CelerNetwork Partners With dForce
CelerNetwork has partnered with dForce to enable cross-chain bridging for DF and USX through cBridge.
Users will now be able to bridge DF and USX in a liquidity-pool-based model directly between Ethereum, BSC, Arbitrum, and Optimism—allowing them to gain access to fast finality and extremely low costs in cross-chain transfers!
dForce advocates for building a complete set of DeFi protocols covering assets, lending, and trading. This is to serve as a layer 0 infrastructure in Web 3. As a blockchain agnostic protocol aiming to provide underlying infrastructure powering the development of DeFi, dForce has the ability to interact with differing protocols in various environments, giving users the freedom of choice to change between blockchains. With cBridge helping to facilitate dForce’s multi-chain strategy, users will be able to access deep liquidity, instant and low-cost transfers, with security rooted in Celer’s State Guardian Network PoS chain.
Enabling bridging of DF and USX is the first step in the aligned vision of Celer and dForce. With Celer’s Interchain Message Framework coming close to its mainnet launch, the two teams will discuss more opportunities in offering dForce users access to a wide spectrum of DeFi scenarios on different chains with a unified liquidity and a single-click user experience.
About dForce
dForce advocates for building a complete set of DeFi protocols covering assets, lending, trading, serving as layer 0 infrastructure in Web 3. dForce is currently deployed on Ethereum, Arbitrum, Optimism, and BSC with a TVL of $205m.
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/2022/01/29/celer-partners-with-dforce/
