At CelsiusX, one of our goals is to bridge DeFi and CeFi infrastructure. Although DeFi, which is a major technological leap in financial infrastructure, enables services such as lending, borrowing, trading, and payments to be accessible to anyone in the world with an internet connection, it still faces many challenges when it comes to adoption, particularly because many innovative solutions fail to bootstrap sufficient liquidity.
As a DeFi-CeFi hybrid institution, CelsiusX is building liquidity bridges which will give users the ability to move assets between blockchains and provide cross-chain liquidity. Although the first implementation will utilize the Celsius backend as a bridge, our eventual goal, as outlined in the Decentralization Stages, is to provide a fully decentralized bridge.
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