Glitch Finance is a layer-one protocol that is aiming to revolutionize the DeFi landscape by introducing native smart contracts that are built on the Substrate framework. This framework is fast, interoperable, and blockchain-agnostic, and the native smart contracts are compatible with the Ethereum Virtual Machine (EVM) and support token wrapping bridges. The development of these native smart contracts is expected to launch on the Glitch mainnet in May 2023, after a successful testnet phase starting in January 2022.

This launch is highly anticipated within the DeFi space due to its potential to solve the challenges of scalability and interoperability encountered by other smart contracts platforms. Glitch itself asserts that its native smart contracts are designed to break down barriers, increase efficiency, and reduce costs for users and developers alike. This has the potential to upgrade the user experience and boost innovation in the crypto ecosystem.

Glitch seeks to become an essential component of blockchain infrastructure by introducing improved access, lower costs, and unique reward mechanisms for DeFi dApps, all of which are enabled by GLCH - the native utility token of Glitch’s network. The GLCH token will be used for governance, staking, fee payment, and reward distribution on the platform. Additionally, it provides users with the possibility to swap any token from any native chain for any token within the Glitch ecosystem.

All in all, native smart contracts on Glitch are set to level up the DeFi landscape. With the Substrate framework and Ethereum Virtual Machine compatibility, users and developers will have access to an efficient and seamless platform, while innovative solutions to scalability and interoperability challenges could remove barriers and provide new opportunities within the field. If these potentials are realized, Glitch could indeed provide better overall access to blockchain services and improve the user experience.



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