As more and more chains and tokens are supported, Celer cBridge continues to grow faster than ever! With fast cross-chain finality and extremely low transfer costs, cBridge has recently been able to achieve $2.2B in total transaction volume. On top of that, Celer cBridge has seen a HUGE increase in total value locked (TVL) over this past week—increasing 48% from $128M to just over $190M!
On Jan. 5th UTC, cBridge launched support for Aurora, an EVM scaling network that runs on the NEAR Protocol and takes advantage of its many unique features, including sharding and fast finality. To further the collaboration with Aurora, Celer cBridge has approved, through a governance process, liquidity mining sessions on Aurora for USDC and USDT. After the initial bootstrapping phase, users will be able to transfer USDT and USDC between Aurora and all cBridge supported chains such as Ethereum, BSC, Optimism, Arbitrum, Avalanche, and more!
Aurora provides the Ethereum 1.0 development experience, with layer-2-like speed and scalability. Developers may enjoy familiar Ethereum tooling such as Etherscan, Truffle and Infura when working with their Solidity smart contracts on Aurora. The base token of Aurora is ETH and users can access the network with familiar wallets like MetaMask and Imtoken, providing a smooth onboarding experience for Dapp users.
In order to help bootstrap liquidity, liquidity mining sessions on cBridge for both the USDC and USDT pools will start from 05:00 Jan 19 UTC. Total daily rewards for the USDC and USDT pools are 29589.0411 and 29589.0411 CELR respectively.
The first round of liquidity mining will last for 26 days. In the initial bootstrapping phase cross-chain transfers will be disabled and will be enabled once sufficient liquidity is added.
For a tutorial to liquidity mining on cBridge, check here.
Follow us to join subsequent liquidity mining programs on Aurora!
Celer Network Website: https://www.celer.network