Ethereum Out, Avalanche In: Littio Makes the Switch as Yield Pot Popularity Surges

Last Updated on October 10, 2024

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Avalanche Coin. Source: Vlastimil Šesták - stock.adobe.com

Key Takeaways:

  • Colombian neobank Littio transitions from Ethereum to Avalanche for its Yield Pots platform, citing lower fees and better network performance.
  • Littio’s platform, integrating real-world assets (RWAs) with blockchain, has processed over $80 million in transaction volume since February.
  • The move reflects growing demand in Latin America for stable, yield-bearing products tied to U.S. Treasury bills amid local currency depreciation.

Colombian neobank Littio is transitioning its Yield Pots platform from Ethereum (ETH) to Avalanche (AVAX) to scale operations and meet growing demand for products tied to U.S. Treasury bills.

Littio cited Avalanche’s lower transaction fees and reliable performance as key factors.

Yield Pots, launched earlier this year, allow users to earn interest on U.S. dollar deposits, particularly appealing amid currency depreciation in Latin America.

The platform integrates real-world assets (RWAs) like U.S. Treasury bills using stablecoins.

Littio has processed over $80 million in transaction volume since February and aims to provide an alternative for users seeking stable yields.

Avalanche’s focus on RWAs and a $50 million initiative to support such projects align with Littio’s goals.

As Latin American fintechs increasingly adopt blockchain to meet demand for U.S. dollar exposure, Littio’s move reflects broader trends in the region, offering innovative financial services to hedge against inflation while ensuring scalability and lower costs for users.

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