PancakeSwap Partners With Celernetwork
PancakeSwap reached a strategic partnership with Celer Network and enabled cross-chain liquidity farming using the Celer Inter-Chain Messaging (Celer IM) framework. Today, the two projects are furthering collaborations in Aptos: PancakeSwap liquidity pools have launched on Aptos with Celer-bridged tokens like USDC, USDT, WETH and BNB as key assets to start with.
Starting with Ethereum
PancakeSwap’s launch last month on Ethereum is unique in that the farming is friendly to liquidity providers (LPs) who want to avoid the high transaction costs and finality delay associated with Ethereum transactions. Through the integration with Celer IM, users can provide liquidity to PancakeSwap pools on Ethereum and harvest CAKE rewards on BNB Chain.
About Celer Network
Celer is a blockchain interoperability protocol enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, privacy solutions and more across multiple chains. Developers can build inter-chain-native DApps using the Celer Inter-chain Message SDK to gain access to efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX, all from a single chain.
About Celer Inter-chain Message
Celer uses smart contracts that are deployed on each chain paired with the State Guardian Network, a Tendermint-based blockchain, in order to enable seamless multi-blockchain interoperability. Instead of deploying multiple isolated copies of smart contracts on different blockchains, developers can now build inter-chain-native dApps with efficient liquidity utilization, coherent application logic, and shared states. Users of Celer IM-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX, without complicated manual interactions across multiple blockchains.
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