Difference between revisions of "Celer (CELR)"
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* Based in: | * Based in: | ||
*Announced on: [https://medium.com/celer-network/celer-chainlink-combining-real-world-information-and-layer-2-scalability-24e5d478a4aa February 2019] | *Announced on: [https://medium.com/celer-network/celer-chainlink-combining-real-world-information-and-layer-2-scalability-24e5d478a4aa February 2019] | ||
* [https://blog.celer.network/2020/07/20/introducing-the-celer-hybrid-rollup-testnet/ Hybrid Rollup] is live on Ropsten [[testnet]] (20-7-2020) | * [https://blog.celer.network/2020/07/20/introducing-the-celer-hybrid-rollup-testnet/ Hybrid Rollup] is live on [[Ropsten]] [[testnet]] (20-7-2020) | ||
* [[Mainnet]] release: | * [[Mainnet]] release: | ||
* Its platform enables fast, easy and secure [[off-chain]] [[Transaction (Tx)|transactions]] and [[Smart contract|smart contracts]]. Celer plans to use [[Chainlink (LINK)|Chainlink]] when payment is conditionally dependent on some future condition in the real world being met. | * Its platform enables fast, easy and secure [[off-chain]] [[Transaction (Tx)|transactions]] and [[Smart contract|smart contracts]]. Celer plans to use [[Chainlink (LINK)|Chainlink]] when payment is conditionally dependent on some future condition in the real world being met. | ||
* [https://weekinethereum.substack.com/p/week-in-ethereum-news-may-10-2020 From] [[Week in Ethereum]] (11-5-2020): | * [https://weekinethereum.substack.com/p/week-in-ethereum-news-may-10-2020 From] [[Week in Ethereum]] (11-5-2020): | ||
''"Game developers with no blockchain knowledge today monetize their games through [http://developer.celerx.app/ CelerX gaming] [[SDK]] that leverages the underlying [[layer-2]] scaling technology with ease. Celer has also released the world’s first [http://celerx.app/ skill-based real money game apps] where players can join multi-player game tournaments and [https://apps.apple.com/us/app/arcade-win/id1459895768 win cryptocurrency prizes.]"'' | ''"Game developers with no [[blockchain]] knowledge today monetize their games through [http://developer.celerx.app/ CelerX gaming] [[SDK]] that leverages the underlying [[layer-2]] scaling technology with ease. Celer has also released the world’s first [http://celerx.app/ skill-based real money game apps] where players can join multi-player game tournaments and [https://apps.apple.com/us/app/arcade-win/id1459895768 win cryptocurrency prizes.]"'' | ||
== History == | == History == | ||
== Audits & Exploits == | == Audits & Exploits == | ||
| Line 14: | Line 14: | ||
=== Bugs & Exploits === | === Bugs & Exploits === | ||
* On August 17, 2022 Celer [[Bridge]] Front-end experienced [https://slowmist.medium.com/truth-behind-the-celer-network-cbridge-cross-chain-bridge-incident-bgp-hijacking-52556227e940 a BGP hijacking attack] pointing its users to malicious contracts and losing $235K across multiple chains. | |||
== Governance == | == Governance == | ||
=== DAO === | === DAO === | ||
| Line 25: | Line 28: | ||
== Tech == | == Tech == | ||
* [[Whitepaper]] can be found [insert here]. | * [[Whitepaper]] can be found [insert here]. | ||
* Code can be viewed [ | * Code can be viewed [https://github.com/celer-network?source=post_page--------------------------- here]. | ||
* Programming language used: | |||
* Programming language used: | |||
=== Transaction Details === | === Transaction Details === | ||
* Capacity ([[TPS]]): | * Capacity ([[TPS]]): | ||
| Line 35: | Line 37: | ||
=== Upgrades === | === Upgrades === | ||
*[https://weekinethereum.substack.com/p/week-in-ethereum-news-may-10-2020 From] [[Week in Ethereum]] (11-5-2020): | |||
''"Celer has just released a new [[State channels|state channel]] [https://blog.celer.network/2020/05/08/celer-launches-orion-mainnet-upgrade-ready-for-large-scale-node-expansion-on-ethereum-layer-2/ mainnet upgrade] enabling everyone to easily run a [[layer-2]] state channel [[node]] and to utilize the low-cost and real-time transactions enabled by Celer."'' | |||
