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Deri Protocol partners with Celer for Cross-chain Transfer

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On February 20, the decentralized derivative agreement Deri Protocol tweeted that the cross-chain bridge cBridge launched by Celer has supported DERI. Users ca…

Deri Protocol partners with Celer for Cross-chain Transfer

On February 20, the decentralized derivative agreement Deri Protocol tweeted that the cross-chain bridge cBridge launched by Celer has supported DERI. Users can conduct DERI cross-chain transfer between Ethereum and Arbitrum.

The cross-chain bridge cBridge launched by Celer has supported DERI

Interpretation of the news:


The decentralized cryptocurrency market has witnessed a surge in the number of participants in recent times. This has resulted in exponential growth for decentralized finance (DeFi) platforms, including derivative protocols. Deri Protocol, a new kid on the block, has been making headlines lately with its innovative approach to the DeFi space. The platform’s main aim is to allow users to create and trade complex financial instruments on various blockchains. To achieve this, the protocol has partnered with Celer, a leading blockchain infrastructure provider, to enable cross-chain transfers of its native token DERI.

On February 20, Deri Protocol announced that its cross-chain bridge cBridge had been launched on the Celer network. This meant that users could now move DERI coins between Ethereum and Arbitrum. It is essential to note that cBridge is a decentralized cross-chain protocol that utilizes the latest advancements in blockchain technology to enable interoperability between different blockchain ecosystems. With this new development, users can seamlessly move value from one blockchain to another, enabling them to access more resources and opportunities.

The integration of DERI on the Celer network is a massive boost for the Deri Protocol community. This partnership enables the platform to reach a broader audience, as more users can now access the platform’s powerful DeFi tools. Furthermore, the cross-chain transfer feature will improve the liquidity of the DERI token on both Ethereum and Arbitrum, thus unlocking more opportunities for arbitrage traders.

In conclusion, the partnership between Deri Protocol and Celer is a significant milestone for the DeFi space. The introduction of the cross-chain transfer feature will enable users to utilize the full potential of the DERI token, explore different blockchain ecosystems, and increase the liquidity of the token. It is clear that the future of DeFi is heavily dependent on cross-chain interoperability, and this partnership is a step in the right direction.

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