Polygon-built prediction market protocol SX Network integrates Celer cBridge
SX Network, a prediction market protocol built on Polygon, today announced the implementation of the Celer cBridge on SX Network. Users can now bridge tokens into SX Network through cBridge. Celer enables the seamless br...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
SX Network, a prediction market protocol built on Polygon, today announced the implementation of the Celer cBridge on SX Network. Users can now bridge tokens into SX Network through cBridge.
Celer enables the seamless bridging of assets between EVM-compatible blockchains and ERC-20 tokens. Users will be able to bridge USDC, WETH, DAI, USDT, WBTC, and more via the cBridge between Ethereum and SX Network quickly, securely, and with low transaction costs.
Users can also now bridge MATIC and WMATIC between Polygon and SX Network.
The first stage of this integration will incorporate the mint and burn bridge model. The Celer liquidity pool model, which includes full Polygon token bridging, will be rolled out in a future release once a proposal is passed through the Celer Network governance process.
This integration is the first step in the shared aligned vision of the two teams… “as SX Network, the first Polygon Edge Network, is poised to scale its ecosystem in becoming a key platform for prediction markets, DeFi and NFT applications, and we’re delighted to seamlessly connect SX Network and its burgeoning ecosystem to the greater blockchain community,” said Dr. Mo Dong, Celer’s Co-Founder.
The post Polygon-built prediction market protocol SX Network integrates Celer cBridge appeared first on CryptoNinjas.
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoNinjasRelated market context
Hacker turns 25 cents of Bitcoin into 46 billion fake BTC tokens on Symbiosis bridge
The exploit highlights the persistent vulnerabilities in cross-chain bridge infrastructure, underscoring the urgent need for enhan...
Major Bitcoin Core update changes default wallet protocols, risking temporary disruption across popular apps
Bitcoin Core v32.0rc1 has turned the Sept. 14–Oct. 10 window into a concentrated compatibility test for node operators, wallet pro...
XRP Price Prediction: One Vote Could Unlock XRP Ledger’s Next Big Upgrade
XRP is trading at $1.40, outperforming the crypto market and bearish price prediction, as the network’s next major upgrade is sitt...
Ethereum Price Prediction: ETH Shrugs Off CLARITY Act and Fed Decision, Could Break $3,000
Ethereum sits at $2,400, dropping a brutal 4% on the day amid its bullish price prediction a week earlier. The largest altcoin abs...
Tether, Binance and a $1.5 billion Iran oil network converge in new US forfeiture case
US prosecutors are seeking to seize $61 million in Tether’s USDT tied to alleged black-market Iranian oil sales. On Sept. 14, the...
A hacker turned 25 cents of bitcoin into 46 billion fake BTC tokens on a DeFi bridge
Two software bugs allowed the attacker to create more than 2,000 times Bitcoin’s maximum supply in unbacked syBTC. Symbiosis puts...