=== Staking === | === Staking === | ||
=== Different Implementations === | === Different Implementations === | ||
=== Interoperability === | === Interoperability === | ||
* [https:// | *From their [https://twitter.com/CelerNetwork/status/1422267999336091667 blog] (3-8-2021): | ||
''" | ''"Within the first week of launch, Celer’s cBridge helped 600+ users bridging 1000+ [[cross-chain]] assets transfer with a $2.5M in total volume, while saving users more than $90K in total [[gas]] costs."'' | ||
* | * [https://ethhub.substack.com/p/ethhub-weekly-176?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozOTIxMDAxOCwiXyI6IitrN3VtIiwiaWF0IjoxNjI3NDc1NTYzLCJleHAiOjE2Mjc0NzkxNjMsImlzcyI6InB1Yi0zOTEwIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.r4cJvWZN5EMaaVLKx9YWn_LZb0bJxCHA51T9 From] [[EthHub]] (27-7-2021): | ||
''" | ''"Celer cBridge v1.0 is now [https://blog.celer.network/2021/07/22/celer-cbridge-launches-seamlessly-bridging-cross-chain-and-cross-layer-liquidity-2/ live] on [[mainnet]]! Users are now able to use cBridge to instantly transfer [[tokens]] across [[Ethereum (ETH)|Ethereum]], [[Arbitrum]] and [[Polygon (MATIC)|Polygon]] with many more [[Sidechain|side chain]] and [[Layer Two|layer-2]] chain integrations planned for in the [[near]] future."'' | ||
=== Sidechain L2 === | === Sidechain L2 === | ||
* From their [https://blog.celer.network/2020/07/20/introducing-the-celer-hybrid-rollup-testnet/ announcement] of their Hybrid Rollup (20-7-2020): | * From their [https://blog.celer.network/2020/07/20/introducing-the-celer-hybrid-rollup-testnet/ announcement] of their Hybrid Rollup (20-7-2020): | ||
"''The Celer [[Sidechain]] adopts a hybrid architecture offering sidechain security via a [[Delegated Proof of Stake]] (DPoS) consensus for general [[dApps]] and mainchain security via [[optimistic rollup]] for specific usages such as token transfers. As a part of the Celer [https://medium.com/celer-network/adding-hybrid-pos-rollup-sidechain-to-celers-coherent-layer-2-platform-d1d3067fe593 Coherent Layer-2 Platform], the rollup sidechain shares the same validator set with the [https://www.celer.network/docs/celercore/sgn/sidechain.html state guardian network]. The rollup sidechain validators and SGN validators will be elected and governed by the same layer-1 [https://github.com/celer-network/sgn-contract/blob/develop/contracts/DPoS.sol DPoS contract] for staking, rewarding, and [[slashing]]."'' | "''The Celer [[Sidechain]] adopts a hybrid architecture offering sidechain security via a [[Delegated Proof of Stake]] ([[DPOS|DPoS]]) [[consensus]] for general [[dApps]] and [[mainchain]] security via [[optimistic rollup]] for specific usages such as [[token]] transfers. As a part of the Celer [https://medium.com/celer-network/adding-hybrid-pos-rollup-sidechain-to-celers-coherent-layer-2-platform-d1d3067fe593 Coherent Layer-2 Platform], the rollup sidechain shares the same [[validator]] set with the [https://www.celer.network/docs/celercore/sgn/sidechain.html state guardian network]. The rollup sidechain [[validators]] and SGN validators will be elected and governed by the same layer-1 [https://github.com/celer-network/sgn-contract/blob/develop/contracts/DPoS.sol DPoS contract] for [[staking]], rewarding, and [[slashing]]."'' | ||
=== Other Details === | === Other Details === | ||
== Oracle Method == | == Oracle Method == | ||
== Compliance == | == Compliance == | ||
== Their Other Projects == | == Their Other Projects == | ||
=== Celer Inter-chain Message (Celer IM) === | |||
* From their [https://blog.celer.network/2022/04/25/celer-im-launches-on-mainnet-a-new-era-for-inter-chain-dapps-begins/ blog] (25-4-2022): | |||
''"Through Celer IM, developers can build inter-chain [[Decentralized Applications (DApps)|dApps]] using the Celer Inter-chain Message SDK with efficient [[liquidity]] utilization, coherent application logic, and shared states across multiple [[blockchains]]. For example, [http://chainhop.exchange/ ChainHop], a composable inter-chain liquidity protocol built using Celer IM, has also [https://medium.com/@ChainHopDEX/chainhop-mainnet-launch-a-composable-inter-chain-liquidity-protocol-6bc411599503 launched] on [[mainnet]] today. Using ChainHop, users and developers can easily convert token X [[on chain]] A into token Y on chain B with just a single [[Transaction (Tx)|transaction]].'' | |||
