Ref Finance, Allbridge, Celo Foundation to Collaborate on $4.3 Million in Cross-Chain Rewards
TokenInsight news, The cross-chain bridge Allbridge has recently launched on NEAR Protocol, connecting 12 networks such as Solana, Celo, Terra and others to NEAR. Through Ref Finance, $CELO and $cUSD are able to bridge to NEAR. As a result, the Ref team and the Celo Foundation have decided to work together on a marketplace and community growth initiatives.
The proposed details include $2 million in $CELO incentives from the Celo Foundation and $2 million in $REF from Ref Finance, in addition to the 100,000 $ABR that Allbridge has agreed to add, tripling the incentive for new markets.