Orcus Finance is Now Supported By Celer Network
Astar Network has now reached more than $740m Total Value Locked and remains the most productive Polkadot EVM compatible parachain! Astar has great potential on becoming a multichain dApp hub on Polkadot that will support multiple blockchains and virtual machines, as Polkadot Relay Chain doesn’t natively support smart contracts. Astar is here to provide the most accessible solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other.
Celer Network build cBridge, a decentralized and non-custodial asset bridge that supports more than 65 different tokens across 23 different blockchains and layer-2 rollups. Built with the Celer Inter-chain Message Framework, cBridge has processed more than $4.3b cross-chain asset transfers volume for more than 108K unique users and is quickly growing.
Orcus Finance can offer Dual-Token collateralization level while using USDC and ORU tokens to mint oUSD stablecoin.
About Orcus Finance
Orcus Finance (the “Protocol”) is delivering the first Fractional-Algorithmic Stablecoin pegged to the United States dollar which is built on the Astar Network. Since Astar Network is a gateway to the multi-chain environment, we are going to expand our stablecoin to as many networks as possible in the near future.
Orcus Finance is an entirely decentralized and autonomous protocol with the native governance token which aims to be the first leading Fractional-Algorithmic Stablecoin issuer on the Astar network and to implement multiple useful financial tools and other synthetic assets in the ecosystem.
About Celer Network
Celer Network is the leading inter-blockchain and cross-layer communication platform that facilitates fast, secure, and low-cost cross-chain composability and bridging. Celer’s core applications and middleware like the Inter-chain Message Framework, cBridge, and Layer2.Finance have attracted important blockchain contributors and massive end users in the DeFi, blockchain interoperability, and gaming spaces to build and use inter-chain native applications enabled by the Celer tech suite.
About Astar
Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multichain smart contract platform that will support multiple blockchains and virtual machines. Polkadot Relay Chain doesn’t support smart contracts. That’s why the ecosystem needs to have a parachain that enables this for all developers who want to build in the Polkadot ecosystem. Astar is here to provide the best solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other.
➡️Source:
https://orcusfinance.medium.com/orcus-finance-is-now-supported-by-celer-network-d0ceb47c2c70
