Fintech News

Kava Labs Announces Partnership With Celer Network

Kava Labs Announces Partnership With Celer Network

Kava Labs, the primary and non-custodial developer of the Kava network, announces a partnership with Celer Network to integrate Celer’s cBridge.

Top Globalfintechseries.com Insights: Swan Bitcoin Raises $6 Million in Series A Funding Round

“We hope this initial asset bridging integration can build an onramp for both users and developers to the Kava ecosystem quickly and at low cost. We look forward to more exciting generalized bridging functionality integration in the future.”

The cBridge integration is underway, and is aimed at cost-efficient bridging of assets between Kava and a variety of other high-demand chains, including Ethereum, Ethereum Layer-2, and any other EVM-compatible chains.

“Taking DeFi mainstream will mean making it as easy as possible for users to move their capital between chains and begin earning with it,” said Scott Stuart, CEO of Kava Labs. “Integrating cBridge with Kava is hugely exciting, because it opens up a whole new set of ways for that to happen.”

Browse The Complete News About Fintech : Leading Crypto Payments Infrastructure Provider, MoonPay, Closes $555 Million Series A

Using a unique combination of a Generalized State Channel and Layer-2 Rollup, Celer Network delivers highly efficient scaling and bridging between networks and layers. The partnership with Kava Labs will focus initially on integrating cBridge 2.0 with Kava. In the future, Kava and Celer will explore more opportunities for cross-chain transfers between EVM chains and Cosmos chains.

“As believers in the flourishing multi-chain world, we are excited to collaborate with Kava Labs to bring Celer cBridge onto the Kava network,” said Celer Cofounder Mo Dong, “We hope this initial asset bridging integration can build an onramp for both users and developers to the Kava ecosystem quickly and at low cost. We look forward to more exciting generalized bridging functionality integration in the future.”

Read More About Fintech News : Global Ecommerce Transactions Expected to Grow 23 Percent Between Thanksgiving and Cyber Monday, ACI Worldwide Reports

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

OneStream Names KPMG in Canada 2022 Power of the Platform Winner

Fintech News Desk

Healthcare CIO Survey Finds Modernizing Infrastructure Is The New IT Mandate

Fintech News Desk

IR’s Real-Time Payments Product to Power Organizations’ Financial and Business Efficiencies

Fintech News Desk
1