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Hyper Localization with Ottr Finance
Product-backed blockchain infrastructure
We are proud to announce that we are partnering with Ottr Finance to help provide their users with direct and safe access to rewards from staking. Ottr's users will now be able to stake their SOL directly in their wallets. We've tried it and are impressed with the ease and simplicity of this feature; great work Ottr. The unbanked are now one step closer to having the benefit and access that the banked have — a game changer for emerging markets.
etherfuse's mission is the promotion of decentralization of blockchain infrastructure. Yield alone as an incentive for validators' support is a race to the bottom, a centralization trap. These infrastructure-backed features and partnerships with blockchain products are the first step in our mission to promote the hyper localization of blockchain infrastructure.
Blockchain products like Ottr will lead the way in introducing better incentives that improve infrastructure decentralization. Local products create better incentives for increased decentralization — enabling value creators to also participate in capturing that value.
Products like Ottr solve specific use cases, often specific to a locality. Coupling these products and their features with the profitability of the infrastructure that powers the product is a positive self-reinforcing loop. etherfuse will provide access to the value created by these infrastructure-backed features while enabling products like Ottr to focus on what they do best — making world-class products.
The value created in Web2 was predominantly centralized; Web3 can and must be different. Value capture will be on-chain. These positive-reinforcing loops will create value regional to a product's customers. These communities will soon be able to support local and decentralized validators by using the products that improve their lives — and will capture that growth locally. etherfuse is on a mission to enable communities to capture the value they create.
We will promote the decentralization of blockchain infrastructure by partnering with blockchain products serving DeFi needs local to the communities, improving the profitability of local validators. Our current focus is Mexico and, more broadly, LATAM, whose primary needs are a low-cost mechanism to send money across borders and products for the unbanked. These partnerships are the first step towards better infrastructure decentralization — serving their communities' needs by tightly coupling users of Web3 products to a representative validator.
Soon, we will enable wallets access to more traditional investments in bonds, treasuries, and companies, the ability to earn interest on stablecoins and crypto tokens, and even cheaper forms of remittance payments — with full regulatory approval. Each service will be architected in a way that increases the viability of that communities local validator. Our partnership with Otter is the first step in realizing this future. Many thanks to them and their users for helping us pioneer this effort.