CRYPTO NEWS & DATA SPACE

CRYPTO NEWS & DATA SPACE

Standard Protocol x Celer Network Collaboration

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Standard Protocol announced partnership with Celer Network, an inter-blockchain and cross-layer communication platform that offers instant, low-cost and secure cross-chan bridging and layer-2 scaling.

Standard’s governance token, $STND, is now supported by Celer’s cBridge, and users can move $STND between Andromeda (Metis Mainnet) and Ethereum within minutes for significantly reduced transfer costs.
The cBridge integration enables Standard Protocol to venture into Layer 2 and connects our users across multi-chains.

Celer Network is a layer-2 scaling platform that brings fast, secure and low-cost blockchain applications on Ethereum, Polkadot and other blockchains to mass adoption. Celer launched the world’s first Generalized State Channel Network and continues to push the frontier of layer2 scaling with advanced Rollup technology. Core applications and middlewares like cBridge, layer2.finance and more ecosystem applications built on Celer have attracted more large audiences in DeFi, blockchain interoperability and gaming space.

Celer cBridge is a multi-chain interoperability platform that can bridge assets and arbitrary messages across 10+ different chains in an instant, low-cost, and secure method. As of the date of this article, cBridge has bridged around $2 billion worth of assets.

Standard Protocol is the first Collateralized Rebasable Stablecoin (CRS) protocol for synthetic assets that will operate across multichain ecosystems, with our in-built DEX as a market maker to ensure capital-efficient liquidation process and stability of our stablecoin MeterUSD ($USM). It is also a recipient of the Shiden Network Builders Program Grant, Polygon #DefiForAll Fund and Polkadot Web3 Foundation Grant. Standard Protocol strives to innovate as the next-generation digital asset and prides itself on its global community growth approach.

📰 INFO

https://blog.standard.tech/standard-protocol-partners-showcase-celer-network-f5975bc36222

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