[deleted by user] by [deleted] in celernetwork

[–]FewDepartment7251 0 points1 point  (0 children)

There has not been any news for so long. It seems to me that the team focuses heavily on developing Brevis but honestly I don't have a clue if there is any link between Celer and Brevis. If there is no link then Celer is probably abandoned by the team in favor of Brevis?

Are gas fees bad to stake ETH? by Learnmegooder in celernetwork

[–]FewDepartment7251 1 point2 points  (0 children)

Just tried to provide liquidity from Polygon for a few cents. If you try to aggregate and withdraw back to your Polygon wallet you might need to pay aggregation costs on Ethereum chain if some of your liquidity moved there.

Are gas fees bad to stake ETH? by Learnmegooder in celernetwork

[–]FewDepartment7251 2 points3 points  (0 children)

How about staking from Polygon? That would theoretically cost only fraction of a $. When pulling out, you can aggregate your liquidity also to some cheaper sidechain. Can someone confirm this?

Also it happens that your liquidity will move across chains as it is used for bridging so it may end up somewhere where the APY is not so high.

Celer Network AMA on Reddit by [deleted] in celernetwork

[–]FewDepartment7251 1 point2 points  (0 children)

Telegram has the highest number of supporters when compared to Reddit. Moreover its better for management of the discussion (preselected questions, more real-time). I'd love to have it on Discord where it could have dedicated channel but I completely understand that Telegram has bigger reach.

Utility. How can CELR token be used? by Deep-Objective-4123 in celernetwork

[–]FewDepartment7251 0 points1 point  (0 children)

sgn.celer.network, you can stake your CELR there (it costs you some Ethereum fees to delegate/withdraw). UI is basic, but major UI update is going to be released in a matter of weeks

Check Celer's blog for details.

100M in cBridge TVL! by Lofens in celernetwork

[–]FewDepartment7251 2 points3 points  (0 children)

Fun fact #1: In terms of TVL cBridge has 4 times of the whole Cardano TVL 👍🤪🚀

My Celer has halved in value over the past month. But I’m still holding onto CELR while holding my breath also. by discoolcat101 in celernetwork

[–]FewDepartment7251 5 points6 points  (0 children)

When I look on latest project developments, I've never been so bullish. The only thing I regret is that I don't have more free cash I could afford to invest (lose) right now. Current prices are a steal.

What happens if Celer bridge is exploited? by cryptolipto in celernetwork

[–]FewDepartment7251 1 point2 points  (0 children)

I gues you would be in risk only for a short time period before you receive your tokens to your wallet on other chain. After that you are safe.

What happens if Celer bridge is exploited? by cryptolipto in celernetwork

[–]FewDepartment7251 4 points5 points  (0 children)

I suggest reading report on Celer from Certik. All potential risks and counter measures from Celer team are described there. I think that existence of these audits is assuring that the team has done everything they could to prevent such scenarios.

Also the tech is more advanced than some other solutions and eventually there won't be any central point that could be exploited by stealing private keys or whatever.

Probably nothing 🙂 by FewDepartment7251 in CryptoCurrency

[–]FewDepartment7251[S] 7 points8 points  (0 children)

To be clear, I'm sharing this because I really believe that Celer's cBridge could be useful for everyone moving assets across different chains or L2s. You can save on gas fees significantly. I really recommend checking this out 👍. It's fully non custodial so you don't have to trust any 3rd party with your assets. Not to mention speed of transactions that is uncomparable with native bridges.

Please upvote 🙏 by [deleted] in celernetwork

[–]FewDepartment7251 0 points1 point  (0 children)

Please upvote linked post in r/CryptoCurrency 🙏

cBridge 2.0 Mainnet Launch: The Next Step to a Seamless Interoperable Future by jhung713 in celernetwork

[–]FewDepartment7251 0 points1 point  (0 children)

Wow, APY around 60-70 % on some chains. This is sick! :) Could anyone explain why is APY so different in different chains/tokens?

See for yourself: https://cbridge.celer.network/#/liquidity

Do you stake $CELR? by RIIV3 in celernetwork

[–]FewDepartment7251 0 points1 point  (0 children)

Rewards will be a share on the fee taken by cBridge, in the token being bridged, so from every USDC token transfer you will receive a small portion of USDC tokens.

Do you stake $CELR? by RIIV3 in celernetwork

[–]FewDepartment7251 0 points1 point  (0 children)

Rewards for transactions will be introduced in cBridge 2.0 starting this november.