CRYPTO NEWS & DATA SPACE

CRYPTO NEWS & DATA SPACE

Celer Network, cBridge Partners With WOO Network

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cBridge Partners with WOO Network to Enable Cross-Chain Bridges for $WOO

Celer is delighted to announce yet another new partnership! Celer have partnered with WOO Network and have completed the integration of their WOO token on cBridge. Through this, users will be able to bridge their WOO in a liquidity-pool-based model directly between Ethereum, BSC, Avalanche, Polygon, Fantom, and Arbitrum—allowing them to gain access to cBridge’s fast finality speeds and extremely low costs!

WOOFi is a unique DEX running on BSC that has developed a novel on-chain market-making algorithm (sPMM) which enables WOOFi to provide competitive pricing with a fraction of TVL compared to other AMMs. In addition, WOOFi charges swap fees of only 0.025% across all pairs, compared to the normal 0.3% fee you would normally see.

About WOO Network

WOO Network is a deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity, trading execution, and yield generation strategies at lower to zero cost. WOO Network was incubated by Kronos Research, a multi-strategy trading firm that specializes in high-frequency trading (HFT), arbitrage, and CTA, averaging around $5-10 billion of daily trading volume on global cryptocurrency exchanges. WOO Network also received strategic investment from Binance Labs and Three Arrow Capital in its recent Series A round.

About Celer Network

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 Layer-2 scaling with advanced Rollup technology. Core applications and middleware like cBridge, layer2.finance, and more ecosystem applications built on Celer have attracted large audiences in the DeFi, blockchain interoperability, and gaming spaces.

➡️Source:
https://blog.celer.network/2022/01/12/woo-cbridge/

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