''In addition to ChainHop, we have 8 other launch partners: SynFutures, Mystiko, Swing, [[FutureSwap]], Ooki, Rubic, [[Solace]], and [[Aperture]]. They are building inter-chain native dApps in the spaces of cross-chain [[governance]], cross-chain yield aggregators, cross-chain [[synthetic]] asset trading, cross-chain privacy and other innovative use cases."'' | |||
=== Layer2.finance === | === Layer2.finance === | ||
| Line 62: | Line 72: | ||
* [https://ethhub.substack.com/p/ethhub-weekly-163?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozNTYyMTExMCwiXyI6InRxYSs5IiwiaWF0IjoxNjIwMDM0MDc3LCJleHAiOjE2MjAwMzc2NzcsImlzcyI6InB1Yi0zOTEwIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.jRI7RA7MobjVCZyDnhUt-X0mpAKyguG3xZ53 From] [[EthHub]] (27-4-2021): | * [https://ethhub.substack.com/p/ethhub-weekly-163?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozNTYyMTExMCwiXyI6InRxYSs5IiwiaWF0IjoxNjIwMDM0MDc3LCJleHAiOjE2MjAwMzc2NzcsImlzcyI6InB1Yi0zOTEwIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.jRI7RA7MobjVCZyDnhUt-X0mpAKyguG3xZ53 From] [[EthHub]] (27-4-2021): | ||
''"[[Layer2.finance]] is a novel solution that allows people to access all existing [[DeFi]] protocols at a fraction of the cost by acting like a | ''"[[Layer2.finance]] is a novel solution that allows people to access all existing [[DeFi]] protocols at a fraction of the cost by acting like a “[[Defi|DeFi]] Public Transportation System”."'' | ||
* From the Celer [https://blog.celer.network/2021/04/22/the-layer2-finance-v0-1-mainnet-launches-democratize-defi-simple-and-zero-fees/ blog] (22-4-2021): | * From the Celer [https://blog.celer.network/2021/04/22/the-layer2-finance-v0-1-mainnet-launches-democratize-defi-simple-and-zero-fees/ blog] (22-4-2021): | ||
''"With Celer’s advanced layer-2 [[Rollups|rollup]] technology, multiple people split the cost of individual layer1DeFi transactions in a completely trust-free and [[non-custodial]] way. Enabled by a unified strategy abstraction, Layer2.finance’s community-built and community-hosted “turn-key” UI provides a simple one-stop-shop experience for users to navigate the increasingly complex DeFi landscape."'' | ''"With Celer’s advanced layer-2 [[Rollups|rollup]] technology, multiple people split the cost of individual layer1DeFi [[transactions]] in a completely trust-free and [[non-custodial]] way. Enabled by a unified strategy abstraction, Layer2.finance’s community-built and community-hosted “turn-key” UI provides a simple one-stop-shop experience for users to navigate the increasingly complex [[Defi|DeFi]] landscape."'' | ||
=== Lyra === | === Lyra === | ||
* [https://ethhub.substack.com/p/ethhub-weekly-101?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjoyNzk2MTUsIl8iOiJZNTQrbCIsImlhdCI6MTU4MTk5OTgzNCwiZXhwIjoxNTgyMDAzNDM0LCJpc3MiOiJwdWItMzkxMCIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.0dkg9lbDBZ_uYNV-5aIyaGnaN9-Lia3o622elnpJ42M From] [[EthHub]] #101 (18-2-2020): | * [https://ethhub.substack.com/p/ethhub-weekly-101?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjoyNzk2MTUsIl8iOiJZNTQrbCIsImlhdCI6MTU4MTk5OTgzNCwiZXhwIjoxNTgyMDAzNDM0LCJpc3MiOiJwdWItMzkxMCIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.0dkg9lbDBZ_uYNV-5aIyaGnaN9-Lia3o622elnpJ42M From] [[EthHub]] #101 (18-2-2020): | ||
"''This week, Celer [https://medium.com/celer-network/celers-lyra-mainnet-launches-with-production-grade-open-source-code-214660abffa announced] the launch of their [[Layer 2|layer-2]] state channel [[mainnet]] upgrade, Lyra, on [[Ethereum]]."'' | "''This week, Celer [https://medium.com/celer-network/celers-lyra-mainnet-launches-with-production-grade-open-source-code-214660abffa announced] the launch of their [[Layer 2|layer-2]] [[state]] channel [[mainnet]] upgrade, [[Lyra]], on [[Ethereum]]."'' | ||
