Nov 22, 2022
Introducing First Staking Partner on Algorand — Glitter Finance
After receiving a grant from the Algorand Foundation, Ferrum is proud to introduce our first partner in the Algorand ecosystem to utilize our Staking as a Service solution!
Dear Ferrum Fam,
Having received a grant from the Algorand Foundation to bring our suite of products to the ecosystem, this is a big moment for us. We are proud to introduce our first partner in the Algorand ecosystem to leverage our Staking as a Service technology — Glitter Finance.
About Glitter Finance
Glitter Finance is an interoperability solution that serves as a layer-zero for DeFi protocols across multiple blockchain networks. It thrives by linking disparate ecosystems and simplifying the usage and investment process across chains. Glitter bridge powers cross-chain transfer of assets between Non-EVM and EVM-supported networks bidirectionally, the first being the Algorand and Solana blockchain networks.
Glitter Finance has successfully bridged Algorand Network to Solana bidirectionally with over 99% efficiency and successful bridging transactions and is looking to bridge other top layer 1 networks and emerging networks that are widely adopted. It allows for easy integration with supported blockchain smart contracts, protocols, decentralized exchanges (DEX), and wallets to enable liquidity movement across various blockchain networks.
Glitter will be introducing other significant crosschain products. These include cross-chain swaps in partnership with USDC Circle, an SDK for easy integration, and the integration of EVM blockchains.
Stake $XGLI to Earn Rewards Powered by Ferrum’s Flexible Staking Service
Each project and community has unique token metrics, utilities, and a growing supportive community. Ferrum’s staking technology is fully customizable to meet the needs of each project and deliver the most value to their token holders. By staking your $XGLI each community member will earn rewards!
Stake $XGLI to Earn Rewards Powered by Ferrum’s Flexible Staking Service
Each project and community has unique token metrics, utilities, and a growing supportive community. Ferrum’s staking technology is fully customizable to meet the needs of each project and deliver the most value to their token holders.
Glitter is leveraging the power of Ferrum’s staking contracts to reward its loyal HODLrs with a whitelisted staking pool where $XGLI stakers can stake to earn $ALGO. The snapshots will be happening throughout the week of Nov 21st, so it’s not too late to join the Glitter community and participate in the staking. Head to their Twitter page for more details on getting whitelisted.
In Conclusion
We couldn’t be more thrilled to embark on this journey with the Algorand ecosystem and couldn’t have asked for a better partner to kick things off! Thank you to the Glitter Finance team and community for trusting Ferrum.
Stay tuned!
Very truly yours,
The Ferrum Network Team
