Celer Network, a multichain OS, and Flow have announced a cooperation (operating system). Celer’s cBridge and the two companies recently teamed up to support NFT and digital asset bridging across 20+ chains. The connection will give the platforms complete multichain interoperability. With multi-chain becoming more common in the blockchain sector, the integration will open up a slew of new cross-chain possibilities.
Celer, being a well-known multichain OS, allows for various states, liquidity, and application logic to be distributed across numerous chains. These chains communicate with one another, allowing DeFi app projects and developers to compile integer chains.
Celer’s asset bridge, dubbed cBridge, allows for rapid, simple, and secure off-chain payments and smart contract transactions. Celer also offers its SGN (State Guardian Network), a tendermint-based PoS (proof-of-stake) blockchain network. The network serves as a messaging hub for several blockchain networks.
In the first phase of their collaboration, Flow and Celer will use cBridge to connect projects that are releasing tokens. It will raise the profile of Flow’s DeFi architecture, allowing it to reach a wider audience throughout these chains.
Celer also has bluechip virtual assets like USDT, DAI, WBTC, WETH, and others on hand to infuse with Flow. In addition, with Metapier and Increment Finance, other Flow-based projects are collaborating with cBridge to enhance their value proposition and customer base. Flow, on the other hand, will benefit more from the partnership after incorporating 24 premium chains supported by the Celer Network.
The former is an AMM DEX (automatic market maker decentralised exchange) with a lot of features, while the latter is a lending protocol that develops DeFi frameworks. Both endeavours provide tremendous value to the relationship, resulting in a win-win situation.
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