With the launch of Milkomeda A1 Rollup, a new EVM layer 2 to Algorand—Celer Network is excited to announce that we now support the bridging of 10 different tokens across 5 different blockchains to and from Milkomeda A1 Rollup Mainnet. This gives users the freedom to start moving their tokens to Milkomeda A1 quickly, securely, and with very low costs!
We have enabled token bridging for the following tokens and blockchains:
Ethereum <> Milkomeda A1: USDC, USDT, WETH, WBTC, and DAI
BNB Chain <> Milkomeda A1: BUSD and BNB
Avalanche <> Milkomeda A1: AVAX
Polygon <> Milkomeda A1: MATIC
Fantom <> Milkomeda A1: FTM
Celer-bridged Token Addresses on Milkomeda A1:
USDC – 0x2421db204968A367CC2C866CD057fA754Cb84EdF
USDT – 0x522B61755b5FF8176B2931DA7bF1a5F9414Eb710
WBTC – 0x22d23e80193D7a77EF6177a2D0c79Af0F4A68790
WETH – 0x592786E04c47844Aa3B343b19eF2f50A255a477F
DAI – 0x150d2421E09eEa31beaa68b7a248700EEcEda87a
BNB – 0xbc0990862515F95e01D16C2C1Afd1104c279D48d
BUSD – 0x8Dc0Dfa2AeC0d4410c8C60c5f9cD0CD37b05a06a
AVAX – 0x088Ee5ad5d6389D9F479024E1916a24F437C1568
MATIC – 0x20fEbcF2Eb5d59B90AacC03b5afcA3843A57b3Ad
FTM – 0x353b7134A88085129Cbde051f04b0edB03A3b83b
Milkomeda is a protocol designed to improve blockchain interoperability by delivering EVM capabilities to non-EVM blockchains. This is done by building novel layer 2 (L2) solutions, on which the EVM operates, and connecting them to the non-EVM blockchains, layer 1s (L1s), via the Milkomeda bridge. The L2 EVMs developed by Milkomeda use the L1’s base asset as their base asset by locking it in the Milkomeda bridge on the L1 side and mirroring it onto the L2; With the A1 launch, Algorand’s ALGOs simply become milkALGOs on the A1 Rollup. Users then use these mirrored versions of the locked L1 assets — here ALGOs and other ASA (Algorand Standard Assets)– to interact with dApps on the A1 Rollup.
Celer adds additional interoperability to A1 by supporting asset bridging between external chains and Milkomeda A1 Rollup through xAsset, a lock-and-mint method, for token transfers. There are also discussions underway to integrate Celer’s Inter-chain Messaging Framework, a generic message passing protocol, to seamlessly enable developers to build dApps with cross-chain application logics on Milkomeda A1 Rollup; This will enable dApps to not only create smooth cross-chain UXs between Milkomeda A1 Rollup and various external blockchains, but lays down the foundation to support NFT bridges, including the ability to purchase and bid on NFTs across different chains, cross-chain reward claiming, and even syncing game stats cross-chain. All of these and more are not only possible to accomplish with Celer IM, but can be offered to users as a one-click, one-transaction UX.
Celer hopes to lay a solid interoperability foundation to ensure the Milkomeda A1 Rollup ecosystem will be vibrant and thrive, and we are looking forward to seeing how Milkomeda A1 Rollup will use Celer’s tech stack in the future and are excited to see where it goes!
About Milkomeda A1 Rollup
Milkomeda delivers EVM compatibility to the leading Layer 1 ecosystems by offering the most popular smart contracting language, Solidity, while enhancing inter-blockchain interoperability, user experience, and developer traction, all at the Layer 2 level.
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 Message 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.
Follow Celer Network: