Orcus Finance is now supported by Celer Network
Astar Bridge Campaign with cBridge
According to the Defillama source, Astar Network has now reached more than $740m Total Value Locked and remains the most productive Polkadot EVM compatible parachain! Astar has great potential on becoming a multichain dApp hub on Polkadot that will support multiple blockchains and virtual machines, as Polkadot Relay Chain doesn’t natively support smart contracts. Astar is here to provide the most accessible solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other.
Starting from March 2, the network has launched the Astar Bridge Campaign together with Celer Network, where everyone can earn ASTR tokens with bridging tokens using cBridge.
The rules are simple: Ethereum should be the original chain and Astar as the destination chain to earn rewards. Once the setup is done, bridge any tokens from Ethereum and up to 20ASTR will be rewarded!
Thanks to Celer Network and their cBridge, $120M worth of assets were bridged as of March 6 🌟
Orcus Finance and Celer Network connection
It was previously mentioned that at Orcus Finance we are launching the first Fractional-Algorithmic stablecoin on Astar Network and will follow all multichain intentions and scalability options together within the whole DeFi space.
Celer Network build cBridge, a decentralized and non-custodial asset bridge that supports more than 65 different tokens across 23 different blockchains and layer-2 rollups. Built with the Celer Inter-chain Message Framework, cBridge has processed more than $4.3b cross-chain asset transfers volume for more than 108K unique users and is quickly growing.
Appreciations for Celer Network on bridging such significant and valuable assets on Astar Network as USDT, USDC, DAI, WETH, BNB, BUSD, WBTC, PKEX, SDN, MATIC, AAVE, CRV, and even more are coming!
Thanks to cBridge and enough USDC reserves, Orcus Finance can offer Dual-Token collateralization level while using USDC and ORU tokens to mint oUSD stablecoin. So far, we are focused on using only the stablecoin, but the presence of WBTC gives us a free hand to create another synthetic asset, I think you understand what we mean!
From day 1 of the Orcus Finance launch, we will work closely with Celer Network to make oUSD a multichain fractional-algorithmic stablecoin, which will be available in majority markets for different financial operations, lending and trading. cBridge will help us to ensure bridging liquidity and delivering oUSD stablecoin on the lots of chains!
The future is multichain✨
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Join Celer Network at:
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