cBridge users can now bridge specific tokens to Oasis from the Ethereum, Binance Smart Chain, Fantom and Avalanche blockchains. Celer’s foundations is getting stronger.
We are excited to announce that Celer has partnered with the Oasis blockchain to integrate cBridge into the Oasis Emerald ParaTime, an EVM-Compatible ParaTime providing a smart contract environment with full EVM compatibility on the Oasis blockchain.
Users are now able to bridge the following tokens to Oasis:
– USDT, USDC, WETH, DAI from Ethereum
– BNB from Binance Smart Chain
– FTM from Fantom
– AVAX from Avalanche
Oasis is the first scalable, privacy-enabled blockchain that can support private DeFi and Data Tokenization. Scalable, versatile, and private, the network has a unique architecture that separates consensus operations from compute into two main layers: the Consensus Layer and ParaTime Layer. This design allows the Network to support many different parallel compute environments (aka ParaTimes) that can be customized for a broad set of use cases.
As Celer cBridge hits $3.1B in total transaction volume and $270M in TVL, we are continuing to expand our support for more ecosystems, and supporting the Oasis blockchain from day 1 has been another important addition to this effort. With Celer’s SGN (a Tendermint-based PoS side chain to Ethereum) facilitating transactions, transfers between Oasis and Ethereum, BSC, Fantom, and Avalanche will see fast finality, low costs, and security rooted essentially on Ethereum layer-1.
This is all just the start for a new partnership with great potential. More tokens will be added as the integration progresses—Celer will also enable Oasis to closely connect with other DeFi ecosystems with full interoperability. Celer cBridge-enabled assets including USDC, USDT and DAI will be available to use on Oasis Dexes and lending protocols with more details to be announced soon.
For a quick and easy tutorial on how to bridge on cBridge, click here.
Enabling asset bridging on the Oasis platform is the first step in the aligned vision of Celer and Oasis. Furthermore, the Celer Inter-Chain Message (Celer IM) Framework will offer Oasis users and DApp developers a space to create inter-chain applications with efficient liquidity utilization, coherent logic, and shared states. This means that users can benefit from a multi-chain ecosystem with only one transaction.
About Celer Network
Celer Network is the leading inter-blockchain and cross-layer communication platform that facilitates fast, secure, and low-cost cross-chain composability and bridging. Celer’s core applications and middleware like the Inter-chain Message Framework, cBridge, and Layer2.Finance have attracted important blockchain contributors and massive end users in the DeFi, blockchain interoperability, and gaming spaces to build and use inter-chain native applications enabled by the Celer tech suite.
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