FAQ

Questions? We got you covered

Q: How is Altitude different from other bridging protocols?

A: Altitude is an omni-chain bridges that focuses on blue-chip assets only and is utilizing the LayerZero infrastructure, making it a fully trustless and secure way to move DeFi assets from one chain to another

Q: What are the fees involved?

1) Protocol Fee: Every time a user withdraws liquidity across chains (either through a swap or by redeeming LP tokens on the other chain), the protocol takes a 0.05% fee.

2) Rebalancing Fee: When there is an imbalance between the Liquidity Pools, a rebalancing fee is taken when swapping from the high liquidity side to the low liquidity side (decreasing liquidity on the low side). That fee gets collected in a reward pool on the low liquidity side and is awarded when swapping from the low liquidity side to the high liquidity side (increasing liquidity on the low side). The greater the imbalance, the greater the fee.

Q: What assets and chains are you planning to support in the future?

A: As Altitude uses the LayerZero infrastructure, it will follow their expansion. This is done to that all advantages for building on LayerZero can be utilized for all target chains. Current chains that are supported include Ethereum, Avalanche, BSC, Polygon, Fantom, Arbitrum, and Optimism. Altitude supports select blue chip altcoins.

Q: If there's a problem where can we go for support?

A: Visit one of our socials and ask your question there. Our community managers will be more then happy to help find an answer. Be wary though, nobody from the Altitude team will EVER contact you first, nor will we ever require you to send money or share your seed phrase with us. Stay safe!

Q: How can we ensure that there's liquidity at the destination chain?

A: . 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.

Instead of relying on project-provided funds to guarantee a transaction, Altitude follows a more secure approach by manually validating a cross chain transaction on the destination chain. When a cross chain transaction is initiated, Altitude holds the user's funds on the source chain without changing the state of the bridge. The user can then choose to confirm or revoke the transaction on the destination chain, knowing that Altitude is holding the funds on the source chain.

Q: Which wallets are supported?

A: MetaMask and Coinbase wallets are supported. Follow the hyperlinks to download your respective wallet of choice.