Celer Partnership Enables Asset Bridging on Oasis with cBridge

Celer cBridge gives the Oasis community access to instant, low-cost cross-chain asset transfers to and from cBridge-supported networks.

Oasis

Feb 7, 2022

Ecosystem

The Oasis Foundation is excited to announce a new partnership with Celer Network with Celer cBridge that will give the Oasis Network community access to instant, low-cost cross-chain value transfers to and from other cBridge-supported networks.

Celer Network is the leading inter-blockchain and cross-layercommunication platform that facilitates fast, secure, and low-cost cross-chaincomposability and bridging. Celer’s core applications and middleware productslike the Inter-Chain Message (Celer IM) framework and Celer cBridge are used bydevelopers and users throughout multiple Web3 sectors, including decentralizedfinance, onchain gaming, and more.

“As the leading privacy-enabled and scalable Layer 1 blockchain, Oasis is ideal for DeFi. This new partnership with Celer Network will allow us to power more DeFi applications and grow the ecosystem.” said Jernej Kos, Director of the Oasis Foundation.

Oasis and Celer will also explore ecosystem opportunities in the newly-launched Celer IM framework. Using Celer IM, Oasis-based dApp developers can create cross-chain applications with efficient liquidity utilization, coherent logic, and shared states. Users will enjoy a multi-chain ecosystem with a single-transaction experience.

“We are very happy to see that the decision of the validators and stakers to connect cBridge to the Oasis Network has received overwhelming support from our Celer community," said Mo Dong, Co-Founder of Celer Network. "These new cross-chain capabilities between networks will help cement the Oasis DeFi ecosystem as one of the leading networks.”

See token addresses for cBridge bridged tokens on Oasis below: