Celer Network Announcements

2021-07-22 20:00:26 The news many were waiting for! Now live! Celer's cBridge v1.0 is a multi-chain network enabling instant, low-cost, ANY-to-ANY value transfers within and across Ethereum, BinanceSmartChain, Polygon and arbitrum networks. More side chain and #Layer2 integrations incoming.
Details: https://t.co/lOa31fWy1s


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https://twitter.com/CelerNetwork/status/1418256493321719810 Open / Comment

2021-07-07 10:03:12 As the last step towards the highly anticipated mainnet upgrade, Layer2.finance v1.0 Budapest testnet launched today on Ethereum Goerli testnet. This testnet enables us to run the system under real-world usage conditions to ensure nothing was overlooked during our development, review and audit processes, especially the reliability and usability of this upgrade.

To incentivize community testing efforts, we are hosting a $20,000 testnet reward campaign and you can join now to get started!

To learn more, please visit: https://bit.ly/3dQ5IBk

Thank you for your continued support and please be on the lookout for more updates coming soon. Open / Comment

2021-07-01 22:31:58 Couldn't attend the AMA last Friday? We've got your back!

Main topics that were discussed:
- Interoperability
- Layer2.Finance
- Roadmap
- DeFi

You can read the full summary on Mo's answers to all questions asked on our blog here:
https://t.co/Xceya1TAbu

Make sure you also like and retweet!
https://twitter.com/CelerNetwork/status/1410651700684222466 Open / Comment

2021-06-28 23:59:18 Layer2.Finance audit was completed and all is safe and secure!

There were no vulnerabilities found in the initial and in this final audit of the Layer2.Finance V1.0 contract.
Audit was conducted by Certik!

It's uploaded on GitHub here:
https://t.co/PFWyxpo1n0?amp=1

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https://twitter.com/CelerNetwork/status/1409616023813165056 Open / Comment

2021-05-25 07:30:08 Draft CIP-1 AAVE Liquidity Mining Auto Harvesting Strategy

First Celer Improvement Proposal (CIP-1) is posted by our community member. From a high-level, the developers propose to deploy a new strategy to app.layer2.finance. The strategy first claims the stkAAVE from Aave’s incentive controller contract, it then activates the cooldown period for unstaking, which is currently set to 10 days by Aave. After the cooldown expires, the strategy unstakes the stkAAVE and converts them back to AAVE. It also claims the accrued AAVE interest from staking during the cooldown period. It then sells the AAVE obtained from the into the stablecoins on Uniswap back into the stablecoins and re-invests them into Aave, compounding the gains.

Vote in the sentiment poll here: https://forum.celer.network/t/draft-cip-1-aave-liquidity-mining-auto-harvesting-strategy/98

If sentiment is positive, we will open a community voting to start integrating this！ Open / Comment

2021-05-18 05:18:37 Celer Community Forum Launches

We're excited to launch Celer Community Forum in collaboration with Celer's open-source contributors, active community members! From now, Celer community has a central place to propose, discuss improvement proposals, review historical governance.

Like and Retweet: https://twitter.com/CelerNetwork/status/1394452713472024584
Details: https://blog.celer.network/2021/05/17/celer-community-forum-launches/ Open / Comment

2021-04-30 02:48:27 One Week Report for app.layer2.finance mainnet v0.1:

$33,920 gas fee saved for our users, 10X cost reduction!
$1.4M TVL from 100+ users, truly serving the mass non-whale users!
924 L2 transactions to @CurveFinance @compoundfinance @AaveAave
Just getting started!

Like and Retweet: https://twitter.com/CelerNetwork/status/1387915568909488131 Open / Comment

2021-04-27 19:08:37 Celer and StarkWare Collaborate To Lower The DeFi Entry Barrier

Celer and StarkWare announce a partnership to collaborate and add a ZK Rollup version to layer2.finance’s platform offerings utilizing StarkWare’s StarkEx services and Cairo programming language to lower the barrier of entry for the growing demand of new users for DeFi applications.

