MUX Protocol utilizes Celer to Build Cross-Chain Future Trading DEX

2 min read

Celer is excited about our recently announced partnership with MUX Protocol and the launch of MUX’s multi-chain native future trading DEX that is enabled by Celer technology. With MUX Protocol’s integration of Celer’s cross-chain bridging support for their muxTokens (muxETH, muxUSD, etc) and MUXLP between Arbitrum, BNB Chain, Avalanche, and Fantom—users are able to bridge MUXLP to any supported chain for staking or to withdraw assets. In some instances, muxTokens, which can be redeemed on any supported chain that has sufficient token reserves, are able to be used when settling profits from trading. This allows for a greatly increased interoperable user experience and better overall liquidity efficiency for the protocol.

We have been excited to see Celer cBridge become one of MUX’s solutions to the scalability challenges that many dApps including MUX are facing. Their choice to include Celer as one of their solutions is largely based on Celer’s industry-leading security design, risk-control measures, one-click cross-chain experience, and competitive pricing.

Cross-chain messages using cBridge are routed by Celer’s Proof-of-Stake blockchain – the State Guardian Network. This allows cBridge to inherit PoS consensus and security mechanisms incentivized by block rewards for honest participation, all while having slashing mechanisms in place for malicious actions. There are currently 21 validators on the State Guardian Network, including Binance, IOSG, InfStones, Everstake, Ankr, and Forbole.

In addition, we also support an optimistic-rollup-inspired consensus model that works securely even under the worst possible case of all validators becoming compromised. In this model, a two-phase commit is used to process a cross-chain transfer. By having a delay buffer between when the message is received by the State Guardian Network and when it is executed on the destination chain, it allows App Guardians, which are run independently by each validator, to check the authenticity of the message being relayed.

Adding on to the two security designs, cBridge also employs a set of risk-countermeasures including but not limiting to :

1) Rate limiting for liquidity operations and cross-chain transfers of one token across all chains; 

2) Transfer capping on a single transfer of a token, with a delay buffer to the transfer when the cap is exceeded;

3) An independent 24×7 Sentinel Service run by cBridge core developers;

4) App Guardian services run by all validators on the State Guardian Network to check on-chain balance statuses when a cross-chain transfer happens.

“As blockchain sees wider adoption, scaling solutions tackling blockchain congestion and interoperability become a key factor in a dApp’s protocol design. We are excited that with Celer’s bridging infrastructure, MUX has successfully created a multi-chain native dApp with unified liquidity on multiple chains,” says MUX Protocol cofounder, Jean Miao.

About MUX Protocol

MUX is a decentralized leveraged trading protocol allowing zero price impact trading, up to 100x leverage, no counterparty risks for traders and an optimized on-chain trading experience. In addition, MUX is the first multi-chain native protocol unifying pooled liquidity across deployed chains to maximize capital efficiency.


About Celer Network

Celer is a blockchain interoperability protocol enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, privacy solutions and more across multiple chains. Developers can build inter-chain-native dApps using the Celer Inter-chain Messaging SDK to gain access to efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX, all from a single chain.

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