Pancakeswap Partners With Celer Network To Power Its Cross-Chain Liquidity Farming

Twitter icon  •  Published 1 year ago  •  Hassan Maishera

The Pancakeswap announced via Twitter on Monday that it is excited to be working with Celer Network to power its cross-chain liquidity farming.

The Pancakeswap announced via Twitter on Monday that it is excited to be working with Celer Network to power its cross-chain liquidity farming. With PancakeSwap now officially going cross-chain, users can provide liquidity on Ethereum and harvest CAKE rewards on BNBChain with low fees. 

The Pancakeswap team added that Bunnies on Ethereum can now earn native CAKE on BNBChain through the magic of cross-chain message communication.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down by 3% today and is currently trading at $4.462.

Celer Network is an interoperability platform that supports cross-chain fund transfers and generic message passing. CELR, the native token of Celer Network, is down by more than 5% in the last 24 hours and is currently trading at $0.01445.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.