Altitude DeFi is a decentralized app (dApp) focusing on bridging and cross-chain swap solutions. It's built on LayerZero infrastructure to enable easy transactions across different blockchain networks.
What is Altitude
Here's how it works:
- Seamless Transactions Across Chains: Altitude DeFi aims to provide a smooth transaction process for Web3 users, making it easier to move assets from one blockchain to another.
- Unique Fee Structure: The platform charges a fee for bridging assets, which supports the ecosystem, rewards users, and maintains platform security and efficiency.
- LayerZero Infrastructure: This feature allows Altitude DeFi to smoothly link various blockchains, ensuring users can transact and interact across multiple chains without hassle.
- Security Focus with The HUB:**** Altitude DeFi uses The HUB on the Ethereum network as a central point for increased security. This means when users bridge to another chain, they go through Ethereum, offering enhanced safety for their transactions.
In summary, Altitude DeFi is designed to make cross-chain transactions simple and secure, featuring competitive fees and an infrastructure that supports seamless interactions across different blockchains.
Team of Altitude
Cliff
COO
Available on Discord, Cliff is the COO of Altitude DeFi. No more information available.
Black Yak
CMO
Available on Discord, Black Yak is the CMO of Altitude DeFi. Nor more information available.
SpectrumAltitude
Dev
SpectrumAltitude is a dev of Altitude Defi. It contributed to the smart contract at the beginning of the project and stopped doing so at the beginning of June 2023.
iamchmp
Dev
iamchmp is the current developer of Altitude Finance. After SpectrumAltitude finished coding, he was in charge of the github, pushing new version of the code since June 2023.
Altitude review
Pros
LayerZero Integration
Strong infrastructure as a LayerZero dApp.
Operational Mainnet
Active product for asset swaps across seven chains.
Secure Transactions
Uses a unique hub model for enhanced security and reliability.
Community-Driven
Emphasizes community involvement in governance, with an active forum.
Cons
Anonymous Team
Lack of team transparency, with unverified web3 experience.
Low TVL
Faces challenges with under $300k in Total Value Locked for necessary liquidity.
Regulatory Challenges
Potential impact from future DeFi regulations.