Orcus Finance X Celer Network
At Orcus Finance we are launching the first Fractional-Algorithmic stablecoin on Astar Network and will follow all multichain intentions and scalability options together within the whole DeFi space.
Celer Network build cBridge, a decentralized and non-custodial asset bridge that supports more than 65 different tokens across 23 different blockchains and layer-2 rollups. Built with the Celer Inter-chain Message Framework, cBridge has processed more than $4.3b cross-chain asset transfers volume for more than 108K unique users and is quickly growing.
Appreciations for Celer Network on bridging such significant and valuable assets on Astar Network as USDT, USDC, DAI, WETH, BNB, BUSD, WBTC, PKEX, SDN, MATIC, AAVE, CRV, and even more are coming!
Thanks to cBridge and enough USDC reserves, Orcus Finance can offer Dual-Token collateralization level while using USDC and ORU tokens to mint oUSD stablecoin. So far, we are focused on using only the stablecoin, but the presence of WBTC gives us a free hand to create another synthetic asset, I think you understand what we mean!
From day 1 of the Orcus Finance launch, we will work closely with Celer Network to make oUSD a multichain fractional-algorithmic stablecoin, which will be available in majority markets for different financial operations, lending and trading. cBridge will help us to ensure bridging liquidity and delivering oUSD stablecoin on the lots of chains!