Altitude Deep Dive

•

Interoperability is primordial. However, bridge exploits account for ~50% of all DeFi exploits. So how do we bridge assets in a secure way? Introducing @AltitudeDeFi $ALTD, a LayerZero powered composable native asset bridge for blue-chip assets. A THREAD 👇🧵 (+ Alpha)

When crypto was in earlier phases, the goal was to find the unique blockchain, the one that was fit for everything. Time showed us that the single chain scenario does not exist. And opportunity is on multiple chains. Hence, we need Bridges to interact with different chains.

1️⃣ Introduction 2️⃣ Technology 3️⃣ Tokenomics 4️⃣ Edge 5️⃣ Alpha 6️⃣ TL;DR 7️⃣ Conclusion

1️⃣ Introduction Whether you’re into DeFi, NFTs, decentralized trading, or any on-chain activity, you’re probably using multiple chains on a weekly, if not daily, basis. I know I do.

The same day, I can buy NFTs on Polygon, invest in a new protocol on Ethereum, try an innovative protocol on Arbitrum in the hope of an airdrop, provide liquidity on Optimism for some juicy APR, or try a new vault on Fantom. For that, I need to move funds around on many chains.

Using a bridge that is fast, secure and with low fees is necessary. Good news is, Altitude is exactly that.

🎛 Infrastructure Transfer assets between chains following independent chain paths connecting single assets, making Altitude more resilient to Chain outages 🤑 Cheap Bridging Fees Fixed protocol fee of .05% (5 basis points) upon transfer of assets

⚡️ Lightning Fast Transactions Deposit and receive funds by utilizing single sided liquidity pools 📈 Zero Impermanent Loss Single asset liquidity providing, nullifying Impermanent Loss risks

🔒Security Introducing Secured Guaranteed Finality, a guarantee that funds on the source chain are committed when a transaction is successfully processed on the destination chain

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.

2️⃣ Technology Altitude is powered by @LayerZero_Labs. LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. LayerZero’s goal is to Seamlessly Connect Blockchains.

As i said earlier, Altitude is focused on bridging Blue-chip assets. ❔ Why Blue-chip assets you’d ask? While most bridges focus on stablecoins at the product level, Altitude fully understands and supports the decentralization that was the basis of crypto;

Acknowledging that 1 token remains 1 token, it will retain its value when bridged cross-chain. The space truly lacks a Blue-chip bridging platform, and Altitude fills this void. Especially using LayerZero technology.

3️⃣ Tokenomics ▪️ Team and treasury tokens are vested linearly for 18 months. ▪️ Community tokens will have a 48-Month Release Schedule. Users can stake their $ALTD for $gALTD. Only $gALTD holders are eligible to take part in Altitude Governance

▪️ Providing liquidity: Users receive LP tokens which they can stake in the ALTD pool to earn $ALTD. Upon receiving $ALTD as a reward, users can increase their earnings by staking their $ALTD to receive redistributed fees that are collected and sent to the protocol treasury.

4️⃣ Edge ▪️ One of the first dApps built on LayerZero ➡️ Altitude positions itself as a frontrunner by setting the standard of secure bridging for all DeFi users. ▪️ A finite supply of the token with slow release.

▪️ Secured Guaranteed Finality ➡️ a guarantee that funds on the source chain are committed when a transaction is successfully processed on the destination chain. Users can revert their transaction back to the destination chain, ensuring ownership of resources at every step.

▪️ Liquidity Providers on Altitude do not need to worry about Impermanent Loss as they will only add liquidity via Single Asset Staking pools.

▪️ Whenever there is an imbalance, the Altitude Protocol will deduct a rebalancing fee when a transaction is made that decreases the liquidity on the low liquidity side.

▪️ Protocol Fees 2x to 10x lower than other bridges ➡️ All non $ALTD token transfers incur a 0.05% bridging fee. Collected fees are redistributed to the protocol treasury governed by $gALTD holders, where it will be used to buyback and redistribute $ALTD.

5️⃣ Alpha ▪️ Token not out yet ▪️ TGE is soon ▪️ Good early APR ▪️ There might be bribes in the future ▪️ Community Event (NFT Quest) soon ▪️ Strategic Airdrop is planned in the tokenomics 👀 ▪️ Using a product with LayerZero tech is a good idea for a potential LayerZero airdrop

6️⃣ TL;DR

7️⃣ Conclusion This thread was made in collaboration with @AltitudeDeFi. You know when I put my threadoooor hat on instead of my curatoooor hat, it's usually to talk about something that could benefit you. As always it's NFA, but a good opportunity to be early.

🔸 Official Links 🔸 Website: altitudedefi.com/ Medium: medium.com/altitudedefi Docs: altitude-1.gitbook.io/altitude/ Twitter: twitter.com/AltitudeDeFi Telegram: t.me/altitudeofficial Discord: discord.gg/altitude Reddit: reddit.com/r/AltitudeDeFi/ GitHub: github.com/AltitudeDeFi

Tagging some Altitude early chads: @Slappjakke @pt1mfv_ @arndxt_xo @TheDeFISaint @Only1temmy @jake_pahor @LayerZero_Labs @0xkyle__

Trying the "mentioning giga brains that might be interested" thing myself 😳 @DeFiMinty @DeFi_Taha @Chinchillah_ @0xTindorr @0xsurferboy @Louround_ @IamZeroIka @rektfencer @MercyDeGreat @0xSalazar @thelearningpill @schizoxbt @WinterSoldierxz @0xFlips @0xShinChannn @rektdiomedes