What is Celer?
Celer is a blockchain protocol which offers one-click access to tokens, DeFi, GameFi, NFTs, governance, and more across multiple chains.
More about Celer
Celer is an advanced blockchain interoperability protocol designed to streamline user interactions across multiple blockchain networks. It enables a seamless, one-click user experience for accessing various digital assets and decentralized applications (dApps), including tokens, DeFi, GameFi, NFTs, governance tools, and more, all from a single chain.
How Celer Works
Celer is a cutting-edge interoperability protocol that enhances the blockchain ecosystem by enabling seamless cross-chain interactions. Its one-click user experience, combined with powerful tools for developers, makes it easier to build and use decentralized applications that operate across multiple blockchain networks.
- Interoperability and Cross-Chain Communication: Celer facilitates cross-chain communication, allowing different blockchains to interact and share data. This capability is crucial for users and developers who want to leverage the strengths of multiple blockchains without dealing with the complexity of navigating between them.
- Celer Inter-chain Messaging (CIM) SDK: The core of Celer's technology is the Celer Inter-chain Messaging (CIM) SDK. This software development kit allows developers to build inter-chain-native dApps that can operate across various blockchain networks. The CIM SDK provides tools for efficient liquidity utilization, coherent application logic, and shared states, enabling developers to create powerful and versatile applications.
- One-Click User Experience: Celer offers a one-click experience that simplifies interactions with multiple blockchains. This means that users can perform complex cross-chain transactions with the ease of a single click, without needing to understand the underlying blockchain mechanics. This feature is particularly beneficial for accessing tokens, participating in DeFi activities, engaging with GameFi platforms, managing NFTs, and participating in governance across different chains.
- Efficient Liquidity Utilization: Celer's protocol ensures efficient liquidity utilization by allowing assets to move fluidly across different chains. This reduces the need for fragmented liquidity pools and enhances the overall efficiency of decentralized finance (DeFi) operations.
- Coherent Application Logic: By using the CIM SDK, developers can maintain coherent application logic across multiple chains. This means that the application behaves consistently, regardless of the underlying blockchain infrastructure, providing a unified user experience.
- Shared States: Celer enables shared states across different blockchain networks, allowing dApps to maintain synchronized information. This is essential for applications that require up-to-date data and consistent state across multiple chains, such as decentralized exchanges (DEXs) and cross-chain lending platforms.
Celer’s Key Features
These key features empower developers and users with flexible security options, seamless interoperability, and efficient cross-chain communication, enhancing the functionality and accessibility of the Celer network.
- State Guardian Network (SGN)
- Proof-of-Stake Blockchain: The SGN, built on Tendermint, serves as the message router between different blockchains for Celer products, facilitating general message passing and cross-chain fund transfers.
- PoS Security and Fast Finality: Leveraging the SGN ensures fast finality and security similar to that of Cosmos or Polygon, providing a robust infrastructure for inter-chain transactions.
- Low Cost Transactions: Transactions on the SGN benefit from low costs, making it economical for users and developers to engage in cross-chain activities.
- PoS and Optimistic-rollup-like Security Models
- Flexible Security Options: Inter-chain dApps built on Celer can choose between two security models or combine them to suit their specific needs.
- Default PoS Security: By default, inter-chain dApps rely on the security of the State Guardian Network, which offers PoS security similar to Cosmos or Polygon. CELR serves as the staking asset, ensuring economic security proportional to the value of staked CELR.
- Optimistic-rollup Protection: An additional layer of optimistic-rollup protection mitigates risk exposure, even in extreme scenarios where guardians behave maliciously. Customized delay buffers and independent watchtower services provide additional security measures.
- Celer Inter-chain Messaging (CIM)
- Seamless Interoperability: Celer employs MessageBus contracts paired with the State Guardian Network to enable seamless multi-blockchain interoperability.
- Structured Messaging: Users or dApps can send structured messages with arbitrary binary payloads to MessageBus contracts on the source chain, initiating cross-chain transactions.
- Consensus and Attestation: Validators on the SGN reach consensus and generate stake-weighed multi-signature attestations for the existence of messages, ensuring reliability and integrity.
- Message Relaying: Attestations are relayed to the destination chain via Executors, subscribing to the message. On the destination chain, MessageBus contracts verify the validity of messages and trigger associated logic, either immediately or after a timeout period.
Key services & use cases powered by Celer as a Web3 infrastructure provider
These services demonstrate Celer's commitment to enhancing the blockchain ecosystem by providing robust infrastructure solutions for seamless, secure, and efficient cross-chain interactions.
- Celer Inter-chain Messaging (IM) Framework
- Multi-blockchain Interoperability: Celer IM allows developers to build inter-chain-native dApps with efficient liquidity utilization, coherent application logic, and shared states across different blockchains.
- Seamless Communication: By pairing MessageBus contracts with the State Guardian Network, Celer IM facilitates secure and seamless cross-chain messaging and smart contract invocation.
- cBridge
- Multi-blockchain Asset Transfer: Celer cBridge supports fast, secure, and low-cost token transfers across over 40 blockchains and layer-2 rollups.
- Decentralized and Non-custodial: Ensures users retain control of their assets while enabling cross-chain transfers. It has processed more than $14 billion in asset transfers for over 540,000 unique users.
- Expanding Reach: Continuously growing to support more blockchains and layer-2 solutions.
- Peti
- Omnichain Liquidity Protocol: Peti provides high liquidity efficiency, MEV protection, and zero slippage for large trades.
- Trader Benefits: Enables traders to execute large-size omnichain trades with zero slippage using “just-in-time” liquidity, addressing issues of high slippage and limited liquidity pool depth.
- Market Maker Advantages: Offers the best liquidity efficiency for institutional market makers, enhancing the overall trading experience.
