Cedro October Newsletter 💜

A message to Cedronians in Israel and Palestine,
In these turbulent times, our hearts and thoughts stand in solidarity with you. The pursuit of peace and safety is a collective wish from the entire Cedro community. No matter where we are, united we stand. Your resilience and unity inspire us.

TL;DR

• Testnet transactions hit 400k 🎉
• Introducing CULT, a novel feature of Cedro🟪
• 🕵️ Fake discord servers impersonating us
• Casting an eye toward November, what’s in store? 👀

Hello Cedronians, this is our first monthly newsletter, but it’s only the beginning. Every month, from now onward, anticipate an insightful update, recapping the events of past month and unveiling what’s on the horizon for next month❗

We hit 400k transactions on testnet 🥳

It feels like just yesterday when we initiated our testnet, and now, with over 400k transactions, our momentum is stronger than ever💪. The feedback provided by our incredible community on Discord and Telegram has been immensely valuable. Your input has guided us in enhancing security and ensuring a positive user experience with Cedro🙏.

What is Cedro Unified Liquidity Token? 🦄

If you have already read our docs, you will probably know what CULT is. It’s like organizing different blockchains to play together in tune, just like a conductor leading an orchestra🎷. If you are a newbie, however, it might be difficult for you to understand. Don’t worry we are here to explain❗

💭Imagine you’ve got some coins in one digital country (like Ethereum ♦️) and same coins in another (let’s say Solana). Usually, these coins can’t mix; it’s like they speak different languages. But with CULT, it’s like a magical translator that brings these coins together in a special pool on the main ‘Root’ chain. So, all your different coins turn into a new one called ceCoin😁.

Here’s the best part: you earn interest on all your ceCoin, no matter which digital country you’re in. So, if you’re in Ethereum or Solana, it doesn’t matter — the interest is the same for everyone.

If you want to learn more about our CULT feature, head to this link⬇️

CULT (Cedro Unified Liquidity Token)

Fraudulent Discord Servers everywhere 🤦

We’ve become aware of fake Discord servers out there pretending to be us😠. Our attempt to seek help from Discord — well, let’s just say it felt like sending a message in a bottle across the digital seas😏. For some reason, our community, larger than this impersonating servers, didn’t seem to ring any bells🤷

Despite this, we request you to be cautious. We have only one real discord server and all other Cedro servers are impersonating us. AVOID THEM⛔

We’re coming nearer to mainnet 🖥️

The wait for the mainnet won’t be much longer🤩. On November, we’re rolling out testnet 2.0, a short test period before the big Cedro mainnet launch. The testnet serves as the final platform to make a few last changes based on the feedback we’ll gather🗒️. Once that’s done, we’re all set for the mainnet launch💜. Excited? Get ready for the big take off to the moon🚀🌑

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
Discord | X | Medium | LinkedIn | Telegram

Resources
Docs | Testnet

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!