.com/transfer
For instructions on how to use the Altitude Bridge and more information: https://altitude-1.gitbook.io/altitude/products/bridge-or-move-assets-cross-chain
About Altitude’s Bridging Architecture
The Altitude bridge works differently from what the standard is at the moment.
DeFi users can transfer Blue-chip assets cross-chain on Altitude with Secured guaranteed finality where LayerZero acts as a trustless protocol that allows users to send digital assets or a message in a single transaction across applications that derive on a multitude of blockchains.
Our vision is to enable Web3 users access to a seamless transaction process and promote cross-chain liquidity from one blockchain to another.
So how do we do that?
Leveraging the trustless protocol of LayerZero we create a Liquidity Pool for a specific asset on each chain and reference these Liquidity Pools to each other via the earlier explained Chain Paths. This way, each time a transfer is executed, the protocol is able to process both the deposit in the executing chain and the withdrawal on the target chain within the same transaction.
Because of this mechanism, Altitude raises the bar and the standard of secure bridging to another level. Supported chains bootstrap and maintain supported token liquidity, requiring only single liquidity provisioning for those who wish to provide it. In turn, this eliminates the usually inevitable risk of impermanent loss.
Secured Guaranteed Finality
Altitude’s cross-chain bridge provides a guarantee that funds on the source chain are committed when a transaction is successfully processed on the destination chain. This is different from Instant Guaranteed finality which guarantees the funds on the destination chain once the transaction is successfully committed on the source chain. If for whatever reason a user would like to revert their transaction back to the destination chain, they are able to, ensuring ownership of resources at every step.
Chain Paths
Altitude enhances security through the use of Chain Paths, which are connections for a single asset between two different blockchains. These Chain Paths establish a reference for all possible connections, made up of assets executing on both the source and target chains, with each path being unique.
Providing Liquidity
Liquidity Providers on Altitude do not need to worry about Impermanent Loss as they will only add liquidity via Single Asset Staking pools. Furthermore, in case of an imbalance between liquidity pools on different chains for a specific asset, they are always able to withdraw their liquidity on a chain that is different from the original chain they deposited their liquidity into. Though a small fee is incurred, this mechanism ensures that liquidity providers gain the benefit of an additional layer of security for their deposited funds.
The HUB
Altitude is introducing the HUB, an Ethereum-based router connecting each Chain Path to their respective chains.
To enhance security and stability, Altitude utilizes separate liquidity pools for each chain path. This renders each chain path independent of the others, making the entire system resilient to chain outages (as only one liquidity pool pair would be affected in such an event, instead of an entire unified liquidity pool system).
This comes with the drawback of dispersed liquidity between all chain paths. To mitigate that, Altitude utilizes the HUB to which each chain path is connected with only one liquidity pool. To bridge between two chains, of which neither is the HUB, users can always route through the HUB (Ethereum) to reach their desired destination chain. So for example, if a user wants to route from Binance to Avalanche, they must first route from Binance to Ethereum, and then from Ethereum to Avalanche.
Example:
Connecting chains A, B, C, D, E for a single asset. Each letter represents a single liquidity pool.
Fractionalized Liquidity: one liquidity pool is created for each chain path on each chain. This quickly increases the amount of liquidity pools needed and therefore requires a lot more liquidity to facilitate a healthy flow of transactions
HUB: one liquidity pool for each chain path connected with the HUB chain, increasing effectivity, stability, and most importantly security.
A -> B — B -> A
A -> C — C -> A
A -> D — D -> A
A -> E — E -> A
All of this results in the following advantages:
🎛 More versatile infrastructure
Transfer assets between chains following independent chain paths connecting single assets, making Altitude more resilient to Chain outages
🔒Increased security and ownership
Introducing Secured Guaranteed Finality, a guarantee that funds on the source chain are committed when a transaction is successfully processed on the destination chain
⚡️ Lightning fast transactions
Deposit and receive funds by utilizing single sided liquidity pools
🤑 Cheap Bridging Fees
Fixed protocol fee of .05% (5 basis points) upon transfer of assets
📈 Zero Impermanent Loss
Single asset liquidity providing, nullifying Impermanent Loss risks
$ALTD Utility
The native token of Altitude, ALTD, is a governance token which can be farmed by providing liquidity for supported tokens. When providing liquidity on Altitude, the provider will be issued LP tokens which are needed to withdraw that liquidity. The provider will be able to earn fees by staking these LP tokens to earn ALTD.
