We are happy to announce that the Crypto Volatility Index (CVI) is forming a partnership with Celer, a decentralized and non-custodial asset bridge that supports over 80 tokens across multiple blockchain ecosystems. With this partnership, the CVI will be integrated with cBridge, a core application under the Celer Network that has processed over $5 billion in volume across 20+ cross-chain assets. As of today, cBridge has over 110,000 unique users and has expanded into numerous blockchains and layer-2 solutions.
The CVI is governed by the GOVI token. CVI users are able to stake GOVI and receive a share of platform fees, which is distributed as weekly rewards. Through the CVI & cBridge link, users will be able to bridge $GOVI across Arbitrum, Ethereum, and Polygon without any delays. Currently, there is an eight day wait for these transactions — with this integration, there will be no wait times and users will be able to bridge over instantly.
“We strive to offer the best solutions to our community and $GOVI holders in our partner ecosystems. With this cBridge integration, users will be able to make timely decisions when they see fit and without compromising with increased costs. It’s definitely a step in the right direction for CVI”
Yoni Neeman, CVI’s Chief innovation officer
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