Celer cBridge launches xAsset V2 for omnidirectional cross-chain transfers on bridged tokens

Celer, the blockchain interoperability protocol enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, and more across multiple chains, announced today that a new version (V2) of xAsset has been released on cBridge.


Tokens bridged in V2 can be transferred not only between one source chain and one of the multiple supported destination chains but can now move freely between any two supported chains without the prerequisite of pre-minted liquidity or any liquidity routing.


The cBridge xAsset model serves the purpose of bridging a token from its origin chain to a new chain where the token doesn’t yet exist. Different from xLiquidity – a cBridge liquidity-pool-based bridging model, xAsset locks a token on the origin chain and mints a replica of the token on the destination chain.


V1 vs. V2
Support the originator by clicking the read the rest link below.