Starfish Finance Integrates Celer Network’s cBridge and Inter-chain Message (IM) Framework into its DeFi and NFT-Fi Product Suite
Starfish Finance is delighted to announce our strategic partnership with Celer Network, a prominent cross-chain asset transfer technology. It is such a historical moment for both teams to witness the integration of cBridge and IM framework. As the Starfish team firmly believes, the blockchain economy’s future is multi-chain, this integration will significantly enhance our DeFi and NFT-Fi user experience.
Boosting Cross Chain Liquidity Efficiency with cBridge
Through Celer Network’s cBridge and the recent XCM update on the Polkadot ecosystem, users will be able to bridge their crypto assets seamlessly between various Layer 1 and Layer 2 ecosystems. Starfish Finance takes initiatives to deepen collaboration with a wide range of decentralized protocols outside and inside Astar network.
Cross-Chain NFT Lending and Borrowing via Celer IM
Starfish’s partnership with Celer Network is beyond a ubiquitous DeFi bridge. The latest Celer’s IM framework is fused within the Starfish Finance protocol. Users can securely lock their NFTs on their native chains, enabling them to borrow various crypto assets cross-chain on Astar Network. The beauty of such a mechanism is that users will not risk security issues locking their NFTs on cross-ecosystem bridges. In addition to Celer’s engineering, Starfish Finance adopts DIA’s decentralized oracle to acquire tokens and NFTs’ price feed instantly across CEXs and various layer one ecosystems, including multiple NFT marketplaces, DEXs, and DeFi protocols.
What is cBridge?
cBridge is known for its best-in-class, highly efficient, and easy-to-use cross-chain token bridge. It is a decentralized non-custodial asset bridge that supports secure, fast and low-cost transfers for over 70 tokens across more than 20 blockchains and layer-2 rollups. cBridge users can seamlessly bridge their crypto assets between Layer 1 ↔ Layer 1, Layer 1 ↔ Layer 2, and Layer 2 ↔ Layer 2 ecosystems.
Learn more about cBridge here
What is the Inter-chain Message (IM) Framework?
The Celer IM fundamentally changes how multi-blockchain dApps are built and used. The IM framework is a revolutionary SDK that developers can build inter-chain dApps with for efficient liquidity utilization, coherent application logic, and shared states across multiple blockchains. Instead of deploying multiple isolated copies of smart contracts on different blockchains, dApps built with Celer IM are inherently inter-chain native.
The Celer IM framework is very easy-to-use and also allows existing dApps to integrate Celer IM without any modification to existing code.
Learn more about Celer IM here
Sean wants to say “Thank You” to all the cBridge users on Astar Network for their continuous support ❤️ Check out our latest announcement to find our Easter Egg with Celer Network 😉
About Celer Network
Celer is a blockchain interoperability protocol enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, privacy solutions and more across multiple chains. Developers can build inter-chain-native dApps using the Celer Inter-chain Message SDK to gain access to efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX, all from a single chain.
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About Starfish Finance
Starfish Finance is incubated by the Astar Builders program. We are building the next generation DeFi x NFT-Fi headquarters on Astar Network within the Polkadot ecosystem. Through gamification of user experience, Starfish Finance offers stablecoin swap and NFT-Fi on top of an enhanced Balancer AMM model to deepen the liquidity of crypto or NFT trading and financing.
