We are thrilled to bring more assets to Celo together with our friends at Ubeswap — a mobile-first decentralized exchange built on Celo.
Back in October, Allbridge and Ubeswap launched SOL and SBR transfers. This time we would like to expand the cross-chain access to AVAX from Avalanche and increase the availability of Celo-bridged assets on Allbridge.
The Ubeswap community will assist us by providing dual-rewards pools for AVAX-mcUSD pair on their platform.
It is thrilling to connect Avalanche with the growing Celo ecosystem, to increase the availability of Layer-1 and DeFi assets for the Celo community. Celo’s fast block times, low gas fees, and mobile-oriented approach makes it an attractive option for transfers among our community members.
Ubeswap is a decentralized exchange and automated market maker protocol for Celo assets. Ubeswap enables Celo users and applications to trade between any two ERC20 tokens on Celo with ultra-low gas fees. To enhance the user experience they built a mobile-first interface for their platform. Ubeswap’s protocol design is based on Uniswap’s core contracts. This means that any DeFi application built using Uniswap or Ethereum can easily integrate with Ubeswap.
Allbridge is a modular and expanding token bridge with on-chain consensus. It’s a simple, modern, and reliable way to transfer assets between blockchain networks. Allbridge mission is to make the blockchain world borderless and provide a tool to freely move assets between different networks. In the future it will evolve into a DAO-style multi-chain hub, establishing connections between the EVM and non-EVM networks.