* [https:// | * [https://ethhub.substack.com/p/ethhub-weekly-205?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJfIjoiS3BqUUoiLCJpYXQiOjE2NDY2NDEwMTAsImV4cCI6MTY0NjY0NDYxMCwiaXNzIjoicHViLTM5MTAiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.DqgSpRBCiIZufKrrMBs8jWdSxf2JyA6TNcEOT7xaMGs&s=r From] [[EthHub]] (1-3-2022): | ||
''" | |||
''"Partnered up with [[Hop Protocol]]"'' | |||
== Roadmap == | == Roadmap == | ||
* Can be found [Insert link here]. | * Can be found [Insert [[LINK|link]] here]. | ||
== Usage == | == Usage == | ||
| Line 84: | Line 95: | ||
== Competition == | == Competition == | ||
* [[Sablier]], [[Matic]] and [[Connext]] | * [[Sablier]], [[Matic]] and [[Connext]] | ||
== Pros and Cons == | == Pros and Cons == | ||
=== Pros === | === Pros === | ||
=== Cons === | === Cons === | ||
== Team, | == Team, Funding, Partners == | ||
=== Team === | === Team === | ||
| Line 95: | Line 104: | ||
* [[Mo Dong]], Co-Founder | * [[Mo Dong]], Co-Founder | ||
=== | === Funding === | ||
* | * [https://medium.com/balancer-protocol/meet-holdr-168fb59cf172 Gave] [[Solace (SOLACE)|Solace]] a grant (2022). | ||
* [https:// | *[[Matter Labs]]; [https://medium.com/matter-labs/funding-ea89c1fa731e according] to Matter Labs, the founders and leadership of a bunch of DeFi projects, among which this project, joined in on the $50m raise for [[zkSync]] (8-11-2021). | ||
* Is part of the [http://consensus-lab.com/#Partner portfolio] (20-4-2020) of [[Consensus Lab]]. | *Is part of the [http://consensus-lab.com/#Partner portfolio] (20-4-2020) of [[Consensus Lab]]. | ||
* | *[https://messari.io/organization/arrington-xrp-capital Part of] (9-3-2020) the portfolio of [[Arrington XRP Capital]]. | ||
*Has [https://www.ngc.fund/hb.php had] investment and possible contributions from [[NEO Global Capital]] | |||
=== Partners === | === Partners === | ||
* Partners with [[Wyre]] (As of 28-10-2019 [https://www.sendwyre.com/partner-testimonials/ on the website] of Wyre) | * Partners with [[Wyre]] (As of 28-10-2019 [https://www.sendwyre.com/partner-testimonials/ on the website] of Wyre) | ||
* One of the [https://twitter.com/evan_van_ness/status/1256336908197732352 four sponsors] of [[Week in Ethereum]] (1-5-2020). | * One of the [https://twitter.com/evan_van_ness/status/1256336908197732352 four sponsors] of [[Week in Ethereum]] (1-5-2020). | ||
* [https://ethhub.substack.com/p/ethhub-weekly-205?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJfIjoiS3BqUUoiLCJpYXQiOjE2NDY2NDEwMTAsImV4cCI6MTY0NjY0NDYxMCwiaXNzIjoicHViLTM5MTAiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.DqgSpRBCiIZufKrrMBs8jWdSxf2JyA6TNcEOT7xaMGs&s=r From] [[EthHub]] (1-3-2022): | |||
''"Lyra partnered up with [[Hop Protocol]]"'' | |||
==(:== | |||
Knowledge empowers all and will help us get closer to the [[decentralised|decentralized]] world we all want to live in! | |||
Making these free wiki pages is fun but takes a lot of effort and time. | |||
If you have enjoyed reading, tips are appreciated :) This will help us to [[keep]] expanding this archive of information. | |||
[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31 | |||
[[Category:Companies/Organisations]] | [[Category:Companies/Organisations]] | ||
Latest revision as of 03:17, 19 December 2022
Basics
- Based in:
- Announced on: February 2019
- Hybrid Rollup is live on Ropsten testnet (20-7-2020)
- Mainnet release:
- Its platform enables fast, easy and secure off-chain transactions and smart contracts. Celer plans to use Chainlink when payment is conditionally dependent on some future condition in the real world being met.
- From Week in Ethereum (11-5-2020):
"Game developers with no blockchain knowledge today monetize their games through CelerX gaming SDK that leverages the underlying layer-2 scaling technology with ease. Celer has also released the world’s first skill-based real money game apps where players can join multi-player game tournaments and win cryptocurrency prizes."
