Orcus Finance Is Now Supported By Celer Network
It was previously mentioned that at Orcus Finance are launching the first Fractional-Algorithmic stablecoin on Astar Network and will follow all multichain intentions and scalability options together within the whole DeFi space.
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.
Appreciations for Celer Network on bridging such significant and valuable assets on Astar Network as USDT, USDC, DAI, WETH, BNB, BUSD, WBTC, PKEX, SDN, MATIC, AAVE, CRV, and even more are coming!
Orcus Finance can offer Dual-Token collateralization level while using USDC and ORU tokens to mint oUSD stablecoin. So far, we are focused on using only the stablecoin, but the presence of WBTC gives us a free hand to create another synthetic asset via cBridge function of Celer Network.
Since day 1 of the Orcus Finance launch, their team will work closely with Celer Network to make oUSD a multichain fractional-algorithmic stablecoin, which will be available in majority markets for different financial operations, lending and trading.
ABOUT Orcus Finance
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 extends its core technology, specifically the State Guardian Network used in the Generalized State Channel Network, and transforms it into a generalized inter-blockchain and cross-layer communication platform. This pivot led to the creation of the Celer Inter-chain Messaging Framework (Celer IM), cBridge, and layer2.finance. Today, Celer Network has a strong global team pursuing the unchanged goal of pushing blockchain to mass adoption.
RESOURCES
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