D’CENT Wallet
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D’CENT Wallet

D’CENT Wallet joins forces with Celer Network, making cross-chain transfers easy and safe.

We are excited to announce Celer cBridge has been integrated with D’CENT Wallet.

Celer Network’s cBridge is one of the most efficient cross-chain bridging protocol that takes advantage of Celer’s SGN (a Tendermint-based PoS side chain to Ethereum) to facilitate fast finality, low costs, and security rooted essentially on Ethereum layer-1. This allows them to offer a unique experience in transferring assets between the various EVM-compatible networks. Celer cBridge supports a plethora of the most popular EVM-compatible blockchains such as Ethereum, BNB, Optimism, Fantom, Boba Network, Avalanche, and many more.

For example, users can easily bridge (cross-chain transfer) ETH, USDT, USDC, DAI, ..etc. from the Ethereum network to another network such as the BNB network.

Celer cBridge can be accessed directly from the Discovery Tab of the D’CENT Wallet.

You can find the full tutorial on using Celer cBridge from here:
https://cbridge-docs.celer.network/tutorial/cross-chain-transfer

What are the Fees for using Celer cBridge?

Just like any swap or bridge services, there is a fee when bridging tokens between blockchains through cBridge. The total fee paid by the user of the bridge service depends on the type of bridging model used:

✅ Liquidity Pool-Based Bridging

Total Fee = Base Fee + Liquidity Fee

The Base Fee is the payment to cover the gas cost for transferring funds on the receiving (destination) blockchain.

The Liquidity Fee is the payment (or the reward) received by the liquidity providers and the Celer State Guardian Network (SGN) stakers for providing services.

This “Liquidity Fee” is proportional to the transfer amount (after bridge rate conversion) and the type of transfer:

For transfers from L2 roll-up chains (Arbitrum/Optimism/Boba/Metis), the liquidity fee percentage is 0.1%-0.5%

For all other transfers the liquidity fee percentage is 0.04%

✅ Mint-and-Burn Bridging

Total Fee = Base Fee + Percentage Fee

The Base Fee is paid to cover the gas cost for sending funds on the destination chain.

The Percentage Fee is proportional to the transfer amount and is paid to the Celer SGN stakers as economic incentives for guarding its security. The fee percentage is governed by the Celer SGN. (Usually, the fee percentage is 0%-0.04%)

[About Celer Network]

Celer Network is the leading inter-blockchain and cross-layer communication platform that facilitates fast, secure, and low-cost cross-chain composability and bridging. Celer’s core applications and middleware like the Inter-chain Message Framework, cBridge, and Layer2.Finance have attracted important blockchain contributors and massive end users in the DeFi, blockchain interoperability, and gaming spaces to build and use inter-chain native applications enabled by the Celer tech suite.

Follow Celer Network:
Website| Telegram | Twitter | Github | Discord |

[About D’CENT Wallet]

D’CENT Wallet is created by IoTrust, a company founded by security experts with over 15 years of security know-how and engineering experience in developing deeply embedded security solutions based on secure-chip technology (SE and TEE). D’CENT Wallet aims to protect users’ digital assets by combining software and hardware security solutions. Users have the choice of using the Biometric Wallet, Card type Wallet, or the Software Wallet.

Follow D’CENT Wallet:
Subscribe to our mailing list: https://dcentwallet.com/#subscribe-email
Website: https://dcentwallet.com
Medium: https://medium.com/dcentwallet
Twitter: https://twitter.com/dcentwallets
Instagram: https://www.instagram.com/dcent_wallet/
Facebook: https://www.facebook.com/DcentWalletGlobal
LinkedIn: https://www.linkedin.com/company/dcentwallet
Youtube: https://www.youtube.com/channel/UCKnYqiM3g3iaaAKcRZf-kbA

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D’CENT Wallet

D’CENT Wallet

The über convenient multi crypto wallet with native dApp browser for Game, NFT, DeFi, and more. (https://dcentwallet.com) / (https://iotrust.kr)