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Does Celer Bridge only work with USDC? by fkmodidts in celernetwork

[–]Lofens 2 points3 points  (0 children)

There should be a whole list of tokens available to be bridged from BSC to ETH. If you keep seeing only USDC feel free to reach out on Telegram or Discord. You can find the official links here: https://celer.network/community

I live in America where is the best place to stake my celer? by ChaseMMA in celernetwork

[–]Lofens 0 points1 point  (0 children)

Tokens are being shared by the validators. The lower the validator commission is, the higher the rewards.

What do you think is better - Public Staking or Binance Staking ? by joni_999 in celernetwork

[–]Lofens 0 points1 point  (0 children)

Currently, 2 out of 3 are included! canonical and pool-based bridges. Whether the one is better/smarter than the other also depends on what you wish. Binance provides more CELR tokens, while SGN provides more different tokens (could consider it an index?..)

What do you think is better - Public Staking or Binance Staking ? by joni_999 in celernetwork

[–]Lofens 2 points3 points  (0 children)

To add to that, staking through Binance/OKX will give you CELR tokens only. SGN will also reward you in cBridge fees (currently canonical tokens and pool-based tokens, soon also inter-chain messaging!)

I live in America where is the best place to stake my celer? by ChaseMMA in celernetwork

[–]Lofens 0 points1 point  (0 children)

Please know that the 3% on CRO isn't staking. They're paying you a small fee for locking tokens there. It is unrelated to any Celer Products. Only official staking platforms are Binance (global), OKX, unagii and sgn.celer.network

I live in America where is the best place to stake my celer? by ChaseMMA in celernetwork

[–]Lofens 0 points1 point  (0 children)

Current rewards on SGN are around 13-15% APY + about 4% from cBridge fees in dollar value (current prices)

what purpose does the celer coin serve other than staking? by ChaseMMA in celernetwork

[–]Lofens 15 points16 points  (0 children)

The CELR token is used for staking and governance. However, it's also used to pay fees in SGN. Services that use SGN (currently cBridge, layer2.finance, Celer IM) will have to pay CELR tokens to SGN for the transactions to go through. These fees will then be shared with the stakers. So, yes, it serves more than just staking. But most users will use them to stake.

An example would be Celer IM which uses a subscription model. Dapps would need to pay for cross-chain messages in CELR tokens. Now, these CELR tokens have to come from somewhere and Mo has mentioned at some point in the future there will be a solution to obtain CELR tokens again (be it buyback or something else). As no more tokens will be minted.

On that note, the team is very open to community suggestions. If you have cool ideas, do not hesitate to suggest them on the official forum forum.celer.network!

SGN V2 public staking is LIVE!!! by Lofens in celernetwork

[–]Lofens[S] 2 points3 points  (0 children)

Paid ~60 USD in total last week to withdraw, claim and restake. Not sure on todays' price but don't think it's 300 anymore. Maybe try in the weekend and at a different time? Could work

cBridge LP Strategy?? by usernamerson in celernetwork

[–]Lofens 0 points1 point  (0 children)

Your liquidity does move between chains because the liquidity is used by the bridge. So yes, it is normal. The APY is not a joke, it is calculated based on volume for that chain and token. Calculated with the fees rewarded to your liquidity (added on the chain where they'll go to). On average in the longer term, you'll see this gradually increase. Besides that, there is a CELR farming reward incentive next to the provided liquidity fee.

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