Celsius News Site Launches March 2022 CelsiusX Cross-Chain Crypto Bridge Report
Mar 5, 2022
Digital currency website CelsiusCow.com, in association with The Digerati Premium, released a new report to the Celsius Network's cross-chain liquidity bridge.
Katy, United States - March 5, 2022 /PressCable/ —
The latest launch from CelsiusCow.com offers readers an in-depth look at how the Celsius Network’s platform is providing users a way to use their crypto assets as collateral for funding. The report details how network members can earn a yield on their crypto assets and source lending services all within the same financial ecosystem.
More details can be found at: https://celsiuscow.com/what-is-celsius-x
The new report explores CelsiusX – the platform’s latest foray into bridging the gap between its centralized and decentralized financial services. The program seeks to widen the scope of opportunity for users through no-gas/no-fee services alongside complimentary wrapping and bridging features.
According to the report, CelsiusX creates a new infrastructure by facilitating the wrapping and bridging of wrapped Cardano (ADA), wrapped Dogecoin (DOGE), and wrapped Ether (ETH) into an ERC-20 standard. This enables these assets to be used on EVM-compatible blockchains. Users are now able to bridge their assets for use on Polygon.
The report explains that all key actions such as minting are controlled by an oracle service. This sets CelsiusX apart from similar platforms that must rely on a trusted centralized third party. The platform favors on-chain transparency, minimizing trust assumptions through a verifiable process.
The CelsiusCow.com report goes on to explain the long-term goals of CelsiusX. With a system that locks assets in an externally-owned vault on Enzyme Finance, the platform cannot mint more coins than are available. After the launch of the CelsiusX bridge, the process of uniting the ecosystems of CeFi and DeFi will continue, moving towards true decentralization and self-sovereignty of user assets.
In the future, CelsiusX is likely to enable the wrapping of other altcoins besides ADA, DOGE, and ETH. Contenders include MATIC, DOT, AVAX, and SOL. While the platform currently operates on the Polygon blockchain, CelsiusX users will eventually harness the interconnection opportunities across other chains such as Avalanche and Arbitrum.
A spokesperson for CelsiusX says, “CelsiusX will further the mission of Celsius to give financial freedom and the spectrum of opportunity – from centralized yield to easy accessibility to DeFi protocols – for its users.”
With its latest report on cross-chain liquidity, CelsiusCow.com continues to keep readers informed and make the complexities of the cryptocurrency sector more accessible to aspiring traders and miners everywhere.
For more information, please visit: https://celsiuscow.com/what-is-celsius-network
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
Contact Info:
Name: Alain Diza
Email: Send Email
Organization: The Digerati Premium
Address: 20910 Avery Cove Lane, Katy, TX 77450, United States
Phone: +1-346-932-2229
Website: https://CelsiusCow.com
Source: PressCable
Release ID: 89066091
More News
Binance Lost Over $6 Billion in Crypto Hack. Here’s What to Know.
Hackers made off with around $6 billion in digital currency in what could be the biggest crypto heist in history. Binance said it will cover the losses.
How Binance’s $6.3 Billion Hack Went Down
A war room. A global conference call. A founder who live-posted about the largest crypto heist in history. Inside a frantic 24 hours at the world’s biggest crypto exchange.
Judge Tosses Trump’s $10 Billion Suit Against The Wall Street Journal
The defamation suit focused on an article about a birthday note to Jeffrey Epstein. It was the president’s second attempt to claim the publication had acted with actual malice.
The New Hot Job in Law Doesn’t Require a J.D.
Big law firms, legal tech vendors, and in-house legal departments at companies like Microsoft and Nvidia are all hiring legal engineers, a new position for lawyers with A.I. skills.
Pick Another Protein? Americans Still Want Beef, Despite the Price.
After chicken, consumers are buying more beef, while pork, turkey and soy products remain flat.
The U.S. Becomes a Global Hub for Horse Racing
More horses from overseas are competing in America’s marquee events, as the sport enjoys a renaissance.
Why Did So Many People File Early for Social Security Last Year?
Experts point to well-publicized turmoil at the government agency last year as a potential spark.
Strengthening party self-governance and integrity for economic growth
The 20th Central Committee of the Communist Party of China convened its fifth plenary session in Beijing from October 26 to 29, 2026, where it deliberated and adopted the Resolution of the Central Committee of the Communist Party of China on Certain Major Issues concerning Persevering with Full and Rigorous Party Self-Governance.
70 years on, why global buyers keep coming back to Canton Fair
70 years on, why global buyers keep coming back to Canton Fair
China's manufacturing PMI at 49.3, non-manufacturing PMI at 49.7
China's purchasing managers' index for the manufacturing sector came in at 49.3 in October, down 0.8 percentage points from the previous month, while the non-manufacturing PMI stood at 49.7, down 0.5 percentage points.
How One Country Became the Unlikely Crossroads of the Global A.I. Boom
In Malaysia, U.S. and Chinese tech giants are pouring billions into vast data centers, straining local resources and testing the limits of Washington’s restrictions on advanced chips.
Wanted: New Central Bank Chief. Expertise and Political Acumen Required.
The looming departure of the European Central Bank’s president, Christine Lagarde, has set in motion a high-stakes search for her successor.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.