About Glittr

Glittr enables decentralized finance (DeFi) directly on Bitcoin Layer 1 by utilizing native Bitcoin transactions and a UTXO-based meta protocol, eliminating the need for bridges or multi-signature setups. This approach provides true Bitcoin finality and security, allowing developers to create scalable decentralized applications without the complexities and risks associated with Layer 2 solutions.

```xml <problem> Existing decentralized finance (DeFi) solutions on Bitcoin often rely on bridges, multi-signature setups, or Layer 2 solutions, introducing complexities and security risks. These approaches compromise Bitcoin's inherent finality and security, hindering the development of truly trustless and scalable DeFi applications. </problem> <solution> Glittr enables native DeFi directly on the Bitcoin Layer 1 by leveraging Bitcoin transactions and a UTXO-based meta-protocol. This eliminates the need for bridges or multi-signature setups, providing true Bitcoin finality and security. Developers can build scalable decentralized applications without the complexities and risks associated with Layer 2 solutions or wrapped assets. Glittr's approach ensures a cleaner and safer environment for DeFi on Bitcoin, allowing for direct execution and settlement using native Bitcoin transactions. </solution> <features> - Native Bitcoin Layer 1 execution using Bitcoin transactions and OP_RETURN. - UTXO-based meta-protocol for building DeFi applications. - Support for liquidity pools with LP token issuance and AMMs. - Functionality for creating DLC-backed stablecoins and token issuance. - Tools for building decentralized lending and borrowing markets using Bitcoin as collateral. - Features for fractionalizing and trading Bitcoin ordinals securely and natively. - Compatibility with Bitcoin native standards, including BTC, Ordinals, Runes, and BRC. - Simplified development process using scripting languages compiled to Bitcoin Script, eliminating the need for EVM knowledge. </features> <target_audience> Glittr targets developers and projects seeking to build secure and scalable DeFi applications directly on the Bitcoin Layer 1 without relying on bridges, wrapped assets, or Layer 2 solutions. </target_audience> ```

What does Glittr do?

When was Glittr founded?

Glittr was founded in 2024.

Who founded Glittr?

Glittr was founded by Nick Calabro.

Nick Calabro - Co-Founder/CEO

Founded

2024

Employees

4 employees

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Glittr

Score: 43/100

AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

glittr.fi 10+

Founded 2024

Funding

No funding information available. Click "Fetch funding" to run a targeted funding scan.

Team (<5)

Nick Calabro

Co-Founder/CEO

Periwinkle Doerfler

CTO

Company Description

Problem

Existing decentralized finance (DeFi) solutions on Bitcoin often rely on bridges, multi-signature setups, or Layer 2 solutions, introducing complexities and security risks. These approaches compromise Bitcoin's inherent finality and security, hindering the development of truly trustless and scalable DeFi applications.

Solution

Glittr enables native DeFi directly on the Bitcoin Layer 1 by leveraging Bitcoin transactions and a UTXO-based meta-protocol. This eliminates the need for bridges or multi-signature setups, providing true Bitcoin finality and security. Developers can build scalable decentralized applications without the complexities and risks associated with Layer 2 solutions or wrapped assets. Glittr's approach ensures a cleaner and safer environment for DeFi on Bitcoin, allowing for direct execution and settlement using native Bitcoin transactions.

Features

Native Bitcoin Layer 1 execution using Bitcoin transactions and OP_RETURN.

UTXO-based meta-protocol for building DeFi applications.

Support for liquidity pools with LP token issuance and AMMs.

Functionality for creating DLC-backed stablecoins and token issuance.

Tools for building decentralized lending and borrowing markets using Bitcoin as collateral.

Features for fractionalizing and trading Bitcoin ordinals securely and natively.

Compatibility with Bitcoin native standards, including BTC, Ordinals, Runes, and BRC.

Simplified development process using scripting languages compiled to Bitcoin Script, eliminating the need for EVM knowledge.

Target Audience

Glittr targets developers and projects seeking to build secure and scalable DeFi applications directly on the Bitcoin Layer 1 without relying on bridges, wrapped assets, or Layer 2 solutions.