cBridge Goes Live on Mainnet-Huge Step to Interoperable Future

The improved version of State Guardian Network (SGN), cBridge 2.0, which was launched less than two months ago, goes live on mainnet! Users will be able to transfer USDT, USDC, and ETH throughout Arbitrum, Avalanche, BSC, and Polygon in a few minutes that will reduce the cost. This will be in the initial stage after the launch. Pool contracts will receive liquidity from Liquidity Providers (LPs) without incurring the costs of running cBridge nodes. Decentralized applications (dApps) developers may utilize the cBridge 2.0 SDK to provide a native multi-chain experience to its users.

Liquidity mining, bonus programs, and enhanced State Guardian Network staking and revenues completely based on the fees from the transaction are among the features and functionalities that have already been completely created and tested. These features are offered in different sets of batches based on the schedule of launching in multi-phase. This will help in providing a safe and secure shift from 1.0 to 2.0. Other key features such as a passing of arbitrary message NFT bridging, SDK, and Non-EVM chain compatibility are developed and added to release in the future.

What can you expect in cBridge 2.0?

This new version of cBridge 2.0 will offer the best experience to liquidity providers and users. Celar will enable $CELR investors to earn direct value right from the SGN through each transaction fee.

Some changes for Users-

  • One-click for cross-chain Bridge
  • Receiving unwrapped tokens of gas
  • Efficient pricing between chains and tokens based on liquidity supply.

For Liquidity Sellers

  • Option to contribute liquidity managed completely by SGN without using the node.
  • No use of LPs to receive synthetic tokens

For Developers

An integrating SDK that allows consumers to enjoy a complete multi-chain right in their dApps and Blockchain wallets.

About Security

Hacking events earlier occurred in the multi-chain interoperability and bridging arena, ranking among the biggest attacks in the history of the Internet. These tragedies remind us that security will be the biggest priority of all.

The SGN, a PoS Blockchain, is that fabric tying different blockchains altogether in cBridge 2.0, which is also an interoperability mechanism. cBridge 2.0 features cutting-edge innovations such as cross-chain pricing, liquidity mining, and management algorithms.

Future plans

Celer plans to introduce a set of new features with a similar execution period while the cBridge 2.0 continues to pass through different launch phases. This includes- Self-managing liquidity mode, no-EVN support chain, and cross-chain message passing through NFT.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

Related Articles

Back to top button
Bitcoin (BTC) $ 66,185.73
Ethereum (ETH) $ 3,557.59
Tether (USDT) $ 0.999337
BNB (BNB) $ 605.68
Solana (SOL) $ 144.62
XRP (XRP) $ 0.482758
Dogecoin (DOGE) $ 0.136477
Cardano (ADA) $ 0.410797