PancakeSwap’s addition of Celer’s technology allows users seamless access to opportunities on BNB Chain, Aptos and Ethereum.
PancakeSwap Flexes Celer’s IM Framework
A month after launching Decentralized Finance (DeFi) products on the Aptos Network, PancakeSwap has joined forces with Celer Network to use its Inter-Chain Messaging (Celer IM) framework to enable cross-chain liquidity farming.
Along with Aptos integration, PancakeSwap’s Chef Berries explained in a Nov. 14 Medium post that users can enjoy Ethereum as well. Users can now bridge assets seamlessly between BNB Chain, Aptos, and Ethereum using PancakeSwap. The move is a major step for the largest Decentralized Exchange (DEX) that should open the floodgates to cross-chain asset movement into all three chains.
“PancakeSwap aims to recreate the same smooth BNB Chain user experience on Ethereum and Aptos,” Chef Berries wrote. “Following its effort to launch cross-chain liquidity farming on Ethereum, PancakeSwap has recently expanded to the Aptos blockchain by deploying swaps, liquidity, and soon farms, pools, and initial farm offerings features.”
Celer Network’s technology helps developers and users both build and expand onto the different chains. Using Celer IM’s SDK lets developers build compatible cross-chain products while users will get the same easy UI they are familiar with from using PancakeSwap.
“I have been working closely with the Celer Network team for quite some time. Their technical expertise, professionalism, and commitment to bringing blockchain technology to mass adoption are truly inspiring,” Chef Mochi, Product Manager of PancakeSwap, was quoted as saying in the blog. “We are thrilled to have partnered with Celer Network to enhance our product offerings.”
What is Celer Network:
Celer Network is the leading inter-blockchain and cross-layer communication platform in the industry. The protocol offers fast, secure, and cheap bridging between multiple chains. The Celer ecosystem comprises three unique products: inter-chain Message Framework, cBridge, and Layer2.Finance.
Where to find Celer Network:
What is PancakeSwap:
PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain. It offers users various features such as Liquidity Pools (LPs), swapping, yield farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT profile system, and other tools.
In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on BNB Chain.
Where to find PancakeSwap:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.