Project analysis Altitude DeFi – notable platform on LayerZero

• Overview of Altitude DeFi
• Features of Altitude DeFi
• How Altitude DeFi works
• Tokenomics
• Token Allocation
• Token Use Case
• Development team
• Epilogue

Overview of Altitude DeFi

Altitude DeFi is a decentralized application (Dapp) built on LayerZero , providing a fast and low-cost cross-chain asset conversion solution. To ensure security, Altitude uses two-factor authentication cross-chain message transfer technology on LayerZero.

Compared to Stargate , Altitude is different in building independent Pools to convert different asset classes, while Stargate only supports conversion between Stablecoin Pools.

Altitude supports cross-chain bluechip asset conversion and same asset conversion within the same network. However, users cannot convert from one asset class on one network to another on another.

Altitude charges a protocol fee of 0.05% for each successful transaction, and this cost is used to purchase ALTD tokens and redistribute it into the protocol's treasury to reward those who add liquidity and hold ALTD tokens. .

Features of Altitude DeFi

• The transaction fee is very low, only 0.05%.
• Only Bluechip assets are accepted. 
• Supports asset conversion between different chains.
• Each asset class can have multiple pools on many different networks, with each chain being an independent liquidity pool for that asset.

How Altitude DeFi works

Products that Altitude offers include:

• Bridge: Helps to seamlessly transfer Bluechip assets 1:1 between blockchains.
• Single Asset Pools: Creates single liquidity pools on each network, allowing users to add liquidity to the pool on any network with a single asset class.
• Stake ALTD: Allows users to stake ALTD and receive gALTD to participate in project governance and revenue sharing.

Tokenomics

Token Allocation

• Community: Released in 48 months, with incentives for liquidity, governance, and Bootstrap on Dex and Curve, to be rolled out. 
• Team/Treasury: Over 18 months, funds will be paid in installments to core contributors, future team members, and marketing expenses.
• Advisors: Advisors will assist with ecosystem development, marketing, liquidity initiatives, and team expansion.
• IDO/CEX: Liquid Bootstraps for Exchange and Dex will be available.
• Stategic Airdrop: Airdrop Strategy.

Token Use Case

ALTD Token holders will have the opportunity to participate in governance and share revenue.

Development team 

Currently, Altitude DeFi has not revealed the development team of the project. We will update the latest information about this team for readers when the project has an official announcement.

Epilogue

Altitude DeFi is a decentralized finance (DeFi) platform capable of providing users with a quick and easy way to transfer assets between different chains. The platform is built on LayerZero's 2-factor authentication infrastructure for added security. Altitude DeFi also has some competitive advantages over other DeFi projects in this area. You can get more information about the project through the following social channels:
Website | Twitter | Discord