ckBTC to be Bridged From Internet Computer to Cosmos Via New Partnership Between Osmosis and Omnity.
20 Sep 2024, 08:00
ckBTC to be Bridged From Internet Computer to Cosmos Via New Partnership Between Osmosis and Omnity
The partnership will bring non-custodial Bitcoin to Cosmos, strengthening its interchain ecosystem.
ZURICH, Sept. 20, 2024 — The Internet Computer blockchain has announced that its Chain-Key Bitcoin ($ckBTC) non-custodial Bitcoin token will be bridged to the Cosmos ecosystem. A strategic partnership between the Omnity Network omnichain hub and the Osmosis interchain DEX and DeFi hub will make it happen.
The Osmosis DEX already has US$16 million in BTC liquidity, a cumulative trading volume of $35 billion and more than 100 separate connected blockchains. Their partnership with Omnity is expected to increase liquidity, expand the reach and functionality of ckBTC and forge a strong connection between the Cosmos and ICP ecosystems with cross-chain functionality. It will also provide unparalleled security and integration for ckBTC holders.
Same news in other sources
1
20 Sep 2024, 08:08
How to use your CELL tokens: income opportunities
If you don’t want to just hold onto your tokens, you have several attractive options for putting them to work.
⚡️ Staking Program
Staking is like a bank deposit, but in the blockchain world. By locking your tokens in staking, you can earn APY (annual percentage yield), which is similar to earning interest on deposits.
On the Cellframe staking site, several options are available:
● Single staking of CELL tokens. This is one of the simplest and most popular types of staking, where your CELL tokens are locked in the native Cellframe network. While the yield is relatively low, this type of staking is suitable for a wide range of users.
● LP Token Staking. LP tokens (liquidity pool tokens) are digital assets received by liquidity providers in exchange for funds deposited in pools on decentralized exchanges like UniSwap (ERC-20) and PancakeSwap (BEP-20).
By investing in trading pairs with CELL and receiving LP tokens, you can stake them on our staking site. These tokens will be locked in our smart contracts on the Ethereum or BSC networks, allowing you to earn not only liquidity pool fees but also income from LP staking. On average, APY for LP staking is higher than for single token staking.
We provided detailed information about the Cellframe staking program in this post, and you can also find more details in our Tokenomics 2.0.
⚡️ Running a Masternode
If you have at least 10,000 CELL locked in staking, you can increase your income by running a masternode. This requires m-tokens, which are distributed to stakers proportionally to the amount of funds locked: 1mCELL = 1,000 CELL.
We have prepared a guide for setting up a masternode — it's suitable for experienced users familiar with command-line operations. We’ve also recently added a tab for launching a masternode through the Cellframe Dashboard, making the process much simpler.
A masternode allows you to validate transactions, sign and add blocks to the blockchain, and participate in voting. Your income will consist of staking rewards as well as fees for transaction validation.
If you’re not ready to run a masternode on your own or lack sufficient funds, you can delegate your keys to other validators and still earn a share of the income.
You can find details on acquiring and using m-tokens in this post.
Choose the option that suits you best and start earning extra income! 👍
How to use your CELL tokens: income opportunities.
How to use your CELL tokens: income opportunities
If you don’t want to just hold onto your tokens, you have several attractive options for putting them to work.
⚡️ Staking Program
Staking is like a bank deposit, but in the blockchain world. By locking your tokens in staking, you can earn APY (annual percentage yield), which is similar to earning interest on deposits.
On the Cellframe staking site, several options are available:
● Single staking of CELL tokens. This is one of the simplest and most popular types of staking, where your CELL tokens are locked in the native Cellframe network. While the yield is relatively low, this type of staking is suitable for a wide range of users.
● LP Token Staking. LP tokens (liquidity pool tokens) are digital assets received by liquidity providers in exchange for funds deposited in pools on decentralized exchanges like UniSwap (ERC-20) and PancakeSwap (BEP-20).
By investing in trading pairs with CELL and receiving LP tokens, you can stake them on our staking site. These tokens will be locked in our smart contracts on the Ethereum or BSC networks, allowing you to earn not only liquidity pool fees but also income from LP staking. On average, APY for LP staking is higher than for single token staking.
We provided detailed information about the Cellframe staking program in this post, and you can also find more details in our Tokenomics 2.0.
⚡️ Running a Masternode
If you have at least 10,000 CELL locked in staking, you can increase your income by running a masternode. This requires m-tokens, which are distributed to stakers proportionally to the amount of funds locked: 1mCELL = 1,000 CELL.
We have prepared a guide for setting up a masternode — it's suitable for experienced users familiar with command-line operations. We’ve also recently added a tab for launching a masternode through the Cellframe Dashboard, making the process much simpler.
A masternode allows you to validate transactions, sign and add blocks to the blockchain, and participate in voting. Your income will consist of staking rewards as well as fees for transaction validation.
If you’re not ready to run a masternode on your own or lack sufficient funds, you can delegate your keys to other validators and still earn a share of the income.
You can find details on acquiring and using m-tokens in this post.
Choose the option that suits you best and start earning extra income! 👍