Decentralized Exchange SyncSwap Integrates cBridge Into Its DEX DApp

04/08/2023 06:04 • Metaverse Matters • 92 views

On April 8th, Celer Network tweeted that the decentralized exchange SyncSwap had integrated cBridge into its DEX DApp. SyncSwap users can use cBridge within their application to cross chain tokens such as MATIC, BUSD, BNB, AVAX to zkSync Era.

Decentralized Exchange SyncSwap DApp has integrated Celer Cross Chain Bridge cBridge

On April 8th, Celer Network announced on Twitter that SyncSwap had integrated cBridge into its DEX DApp. This integration will allow SyncSwap users to cross-chain tokens such as MATIC, BUSD, BNB, AVAX to the zkSync Era.

What is SyncSwap?

SyncSwap is a decentralized exchange (DEX) that was created as an L2 DEX on top of the zkSync layer 2 scaling solution. This allows the platform to achieve fast, cheap, and secure transactions for its users. zkSync is an L2 scaling solution that allows users to conduct transactions off-chain, which reduces the transaction fees and increases the speed of transactions.

What is cBridge?

cBridge is a cross-chain bridge that enables interoperability and liquidity between different blockchain networks. It allows users to transfer tokens seamlessly between different blockchains, which can help to expand the user base and increase liquidity. Currently, cBridge supports Ethereum, Binance Smart Chain, Huobi ECO Chain, and Avalanche.

How does the integration benefit SyncSwap users?

With the integration of cBridge, SyncSwap users can now cross-chain tokens such as MATIC, BUSD, BNB, AVAX to the zkSync Era. This feature allows users to take advantage of the fast and cheap transaction speeds offered by the zkSync layer 2 scaling solution. Additionally, cBridge’s cross-chain interoperability allows users to access a wider range of tokens and liquidity, which can help to improve their trading experience.

How does cBridge work?

cBridge works by using its smart contract to lock up tokens on one blockchain and issue equivalent tokens on another blockchain. When a user sends tokens to cBridge, the contract locks the tokens and issues equivalent tokens on the target blockchain. When the user wants to withdraw their tokens, they can do so by sending their tokens back to the cBridge smart contract, which then unlocks the previously locked tokens on the original blockchain.

Conclusion

The integration of cBridge into SyncSwap’s DEX DApp is a significant development that will benefit users by offering fast, cheap, and secure transactions. Additionally, the cross-chain interoperability offered by cBridge will allow users to access a wider range of tokens and liquidity, which can help to improve their trading experience.

FAQs

**Q1. What are the benefits of using the zkSync layer 2 scaling solution?**
The zkSync layer 2 scaling solution offers fast, cheap, and secure transactions for its users. By using this technology, users can enjoy a better trading experience with reduced transaction fees and faster transaction times.
**Q2. What other blockchains does cBridge support?**
Currently, cBridge supports Ethereum, Binance Smart Chain, Huobi ECO Chain, and Avalanche. However, the platform is constantly expanding its support for other blockchains.
**Q3. How can I start using SyncSwap’s DEX DApp with cBridge integration?**
To start using SyncSwap’s DEX DApp with cBridge integration, all you need is to have an account on the platform. After that, you can explore the platform and use the cross-chain feature to trade tokens seamlessly between different blockchains.
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