Cetus Collaborates with OmniBTC
Cetus Protocol reached a new strategic partnership with OmniBTC, an omnichain financial platform for web3.
Cetus Collaborates with OmniBTC
Powered by OmniBTC’s all-rounded infrastructure built for swap, lending and bridge, users on Cetus will be able to interact with various DeFi functions they need in a more convenient and seamless way. Cetus Collaborates with OmniBTC, Cetus will work with OmniBTC together to provide a better liquidity convergence and lay a foundation for better DeFi composability.
About OmniBTC
OmniBTC is an omnichain financial platform for web3, including OmniSwap, OmniLending and OmniBridge. Combining Bitcoin Layer2 network ChainX and omnichain interoperability protocol LayerZero, users can lend their BTC and borrow any token on any chain or swap any token between any chain with one click.
About Cetus
Cetus is a pioneer DEX and concentrated liquidity protocol focusing on Move-based ecosystems like Aptos and Sui. It’ll work as a crucial part of the ecosystem infrastructure to satisfy the comprehensive needs of traders, LPs, upper applications and an increasing DeFi population.
Liquidity in a common AMM is distributing uniformly along the entire price curve (0, ∞). In comparison, concentrated liquidity is the liquidity allocated within a specified price range. A concentrated liquidity protoco. Llike Cetus allows liquidity providers to contribute their liquidity within their custom price ranges.
SOURCE:
https://medium.com/@CetusProtocol/partnership-announcement-cetus-x-omnibtc-2e8eb712ab1
