We are pleased to announce that imToken has listed a decentralized cross-chain bridge built on the Celer network . You can experience fast, low-cost and secure transactions between L1 and L2, L1 and L1 through this cross-chain bridge . So far, cBridge has supported more than 30 chains, including Ethereum, BNB Smart Chain, Arbitrum, Optimism, Boba, Polygon, and Flow.
Founded in 2018, Celer Network launched the first state channel network on the Ethereum mainnet in 2019. As the ecological pattern of multi-chain coexistence evolves, Celer is also moving with the times, upgrading its state channel guardian network into a cross-chain, cross-layer general communications platform. The main products are Celer Cross-Chain Communication Framework (Celer IM). ), cBridge and layer2.finance.
The flexible bridging mechanism is an important reason for cBridge’s rapid growth. By introducing two bridging mechanisms based on liquidity pools and lock-and-mint (lock-and-mint), cBridge can meet the different needs of users in different cross-chain scenarios. .
Liquidity pool-based bridging mechanism allows cBridge’s cross-chain exchange slippage to decrease as TVL grows; The lock-and-mint mechanism allows for 100% capital utilization with no preset liquidity. It is very friendly to project parties who need to provide liquidity in the new chain.
It is this flexible bridge mechanism design that allows cBridge to easily support different tokens, fundamentally guaranteeing the user experience. cBridge now supports over 120 tokens.
imToken’s point of view: cBridge’s bridge mechanism is flexible in design and supports users to complete the cross-chain exchange in one click, unlike some cross-chain bridges that require multiple operations. For example, wETH on the BNB Smart Chain can be exchanged directly for native ETH on Arbitrum.
More importantly, Celer Nerwork’s underlying design provides a general approach to bridging any protocol. Currently, several DeFi and NFT protocols have been built based on Celer’s cross-chain communication framework, including ChainHop, Rubic, Swing, SynFutures, and Ooki. We look forward to the future development of Celer!