Celer cBridge now on imToken
Celer cBridge now on imToken — The latest addition in Celer collection of Layer 2 bridges uses a State Guarding Network to guarantee safe bridging.
Built on top of the Celer Inter-chain Messaging Framework, the bridge offers fast, low-cost and secure transfers between various EVM and non-EVM chains and layer 2s. And now announcing, Celer cBridge now on imToken.
Why cBridge? And how does it work?
cBridge are at $8.2 bn total cross-chain transaction volume and close to $500 million TVL as of the time of writing.
Two major cBridge models are a liquidity-pool-based cross-chain bridge, and a lock-and-mint canonical bridge.
With a tremendously growing TVL, the liquidity-pool based bridge will enjoy better liquidity depth. Leading to lower slippage in cross-chain transfer. While on the other hand, the lock-and-mint bridge can reach 100% liquidity utilization without preminted liquidity, and is widely adopted by projects going on new chains.
But moreso, the underlying Celer Network offers a very general approach to bridging arbitrary messages. There are several DeFi and NFT protocols built on top of the Celer Inter-chain Messaging Framework. Including ChainHop, Rubic, Swing, SynFutures, Ooki, etc.
How to use cBridge on imToken
To get started, download the latest imToken from Google Play, Apple App Store, or directly at token.im.
Enter your wallet, and switch to your favorite in the top menu:. ‘Ethereum Mainnet’, ‘Arbitrum’, ‘Polygon’, ‘Avalanche’, ‘Gnosis Chain’ and many others.
Search for ‘cBridge’ in the ‘Browser’ and start bridging.
About Celer Network
Founded in 2018, Celer Network launched the world’s first Generalized State Channel Network on mainnet in 2019. Later, Celer transformed its State Guardian Network (used in the Generalized State Channel Network) into a generalized inter-blockchain and cross-layer communication platform, creating the Celer Inter-chain Messaging Framework (Celer IM), cBridge, and layer2.finance.
