cBridge announces partnership with Oasis Blockchain to Enable Cross-Chain Bridging on Emerald ParaTime

 


They 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 computing into two main layers: the Consensus Layer and ParaTime Layer. This design allows the Network to support many different parallels 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, they are continuing to expand their 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 of 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 has 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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