New partnership with Celer cBridge enables asset bridging on the Oasis Network

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We are excited to announce a new partnership with Celer Network and the Celer cBridge, which will give the Oasis community access to instant, low-cost cross-chain value transfers to and from other cBridge-supported blockchains and Layer-2 networks.

Furthermore, Oasis Network and Celer Network will explore ecosystem opportunities in the newly-launched Celer Inter-Chain Message (Celer IM) Framework, which will allow Oasis-based DApp developers to create inter-chain applications with efficient liquidity utilization, coherent logic, and shared states. This means that users can benefit from a multi-chain ecosystem with a single-transaction user experience.

“As the leading privacy-enabled and scalable layer-1 blockchain, Oasis is ideal for DeFi, and this new partnership with Celer Network will allow us to power more DeFi applications and grow the ecosystem.” said Jernej Kos, Director of the Oasis Foundation.

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.

Mo Dong, Celer Co-Founder said: “We are very happy to see that the decision of the validators and stakers to connect cBridge to the Oasis Network has received overwhelming support from our Celer community. These new cross-chain capabilities between networks will help cement the Oasis DeFi ecosystem as one of the leading networks.”

The Oasis Network is scalable and ideal for DeFi due to its instant finality, 99% lower gas fees versus Ethereum, high throughput, privacy protection, and defense against MEV.

How to use the cBridge

Token addresses for cBridge bridged tokens on the Oasis Network are as follows:

• USDT: 0x4Bf769b05E832FCdc9053fFFBC78Ca889aCb5E1E
• USDC: 0x81ECac0D6Be0550A00FF064a4f9dd2400585FE9c
• ETH: 0x6a2d262D56735DbA19Dd70682B39F6bE9a931D98
• DAI: 0x5a4Ba16C2AeB295822A95280A7c7149E87769E6A
• BNB: 0x3795C36e7D12A8c252A20C5a7B455f7c57b60283
• AVAX: 0x6De33698e9e9b787e09d3Bd7771ef63557E148bb
• FTM: 0x7f27352D5F83Db87a5A3E00f4B07Cc2138D8ee52

Transfer assets between Oasis and other cBridge-supported chains here.