Cedro December Newsletter💜
Happy New Year, and welcome to the long-awaited December edition of the Cedro Finance Newsletter! As we step into 2024, we first want to extend our apologies for the delay in bringing this edition to you. The final months of 2023 and the first weeks of 2024 were exceptionally busy and eventful for us at Cedro, filled with end-of-year wrap-ups and strategic planning for the year ahead. This hustle, while exciting, slightly shifted our newsletter schedule, but rest assured, it’s packed with valuable insights and updates.
TL;DR
- 🚀 Testnet V2 Launch
- 🧩 Exploring the Fractionalizer
- 🤝 Partnerships Galore
- 🌟 Looking Ahead to 2024
We have launched Testnet v2🥳
As interoperability maxis, we started working on Cedro a bit over a year ago. Our goal was simple: to create an omnichain lending and borrowing application that creates a universal liquidity layer for seamless user experience and maximal capital efficiency. Keep that in mind, we have finally launched testnet v2. This takes us a step closer to realizing our vision and releasing the mainnet very soon. Use Cedro testnet v2 here 👇
What’s Fractionalizer?
Fractionalizer is one of the most vital features that we developed to complement CULT (Cedro Unified Liquidity Token), another feature that we announced earlier. CULT unifies assets across multiple chains and abstracts away the originating chain from users’ perspective. However, there still needs to be a mechanism to separate everything in case there’s a fault. Like a circuit breaker. That’s Fractionalizer. If CULT is a T-shirt made by stitching multiple pieces of clothes, then Fractionalizer is the custom made scissor to easily separate the pieces out in case the T-shirt is a defect piece✂️ Learn more about our new feature here 👇
Partnerships and Partnerships🤝
Collaboration is key and we at Cedro are embracing Mantra with open arms. Keeping this ethos in heart, Cedro has recently partnered with protocols like Tribal Finance, XcelPay Wallet, Aki Network, Kontos, Manta Network, Sei Network, and many more. Through these partnerships, Cedro is focusing on creating synergies where each collaboration adds a unique value, enhancing the overall web3 ecosystem. Stay tuned as we continue to expand our network and bring you the very best of what integrated, collaborative efforts can achieve in the web3 space!🌐
2024: The Year for Cedro Finance 📆
The tireless efforts of our developers throughout 2023 are set to bear fruit. We will finally have the mainnet in early 2024. You don’t have to wait long to use the mainnet. This achievement is not just a fulfillment of last year’s goals but a pivotal moment that promises to revolutionize both the DeFi realm and the broader web3 ecosystem. Thank you for being with us till now. We can’t wait to release the product💜
About Cedro
Cedro Finance is a cross-chain decentralized liquidity protocol where users can lend and borrow the listed assets across multiple chains with affordable transaction fees. Lenders are able to deposit their assets to contribute to the liquidity of the platform and borrowers are able to borrow the liquidity in an overcollateralized manner.
Social Media and Channels 🔗
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We will be back with another newsletter next month, be sure to tune in on our social media channels to be updated! If you enjoyed this newsletter, please consider sharing it with others who might enjoy Cedro’s newsletter!
