FUNToken and XGLI DAO forge DeFi collaboration

The partnership aims to boost FUNToken utility and leverage XGLI DAO's cross-chain protocol

Ethereum-based GameFi token FUNToken and XGLI DAO have recently announced a significant collaboration aimed at boosting their presence in the decentralized finance (DeFi) sector.

The partnership between the two entities is set to enhance the utility of FUNToken while leveraging the capabilities of XGLI DAO's cross-chain protocol.

This collaboration is facilitated through FUNToken’s partnership with Glitter Finance, a platform that serves as an interoperability layer. Through Glitter Finance, users will be able to seamlessly transfer value across different ecosystems without the complexities typically associated with such transactions.

The partnership relies on the XGLI Protocol as the backbone for interoperability, ensuring reliability and efficiency in facilitating cross-chain transactions.

Both FUNToken and XGLI DAO share a commitment to fostering innovation and accessibility within the DeFi sector. As part of their collaboration, they plan to work on initiatives aimed at enhancing the utility of FUNToken and expanding DeFi accessibility for users.

For FUNToken, this partnership marks a significant milestone in its journey toward establishing itself as a prominent player in both the DeFi and GameFi sectors.

This week FUNToken's new CEO, David Dobrovitsky, revealed plans for a pivot towards DeFi, emphasizing the integration of staking, a DAO, and the development of its own blockchain, alongside partnerships with lending protocols.

Dobrovitsky highlighted that while FUNToken will not abandon its origins in GameFi, the move towards DeFi aims to enhance utility and traction, particularly in North America, leveraging the potential for staking, blockchain development, and a broader ecosystem including gaming roots.

By joining forces with XGLI DAO, FUNToken reaffirms its dedication to driving innovation and collaborating to shape the future of decentralized finance.

Exciting developments are expected to arise from this collaboration, with both parties poised to redefine the boundaries of DeFi. Together, FUNToken and XGLI DAO aim to unlock new possibilities for token utility and interoperability across various blockchain ecosystems.

Additionally, FUNToken announced that it has partnered with OrangeDX, a pioneering Bitcoin DeFi hub, to expand digital asset utility in the DeFi sphere. OrangeDX serves as a gateway to the BRC20 ecosystem, enabling seamless bridging, trading, and swapping of tokens, with plans for non-EVM tokens in the future.

Like Uniswap and Aave, OrangeDX offers yield farming, borrowing, lending, and perpetual trading. This collaboration aims to leverage OrangeDX's infrastructure to enhance FUNToken's accessibility and functionality.

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Written by Silvia Pavlof

Silvia has explored various forms of writing, ranging from content creation for social media to crafting movie scripts. Drawing on her experience as a journalist specializing in the gambling sector, she is currently investigating the impact of cryptocurrencies and blockchain on traditional gambling and iGaming.

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