Yieldly Teams Up with Glitter Finance to Launch Two Fresh 60-Day Staking Options

2 min readJun 21, 2022

Yieldly is pleased to have teamed up with Glitter Finance to launch two new staking options for 60 days apiece starting 24th June 2022. Yieldly users will have the following offerings available

Two Fresh Staking Options Incoming

  1. YLDY→XGLI Staking Pool: Users can stake YLDY and be rewarded XGLI in return.
  2. XGLI/YLDY LP Pool: Users can stake XGLI/YLDY LP tokens to get YLDY.

About Glitter Finance

Glitter Finance is a cross-chain DeFi protocol focused on bridging assets across multiple blockchains and maximising value across different networks and DeFi protocols. Glitter Finance acts as an interoperability protocol between Algorand and other blockchains/protocols. It allows for easy integration with supported blockchain smart contracts, protocols, decentralised exchanges (DEX), and wallets to enable accessibility across various blockchain networks.

Glitter’s utility token $XGLI provides its holders with the ability to list a new yield farm on the Glitter Finance network. Holders gain access to governance which makes them the core decision makers of Glitter Finance. Users who hold $XGLI are authorised to change the treasury fees for yield received from the re-deployment of user assets. This is a unique feature as it allows you to have the power of deciding how much revenue generated from your assets will be reinvested into Glitter Finance.

XGLI is also a blockchain agnostic token, allowing the user to bridge value on all chains supported by the Glitter ecosystem. This means that users can gain dividends throughout the Glitter Finance ecosystem, gaining exposure to yield farming fees and swaps across all supported chains, while using a single token.

“Yieldly Finance is a legacy protocol on the Algorand blockchain that people both inside and outside the ecosystem recognise and respect. As such, it’s an absolute honour to partner with such a trailblazing project. We look forward to evolving the cross-chain opportunities for the $XGLI token with this Yieldly Partnership,” said David Dobrovitsky, CEO of Glitter.

Yieldly will continue to announce more liquidity partners, so stay tuned!

If you are a verified ASA project wanting to collaborate with Yieldly, please drop us an email at partnerships@yieldly.finance with as much information about your project as possible, and we will be in touch shortly!

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