Bridging Celo and cUSD to NEAR Protocol
We are excited to announce the launch of CELO and cUSD pools on NEAR Protocol!
Following our integration with NEAR Protocol, we are expanding access to the Celo and NEAR ecosystems.
$2M worth of CELO will be allocated towards the pools by the Celo Foundation, matched by $2M worth of REF from the Ref Finance team. Allbridge will also participate in the provision of the incentives.
Incentivization for CELO-wNEAR and cUSD-USDC will begin on February 25, with the CELO-REF pool incentives coming soon after.
Visit Allbridge to experience the NEAR ecosystem and enjoy the convenience of cross-chain transfers!
Celo is a mobile-first blockchain that makes decentralized financial (DeFi) tools and services accessible to anyone with a mobile phone. It aims to break down barriers by bringing the powerful benefits of DeFi to the users of the 6 billion smartphones in circulation today.
About NEAR Protocol
NEAR is a high-performance blockchain that is designed to be super-fast, incredibly secure, and infinitely scalable. NEAR’s vision is to create a network that enables people to re-imagine finance, creativity, and community in new and inclusive ways. NEAR is built by an award-winning team of engineers and entrepreneurs to be simple to use, inclusive and good for the environment. NEAR is backed by top VCs such as Three Arrows Capital, A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.
Ref Finance is one of the core projects in the DeFi ecosystem on NEAR Protocol. Its main objective is to bring together the core components of DeFi, namely, decentralized exchange (DEX), lending protocol, synthetic asset issuer, and so on, into a single, synchronous DeFi platform. Leveraging NEAR’s 1–2 second finality, low costs, as well as its user-friendly and interoperable infrastructure, Ref aims to bring DeFi one step closer to the people
Allbridge is a simple, modern, and reliable way to transfer assets between different networks. It is a bridge between both EVM and non-EVM compatible blockchains, that aims to cover L2 solutions and NFT transfers in the future.
Allbridge’s mission is to make the blockchain world borderless by providing a tool to freely move assets between various blockchains.