Celer Partners with Dforce to Enable Cross-Chain Bridging for DF and USX Through cBridge

Celer has announced another new collaboration with dForce. As cBridge’s total transaction volume reaches a new high of over $2.7 billion, Celer is adding support for more chains and protocols. Celer has collaborated with dForce and finished the DF and USX integration on cBridge. The dForce Token (DF) is the governance token for the dForce network, giving holders the ability to vote on choices affecting the dForce protocols, such as onboarding of new assets and collaterals, risk parameter modifications, fee accrual, and interest alignment.dForce is a fully integrated and interoperable platform for opening financial protocols that include lending, asset management, and trading. Users will be able to bridge DF and USX directly across Ethereum, BSC, Arbitrum, and Optimism in a liquidity-pool-based manner, giving them access to rapid finality and incredibly cheap costs in cross-chain transactions!

dForce supports the development of a comprehensive set of DeFi protocols that encompass assets, loans, and trading. In Web 3, this will act as a layer 0 infrastructure. dForce is a blockchain agnostic protocol that aims to offer underlying infrastructure for the development of DeFi. It can communicate with different protocols in different circumstances, providing users the opportunity to choose between blockchains. Users will be able to access deep liquidity, quick and low-cost transfers, and security-based in Celer’s State Guardian Network PoS chain, thanks to cBridge’s contribution to dForce’s multi-chain approach.

The first step towards Celer and dForce’s shared objective is to enable DF and USX bridging. With Celer’s Interchain Message Framework nearing mainnet deployment, the two teams will discuss new ways to provide dForce users with access to a wide range of DeFi situations across several chains, all with uniform liquidity and a single-click user experience.

Celer Network is a layer-2 scaling platform for Ethereum, Polkadot, and other blockchains that enables the broad adoption of fast, secure, and low-cost blockchain applications. In the DeFi, blockchain interoperability, and gaming area, core apps and middlewares like cBridge, layer2.finance, and other ecosystem applications based on Celer have gained larger audiences.

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.

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