- CelsiusX aims to seamlessly bridge the #DeFi and #CeFi worlds by acting as a crosschain liquidity bridge. - The ultimate goal is for CelsiusX to evolve into a liquidity platform, which is a superset of being a retail and institutional #lending platform. - Upon implementation, the CelsiusX platform can be used as a bridge to all chains as well as an on/off ramp into the fiat world.CelsiusX CrossChain Liquidity BridgeThe CelsiusX wrapped token infrastructure enables the creation of tokens on a target chain collateralized by assets on the native blockchain. - Our implementation differs from other collateralized tokens in three major aspects. - First, we offer yield generation on both the target and native blockchains. - Second, key actions such as minting are functionally controlled utilizing a decentralized oracle service. - Third, the intent of our final implementation is to provide a fully decentralized wrapping service, which will be enabled via a trustless bridge without the need for any central agency.CelsiusX Wrapped AssetsWrapped assets are the concrete representation of the CelsiusX liquidity bridge. - Assets are locked on one blockchain and a corresponding amount of wrapped tokens are minted on another blockchain. - Using the br.
Summary of the coin CelsiusX Wrapped ETH
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