- Celer Network enables seamless transfer of Lune between Arbitrum Nova and Arbitrum One.
- This bridge provides access to greater liquidity, DeFi applications, and multisig support.
- The community can enjoy greater voting power in snapshot governance for active user participation.
In a significant move, Celer announces a strategic partnership with r/CryptoCurrency to facilitate the connection of Moons with Arbitrum One. This collaboration aims to improve the usefulness and accessibility of Moons, providing users with a seamless experience across different networks.
The multi-directional bridge, scheduled to go live on March 20, 2024, allows users to easily transfer Moons between Arbitrum Nova and Arbitrum One. This flexibility opens up new possibilities for the community, ensuring they can interact with Moons on their favorite network.
Several compelling reasons support the decision to connect Moons to Arbitrum One. Arbitrum One boasts significantly higher liquidity, with a TVL of $2.76 billion compared to Arbitrum Nova’s $30 million TVL. Additionally, Arbitrum One’s popularity over Nova minimizes the risk of potential crashes and introduces Moons to a broader range of DeFi applications.
A notable advantage is the support for multisig on Arbitrum One, which provides an opportunity for better management of community funds by u/TheMoonDistributor.
While Moons distributions and tips will continue on Nova to keep gas rates low, users who connect to Arbitrum One will have access to greater voting power in instant governance. This ensures that users can actively participate in decision-making processes while taking advantage of the benefits of both networks.
The announcement sparked excitement within Moons, cryptocurrency Reddit, and the broader crypto community. Members express their excitement and anticipation for upcoming improvements in the CryptoCurrency Reddit thread.
Celer er/CryptoCurrency remain committed to the evolution of the Moons ecosystem, continually exploring new partnerships and utility features. The community is encouraged to stay tuned for further developments as these initiatives unfold.
