It is time for more Celo integrations!
We’re excited to announce our latest bridge for SOL and SBR tokens with our friends at Ubeswap — the largest mobile-first DeFi exchange on Celo.
Back in September, Allbridge introduced the first transfers from Solana to the Celo network. Now, it is time to expand the availability of Celo-bridged options with the most popular Solana assets. With its focus on mobile-first transactions and EVM compatibility, Celo provides many opportunities for developers looking to bring DeFi to the next 6 billion smartphone users.
The Ubeswap platform will help with connecting the Solana and Celo blockchains together by launching two new pools for SOL-CELO and SBR-UBE, and the Ubeswap community will provide additional incentives for both pools.
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.