StellaSwap Partners with Celer Network to Launch Dual Liquidity Incentives & Expand Bridging Infrastructure
We’re proud to unveil a strategic partnership with Celer Network, the leading inter-blockchain and cross-layer communication platform that facilitates fast, secure, and low-cost cross-chain composability and bridging. This marks the expansion of StellaSwap’s bridging infrastructure to include Celer’s cBridge cross-chain bridge. Celer cBridge has experienced exponential growth, hitting $3.2B in total transaction volume and $280M in TVL in the 7 months since its mainnet release.
This integration will connect cBridge users to new DeFi opportunities within the newly-launched Moonbeam Network. On top of that, this partnership will feature the first dual liquidity incentive program totalling $750,000 for users that will contribute liquidity towards assets bridged through cBridge.
“The key focus of StellaSwap has always been developing a comprehensive and robust bridging infrastructure to streamline cross-chain asset transfers, which is especially vital for a nascent chain. More importantly, we’re bent on creating an efficient onramp for mainstream users to scale adoption through simplicity. We’re excited to be partnering with Celer, pioneers of the Open Canonical Token Bridge Standard to facilitate a safer and better interoperability framework for bridges.” — StellaSwap Core Team
Dual Liquidity Mining Incentive Program
The partnership will kick off with the first dual liquidity incentive program on StellaSwap, where users that provide liquidity on ceAssets will get rewarded in both $STELLA and $CELR. The following pools will be the first to be dual-incentivized:
- ceBUSD/ceUSDT
- BNB/ceUSDT
The liquidity mining program will start on the 17th of February, and will last for 30 days. The cBridge integration on StellaSwap will be live on 16th February, 24 hours before the mining program starts.
About StellaSwap
StellaSwap is the first and leading Moonbeam DEX that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge assets, explore new projects and engage in NFT trading all from a single unified platform. StellaSwap’s products are structured in such a way that facilitates decentralized governance of STELLA holders, while continuing to innovate on the collective foundations by design.
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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 have 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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