cBridge Launches on Moonbeam and Partners with Zenlink for GLMR Boosted Liquidity Farming

2 min read

We are excited to announce that Celer cBridge now supports bridging to Moonbeam under the Open Canonical Token Standard. The Moonbeam community is now able to use cBridge for a fast, low-cost cross-chain bridging experience between Moonbeam and 15 other supported blockchains and layer2 networks. In addition, the Celer Inter-chain Messaging Framework (Celer IM) will enable cross-chain function call, cross-chain dApp composability, and general message passing on Moonbeam very soon.This means that users from other blockchain ecosystems are also able to use applications built and deployed on Moonbeam through Celer IM. 

To celebrate this integration, we’ve partnered with Zenlink, one of the most used decentralized exchanges in the Polkadot ecosystem, to launch two liquidity farming pools for the (ceUSDT, ceUSDC) pair and the (ceUSDC, GLMR) pair with 30-days of boosted rewards in ZLK, GLMR and CELR. 

Zenlink is an underlying cross-chain DEX protocol based on Polkadot, and is committed to becoming the DEX composable hub of Polkadot. By accessing the ultimate, open and universal cross-chain DEX protocol based on Substrate, Zenlink’s DEX Protocol enables all parachains to build DEXes and achieve liquidity sharing in a single click. Zenlink and Celer share the belief of a cross-chain future and will continuously further our collaboration from this initial joint liquidity mining farming event. 

To participate in the farming pools, users can first move their USDC, USDT and CELR from Ethereum to Moonbeam using cbridge.celer.network, shown in the following snapshot. 

To differentiate USDT and USDC bridged from Ethereum by other bridges, users will see a “ce” prefix for their bridged token on Moonbeam and Zenlink. So when selecting pools to add liquidity on Zenlink, please make the selection as shown in the following. 

Here is what the daily liquidity farming rewards will be for the first 30 days:

Pool PairGLMR Daily Reward ZLK Daily RewardCELR Daily Reward
USDC, USDT206.8965517100046153.84615
GLMR, USDC206.8965517100046153.84615

The token addresses for cBridge bridged tokens on Moonbeam are: 

USDT: 0x81ECac0D6Be0550A00FF064a4f9dd2400585FE9c

USDC: 0x6a2d262D56735DbA19Dd70682B39F6bE9a931D98

CELR: 0x3795C36e7D12A8c252A20C5a7B455f7c57b60283

We plan to support more tokens on Moonbeam soon! So stay tuned for more announcements in the near future.

About Zenlink

Zenlink is an underlying cross-chain DEX protocol based on Polkadot and is committed to becoming the DEX composable hub of Polkadot. By accessing the ultimate, open, and universal cross-chain DEX protocol based on Substrate, Zenlink DEX Protocol enables all parachains to build DEX and achieve liquidity sharing in one click. Zenlink DEX Protocol includes Module, WASM, and EVM implementations, which are flexible and adaptable, allowing for customizable compositions and interoperability with different DeFi modules.

In addition, the Zenlink DEX Aggregator connects all DEX DApps on Polkadot and aggregates liquidity, providing a low slippage trading experience for users. Zenlink DEX Composable Hub enables developers to access the Zenlink DEX Module to build their own unique DEXs, forming a DEX composable hub for the Polkadot ecosystem. Currently, Zenlink has received 2 rounds of Web3 Foundation Grants and investments from well-known institutions such as Alameda Research, Hashkey, IOSG, OKEx Blockdream Ventures, and Hypersphere. Learn more:

DEX DAPP | Website | Twitter| Github | Discord | Telegram EN

About Celer Network

Celer Network is a generalized blockchain interoperability platform that brings fast, secure and low-cost inter-chain native applications to mass adoption. 

Follow Celer Network:Website| Telegram | Twitter | Github | Discord |

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