What is Altitude DeFi? Altitude DeFi is a dApp built on LayerZero, providing a cheap and fast cross-chain asset transfer solution. So what is Altitude? How does it work? Let’s find out in this article!
To understand more about Altitude, you can read the following articles:
- What is LayerZero? LayerZero Cryptocurrency Overview
- LayerZero’s Working Mechanism
- What is Stargate Finance (STG)? Stargate Cryptocurrency Overview
- What is Axelar Network (AXL)? Axelar Network Cryptocurrency Overview
- What is Wormhole? Wormhole Cryptocurrency Overview
What is Altitude DeFi?
Overview of Altitude DeFi
Altitude DeFi is a dApp built on LayerZero, providing a cheap and fast cross-chain asset transfer solution. By using LayerZero’s 2-layer authenticated cross-chain message transfer technology, Altitude is expected to provide a highly secure service.
Altitude is relatively similar to Stargate but in essence it builds independent Pools to transfer different assets. And Stargate supports cross-asset transfers only through the Stablecoin Pool.
Supports cross-chain transfers of Bluechip assets and transfers of the same type of assets, meaning users can only transfer assets such as ETH from one network to another, but cannot transfer from one network’s ETH to another. other products in other networks.
Altitude charges a 0.05% protocol fee for each successful trade order. That cost is used to purchase ALTD and redistributed to the protocol treasury, used to reward liquidity adders and ALTD Token holders.
The Altitude DeFi Difference
- Cheap protocol fee of only 0.05%
- Only Bluechip assets are supported
- Supports transferring the same assets across different chains
- An asset type will have many Pools on many different networks, each Chain is a separate liquidity Pool for that asset.
Altitude DeFi operating mechanism
Altitude products:
- Bridge: Transfer Bluechip assets 1:1 seamlessly across blockchains.
- Single Asset Pools: Single Pool for each Chain, meaning users can add liquidity to the Pool on any network with a single asset.
- Staking ALTD: Stake ALTD receives gALTD to participate in governance and share project revenue.
Development Roadmap
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Core Team
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Investors
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Tokenomics
Altitude Token Overview
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Token Allocation and Token Release
- Community: Issued for 48 months, for liquidity incentive programs, governance, Bootstrap on Dex, Curve.
- Team/Treasury: Pay in installments over 18 months, for core contributors, future team members, and marketing costs.
- Advisors: Advisors support ecosystem development, marketing, liquidity initiatives, and team expansion.
- IDO/CEX: Liquidity Bootstraps for Exchange and Dex.
- Stategic Airdrop: Strategic Airdrop.
Token Use Case
ALTD Token holders will participate in governance and share revenue.
Exchanges
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Altitude DeFi Information Channel
- Website: https://www.altitudedefi.com/
- Twitter: https://twitter.com/AltitudeDeFi
- Discord:
Summary
Altitude DeFi is a bridge that helps users transfer assets across the chain quickly and easily. High security thanks to LayerZero’s infrastructure with 2-layer authentication mechanism. Thereby, Altitude has a few advantages to compete with projects in the segment.
So I have clarified what Altitude DeFi is? Altitude DeFi cryptocurrency overview. Hope this article provides you with a lot of useful knowledge!