History
Audits & Exploits
- Bug bounty program can be found [insert here].
- CertiK claims to have done an audit for them, according to their website (12-6-2020).
Bugs & Exploits
- On August 17, 2022 Celer Bridge Front-end experienced a BGP hijacking attack pointing its users to malicious contracts and losing $235K across multiple chains.
Governance
DAO
Treasury
Token
Launch
Token allocation
Utility
Token Details
Stablecoin
Tech
- Whitepaper can be found [insert here].
- Code can be viewed here.
- Programming language used:
Transaction Details
How it works
Fees
Upgrades
- From Week in Ethereum (11-5-2020):
"Celer has just released a new state channel mainnet upgrade enabling everyone to easily run a layer-2 state channel node and to utilize the low-cost and real-time transactions enabled by Celer."
Staking
Different Implementations
Interoperability
- From their blog (3-8-2021):
"Within the first week of launch, Celer’s cBridge helped 600+ users bridging 1000+ cross-chain assets transfer with a $2.5M in total volume, while saving users more than $90K in total gas costs."
"Celer cBridge v1.0 is now live on mainnet! Users are now able to use cBridge to instantly transfer tokens across Ethereum, Arbitrum and Polygon with many more side chain and layer-2 chain integrations planned for in the near future."
Sidechain L2
- From their announcement of their Hybrid Rollup (20-7-2020):
"The Celer Sidechain adopts a hybrid architecture offering sidechain security via a Delegated Proof of Stake (DPoS) consensus for general dApps and mainchain security via optimistic rollup for specific usages such as token transfers. As a part of the Celer Coherent Layer-2 Platform, the rollup sidechain shares the same validator set with the state guardian network. The rollup sidechain validators and SGN validators will be elected and governed by the same layer-1 DPoS contract for staking, rewarding, and slashing."
Other Details
Oracle Method
Compliance
Their Other Projects
Celer Inter-chain Message (Celer IM)
- From their blog (25-4-2022):
"Through Celer IM, developers can build inter-chain dApps using the Celer Inter-chain Message SDK with efficient liquidity utilization, coherent application logic, and shared states across multiple blockchains. For example, ChainHop, a composable inter-chain liquidity protocol built using Celer IM, has also launched on mainnet today. Using ChainHop, users and developers can easily convert token X on chain A into token Y on chain B with just a single transaction.
In addition to ChainHop, we have 8 other launch partners: SynFutures, Mystiko, Swing, FutureSwap, Ooki, Rubic, Solace, and Aperture. They are building inter-chain native dApps in the spaces of cross-chain governance, cross-chain yield aggregators, cross-chain synthetic asset trading, cross-chain privacy and other innovative use cases."
Layer2.finance
"Layer2.finance is a novel solution that allows people to access all existing DeFi protocols at a fraction of the cost by acting like a “DeFi Public Transportation System”."
- From the Celer blog (22-4-2021):
"With Celer’s advanced layer-2 rollup technology, multiple people split the cost of individual layer1DeFi transactions in a completely trust-free and non-custodial way. Enabled by a unified strategy abstraction, Layer2.finance’s community-built and community-hosted “turn-key” UI provides a simple one-stop-shop experience for users to navigate the increasingly complex DeFi landscape."
Lyra
"This week, Celer announced the launch of their layer-2 state channel mainnet upgrade, Lyra, on Ethereum."
"Partnered up with Hop Protocol"
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
- Celer has 1 million users on its state channel games (25-1-2021).
Competition
Pros and Cons
Pros
Cons
Team, Funding, Partners
Team
- Was founded by four PhDs from MIT, Princeton, UC Berkeley and University of Illinois Urbana-Champaign.
- Mo Dong, Co-Founder
Funding
- Gave Solace a grant (2022).
- Matter Labs; according to Matter Labs, the founders and leadership of a bunch of DeFi projects, among which this project, joined in on the $50m raise for zkSync (8-11-2021).
- Is part of the portfolio (20-4-2020) of Consensus Lab.
- Part of (9-3-2020) the portfolio of Arrington XRP Capital.
- Has had investment and possible contributions from NEO Global Capital
Partners
- Partners with Wyre (As of 28-10-2019 on the website of Wyre)
- One of the four sponsors of Week in Ethereum (1-5-2020).
"Lyra partnered up with Hop Protocol"
(:
Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!
Making these free wiki pages is fun but takes a lot of effort and time.
If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.
