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Polygon-built prediction market protocol SX Network integrates Celer cBridge

Polygon-built prediction market protocol SX Network integrates Celer cBridge


27 Might 2022 20:48, UTC

Studying time: ~2 m

SX Community, a prediction market protocol constructed on Polygon, right this moment introduced the implementation of the Celer cBridge on SX Community. Customers can now bridge tokens into SX Community by cBridge.

Celer permits the seamless bridging of belongings between EVM-compatible blockchains and ERC-20 tokens. Customers will have the ability to bridge USDC, WETH, DAI, USDT, WBTC, and extra through the cBridge between Ethereum and SX Community rapidly, securely, and with low transaction prices.

Customers can even now bridge MATIC and WMATIC between Polygon and SX Community.

The primary stage of this integration will incorporate the mint and burn bridge mannequin. The Celer liquidity pool mannequin, which incorporates full Polygon token bridging, will probably be rolled out in a future launch as soon as a proposal is handed by the Celer Community governance course of.

This integration is step one within the shared aligned imaginative and prescient of the 2 groups “as SX Community, the primary Polygon Edge Community, is poised to scale its ecosystem in turning into a key platform for prediction markets, DeFi and NFT purposes, and we’re delighted to seamlessly join SX Community and its burgeoning ecosystem to the larger blockchain group,” mentioned Dr. Mo Dong, Celer’s Co-Founder.

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