According to Foresight News, the on-chain bond layer Xitadel has announced the completion of a new round of financing, with the specific amount undisclosed. In this round, Solana Labs co-founder Anatoly Yakovenko, BONK core contributor Nom None, Jupiter advisor Kash Dhanda, and others participated.
Xitadel stated that it will launch Liquidity Transfer Token (LTT), a financial instrument that is over-collateralized, with a fixed term and fixed income, supported by project governance tokens and supporting on-chain transactions. Compared to traditional lending protocols or ve-token models, LTT can be freely traded on AMM, receive locked asset support at a 1:1 ratio, and provide a clear maturity date and definite returns. The product will first be issued in the Solana ecosystem and achieve cross-chain asset portfolio management through Wormhole and Chainlink technologies.