Users can take their earned ALTD and stake it, receiving gALTD proportionate to their stake in the pool. Users that hold gALTD are eligible for voting in the Governance protocol and benefit from collected fees, which are redistributed to the ALTD staking pool.
Current bridges in the space offer nascent technology which are focused on stablecoins. Altitude’s vision is to bridge the gap by offering a solution for transferring blue chip digital assets between different blockchains.
Liquidity providers are able to stake into single-sided asset pools with zero impermanent loss while collecting fees from inbound transfers.
To support the protocol and ensure long term utility, Altitude uses two different methods of calculating transaction fees:
a) Protocol Fee: Every time a user withdraws liquidity across chains through a transfer a 0.05% fee (5 basis points) is incurred.
Every time a transfer removes liquidity from a liquidity pool, a 0.05% protocol fee is collected on the transfer. Thereafter, 100% of the fee is collected by the treasury and then sold to buy-back and distribute ALTD to the protocol treasury governed by gALTD holders
b) Rebalancing Fee: When there is an imbalance between Liquidity Pools, a rebalancing fee is taken when transferring from the high liquidity side to the low liquidity side (decreasing liquidity on the low side). That fee gets collected in a reward pool on the low liquidity side and is awarded when transferring from the low liquidity side to the high liquidity side (increasing liquidity on the low side). The greater the imbalance, the greater the fee.
For more information on utility/ fees visit our docs: https://altitude-1.gitbook.io/altitude/altitude/utility-or-fees
Tokenomics:
ALTD Allocation — 100,000,000 (100%) ALTD
Community — 62,500,000 (62.5%)
Up to 48-Month Release Schedule
Liquidity Provisioning for LP’s
Single Asset Staking for Governance
Bootstrap liquidity on DEX’s
Foundation — 25,000,000 (25%)
20,000,000 vested linearly per block over 18 months starting at Mainnet dedicated to core contributors and future team members
2,000,000 unlocked at Mainnet and 3,000,000 vested and linearly unlocked over 12 months starting at Mainnet. This is reserved for listing fees, liquidity provisioning, marketing and other expenses (slated to be utilized over 12–36 months)
Advisors — 2,500,000 (2.5%)
Advisors assist with ecosystem development, marketing, liquidity initiatives, and team expansion
This allocation is slated to last no less than 18 months
Public Sale — 5,000,000 (5%)
Bootstraps runway for exchange and DEX listings, liquidity provisioning
Public sale tokens will unlock at TGE. Any tokens that are not sold will be returned to the Altitude Foundation, vested and linearly unlocked over 12 months starting at Mainnet.
Strategic Airdrop — 5,000,000 (5%)
Up to 5% of the token supply is reserved for strategic airdrop(s)
Initial Circulating supply at TGE will be approximately 1,625,000 $ALTD , or 1.625%.
Supported Chains upon Launch
- Ethereum
- Avalanche
- Arbitrum
- Polygon
- Fantom
- BNB
- Optimism
Supported Assets upon Launch
Provide liquidity and farm $ALTD for some of your favorite blue-chip assets, shown below:
To view a comprehensive list of blue-chip assets on each that are supported upon launch:
https://altitude-1.gitbook.io/altitude/ecosystem/supported-assets
Security
We take security at Altitude very seriously. Check out our audit here:
https://contractwolf.io/projects/altitude-defi
To Our Community
Moving ahead, we express our gratitude for our engaged and expanding community; our achievements owe much to your support. Keep an eye out as we broaden our infrastructure to encompass a plethora of thrilling ventures, tokens, and functionalities! Altitude is being developed as a resilient foundational undertaking, intended to cater to the complete DeFi sector across various blockchain networks.
About Altitude
Altitude is a composable, Blue-chip asset bridge, and one of the first dApp’s built on LayerZero, a cross-chain communication infrastructure designed to ease the current constraints of omnichain activity. DeFi users can transfer assets via Altitude with Secured Guaranteed Finality, leveraging enhanced security features, inexpensive bridging fees, and lightning fast transactions.
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