Introducing Cedro Testnet 2.0💜
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.
Today, we are proud to announce Cedro Testnet v2. This takes us a step closer to realizing our vision and releasing mainnet very soon. Over the past few months, we sat down and thought about how to provide maximal value to our users and crafted our application that way.
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 out 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.
Along with this, we’ve made optimizations, modularization, and additional security checks in our smart contracts. Multiple security audits from top audit firms are also a part of this. This aligns with our value of prioritizing users’ security over everything else.
Finally, we’ve also redesigned our UI to make it as useful and easy as possible for users to use Cedro. This is why we highly appreciate any form of feedback from you regarding our product. Our goal is to serve you better, and this will help us achieve our goal efficiently.
We are really excited to bring more updates to you in the coming days.
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.
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