With the mission to bring DeFi to the masses, Celer Network’s layer2.finance v0.1 has launched recently on the Ethereum mainnet with Celer’s Optimistic Rollup based solution. Layer2.finance addresses the two largest challenges preventing DeFi from reaching mass adoption: high transaction fees and the difficulty to navigate and use. This novel solution allows people to access all existing DeFi protocols at a fraction of the cost through a unified interface by acting as a “DeFi Public Transportation System”. Celer’s advanced layer-2 rollup technology enables multiple people to split the cost of individual layer1DeFi transactions in a completely trust-free and non-custodial way.

Sharing the same vision, StarkWare concurrently proposed a similar architecture for addressing the demands for long-tail DeFi users, DeFi pooling. DeFi pooling utilizes StarkWare’s StarkEX infrastructure and the SHARP (Shared Prover) service to aggregate users’ funds allocation demands to DeFi protocols and achieves fast finality.

With the shared vision and the goal to serve a diversified user demands to different types of DeFi applications, Celer and StarkWare team will collaborate to introduce a ZK-Rollup version of layer2.finance by leveraging StarkWare’s StarkEX infrastructure and the Cairo programming language. With this new addition, Layer2.finance will have not only an optimistic-rollup but also a zk-rollup version to seamlessly power different types of DeFi use cases. Furthermore, the two leading protocols are collaborating towards a shared vision of utilizing StarkNet, a permissionless decentralized ZK-Rollup by StarkWare and Celer’s State Guardian Network as a decentralized operator layer for the ZK-Rollup version of layer2.finance.

The efforts of this collaboration is expected to roll out later this summer. Celer Network and StarkWare will continue to collaborate on accelerating the DeFi adoption for the masses.

Retweet: https://twitter.com/CelerNetwork/status/1387074439049662466

Announcement Blog: https://blog.celer.network/2021/04/27/celer-and-starkware-collaborate-to-lower-the-defi-entry-barrier/ Open / Comment

2021-04-23 04:34:34 The layer2.finance v0.1 Mainnet Launches: Democratize DeFi, Simple and Zero Fees

Celer Network is thrilled to announce the launch of layer2.finance v0.1 on the Ethereum mainnet! The goal of layer2.finance was to democratize DeFi by directly addressing the two biggest challenges preventing DeFi from reaching mass adoption: the extraordinarily high transaction fees and being very difficult to navigate and use.

Layer2.finance is a novel solution that allows people to access all existing DeFi protocols at a fraction of the cost by acting like a “DeFi Public Transportation System”. With Celer’s advanced layer-2 rollup technology, multiple people split the cost of individual L1 DeFi transactions in a completely trust-free and non-custodial way. Layer2.finance’s simple, “turn-key” user interface (UI), was inspired by you, our community, who was generous with your feedback and support.

For the initial launch, three DeFi protocols on Ethereum are supported on layer2.finance: Compound, AAVE, and Curve (with many more to come soon). This means at a much lower cost, users can deposit funds to AAVE for lending, to Compound for combined lending and automatic $COMP yield farming and to Curve 3Pool for combined liquidity providing and automatic $CRV yield farming.

To show our gratitude to our community and to kick things off, all fees associated with using DeFi protocols on L2 are covered in the next 60 days! To learn more about how Celer Network is accelerating the mass adoption of DeFi via layer2.finance.

Use mainnet app: https://app.l2.finance

Like and Retweet: https://twitter.com/CelerNetwork/status/1385414781935394818

Check out this video explainer bit.ly/3dMZ1AB

Read Announcement Blog for more details: https://blog.celer.network/2021/04/22/the-layer2-finance-v0-1-mainnet-launches-democratize-defi-simple-and-zero-fees/ Open / Comment

2021-04-22 09:28:16 Celer eler is pleased to announce InfStones, the world’s leading blockchain infrastructure provider, has joined Celer’s State Guardian Network (SGN) as its validator node and will be heavily involved in supporting Celer’s layer 2 network expansion!

With much of the scalability restrictions of Layer 1 networks, more attention has shifted to Layer 2 as the most anticipated solution. Infstones joining Celer’s State Guardian Network (SGN) as a validator node accelerates the smooth adoption of usability for Celer state channel users.

To know more about this partnership, please refer to: https://twitter.com/CelerNetwork/status/1385104257611755525

To learn more about Celer’s SGN, please refer to this page: https://blog.celer.network/2020/11/09/celer-state-guardian-network-launches-on-mainnet/ Open / Comment