HomeNew CMC ListingsceWBTC Lands on StellaSwap

ceWBTC Lands on StellaSwap

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StellaSwap is excited to announce the installation of a new farm with Celer Network assets.

Celer, the leading inter-blockchain and cross-layer communication technology, has been incredibly fruitful in their long-term collaboration. It includes significant value synergies that benefit the Moonbeam ecosystem. This demonstrates StellaSwap and Celer’s solid collaboration.

Furthermore, they have unanimously agreed to extend liquidity mining rewards for current celerAssetsAs farms. Celer farms on StellaSwap have amassed about $10 million in TVL liquidity, demonstrating the Moonbeam ecosystem’s popularity.

ceWBTC Comes to Town!

StellaSwap now has Celer-wrapped Bitcoin (ceWBTC). The rise in BTC presence on moonbeam corresponds to the growing popularity of Ethereum-wrapped Bitcoins among cryptocurrency users. This is in order to take advantage of DeFi composability and enhance their BTC holdings’ dividends.

The farming for the new ceWBTC farm will last for 30 days. Rewards will be in $Stella and $CELR. Farms will be open for deposit on May 1 at 4PM, UTC. On the other hand, farm rewards go live on May 2 at 4PM, UTC.

Bridging Support

Remarkably, Celer Network recently announced plans to support PlatON bridging. Users will eventually be able to link WETH, WBTC, USDC, USDT, DAI, GRT, and LINK between ETH and PlatON in a rapid, safe, and low-cost manner using the Open Canonical Token Standard.

On the other hand, Celer cBridge was the first to support bridging to the Astar Network. It was via the Open Canonical Token Standard. The Astar Network community will be able to use cBridge to bridge between Astar Network and 18 other supported blockchains and layer2 networks at a minimal cost.

In addition, the Celer Inter-chain Messaging Framework (Celer IM) will support cross-chain function calls and dApp composability. Once Celer IM is completely integrated, users from other blockchain ecosystems will be able to use applications produced and deployed on Astar Network using Celer IM.

Learning about StellaSwap, PlatON and Celer

StellaSwap is the first and most popular Moonbeam DEX with an integrated DeFi gateway. From a single unified platform, users can exchange, earn, yield farm, bridge assets, explore new initiatives, and engage in NFT trading. StellaSwap’s products are designed to allow for decentralized governance among STELLA holders. Simultaneously, it continues to innovate by design on the common foundations.

The LatticeX Foundation, on the other hand, created and promoted PlatON. PlatON provides the next-generation Internet basic protocol with “computing interoperability,” based on the fundamental features of the blockchain and supported by a privacy-preserving computing network. It assembles a computing system using cryptographic techniques.

Celer is a blockchain interoperability protocol that allows users to access tokens, DeFi, GameFi, NFTs, governance, privacy solutions, and more with a single click across various chains. The Celer Inter-chain Message SDK allows developers to create inter-chain-native dApps with efficient liquidity usage, consistent application logic, and shared states. Celer-enabled dApps will provide users with the advantages of a diversified multi-blockchain ecosystem while maintaining the simplicity of a single-transaction UX, all from a single chain.

“The opinions voiced in this Cryptocurrency news article are solely those of the individuals quoted or interpretations of the author. These opinions & interpretations are necessarily endorses Your Crypto Banker or its subsidiaries.”

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