We have more exciting news to announce! Celer will be partnering with Sei, a sector specific Layer 1 specialized for trading, by providing support for both asset bridging and generic message passing for their ecosystem! We will be initially integrating cBridge support for the Sei mainnet and are planning to include the Celer Inter-chain Messaging (Celer IM) framework soon after that. This will open up Sei to enable interoperability between themselves and external blockchains, as well as building the foundation for fast, secure, and easy single-click user experiences within the Sei.
The Sei aims to be an extremely low cost, secure, and fast Layer 1 blockchain for the DeFi space—effectively building a Decentralized NASDAQ equivalent for Web3. By providing best-in-class infrastructure to develop and scale DeFi protocols across Web3; Sei’s throughput coupled with its CLOB (Central Limit Order Book) module are revolutionizing the capabilities and possibilities for on-chain DeFi. The various optimizations being made to the Sei Layer 1 blockchain unlock a new design space for DeFi and makes it possible for new types of financial products to emerge—everything ranging from live sports betting to complex options and futures. There are currently 60+ teams from Solana, Polkadot, Terra, and NEAR building on top of Sei going into the mainnet launch and Celer is excited to help support this growing ecosystem!
Celer will support asset bridging via xAsset, a lock-and-mint method, for token transfers between external chains and Sei. Additionally, discussions are 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 Sei. This will enable dApps to not only create smooth cross-chain UXs between Sei and various external blockchains, but lays down the foundation to support NFT bridges, the ability to purchase and bid on NFTs across different chains, and cross-chain reward claiming. 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 Sei ecosystem will be vibrant and thrive, and we are looking forward to seeing how they will use Celer’s tech stack in the future and are excited to see where it goes!
Sei serves as infrastructure for the future financial system to support capital markets, starting with exchanges. As the first Layer 1 specialized for trading, Sei is the fastest chain to finality, optimizing every layer of the stack to give exchanges an unfair advantage. Exchanges are the killer app of crypto, but current Layer 1s hold them back. Most L1s fall into two extremes, general purpose and app-specific. Sei unlocks a new design space in between as a sector-specific L1. There are currently 90+ teams from Solana, Polkadot, Terra, and NEAR building on top of Sei going into mainnet. Team is backed by Multicoin, Delphi, Tangent, and several MMs like Hudson River Trading, GSR.
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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.
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Are you interested in working with or integrating Celer’s tech? Let us know! We are always interested in exploring new projects and opportunities!