BNB Chain has introduced a new bridge to connect different blockchains, in collaboration with Celer, deBridge, and Stargate. This bridge aims to improve the transfer of digital assets within the BNB Chain network, making it more attractive to DeFi (decentralized finance) projects.
The BNB Chain Bridge leverages technology from Celer, deBridge, and Stargate to provide faster and more reliable transfers between blockchains. This partnership allows users to move their digital assets between different networks in real-time, with guaranteed rates and access to larger pools of money.
Celer is a protocol that helps different blockchains work together, making it easier for users to access digital assets like tokens, DeFi services, GameFi, and NFTs. It allows developers to build decentralized apps (dApps) that can operate smoothly across multiple blockchains using the Celer Inter-chain Messaging SDK.
This tool helps developers manage liquidity efficiently and keep their apps running consistently. Celer’s system is designed to offer a simple, one-click experience, allowing users to interact with multiple blockchains without the usual complications of cross-chain transactions.
deBridge is a protocol that allows for the transfer of assets and data between different blockchains, helping to solve the problem of fragmentation in the crypto world. It lets users move assets easily across various networks. By providing a messaging system, deBridge also enables developers to create advanced cross-chain applications, such as bridges for tokens and NFTs, as well as cross-chain staking.
deBridge includes tools like dePort, which allows for flexible and secure asset transfers, and deSwap, which facilitates easy swaps between different assets across blockchains. The protocol also allows users to bundle multiple actions into a single transaction, making the process more efficient and user-friendly.
Stargate is a cross-chain bridge protocol built on LayerZero that allows users to transfer native assets between different blockchains. Unlike many other bridges that use wrapped or intermediate tokens, Stargate lets users send their tokens directly to other blockchains, making the cross-chain experience simpler.
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A standout feature of Stargate is its unified liquidity pools, shared across different chains, ensuring that cross-chain transactions are completed instantly with guaranteed finality. The protocol uses a unique bridge mechanism called ∆Bridge, which is powered by the Delta (∆) algorithm. This system allows for smooth native token transfers between blockchains and supports integration with smart contracts on various networks.
Alex Smirnov, co-founder of deBridge, expressed his excitement about the partnership, saying it’s an honor to be chosen as one of the official providers for the BNB Chain Bridge. He’s eager to help BNB Chain become a major player in the DeFi market.
Angus Lamps, the leader of the Stargate Foundation, also praised the launch and emphasized BNB Chain’s key role in Stargate’s development and success.
The BNB Chain Bridge will support multiple blockchains and Layer 2 networks like Ethereum, Arbitrum, Base, Polygon, Avalanche, Blast, and Linea. This effort is expected to make it easier for users to transfer assets between different chains with better rates than other platforms.
Alongside this launch, BNB Chain is creating a liquidity pool to support these cross-chain transfers, aiming to grow its stablecoin ecosystem.
