Cross-Chain Support for $CHAR Now Live

馃尡 $CHAR breaks chains

By Toucan
Oct 17, 2024, 7:05 PM
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Toucan has launched cross-chain support for $CHAR carbon pool tokens, enabling seamless transfers between Base and Celo networks.​ This development marks a significant step in enhancing the interoperability of carbon-based assets in the Web3 ecosystem.​

Key points:

  • Users can now transfer $CHAR tokens between Base and Celo
  • Access the feature via the 'Cross-Chain' option on app.​toucan.​earth
  • This update aligns with the growing trend of cross-chain functionality in DeFi

The move aims to increase liquidity and accessibility for carbon-based assets, potentially boosting adoption in decentralized climate finance.​

Sources
Read more about Toucan

Base x Toucan Partnership

Toucan Protocol and Base have announced a strategic partnership to enhance carbon market infrastructure. This collaboration aims to bring carbon credits on-chain, making them more accessible and tradeable. Key developments: - Integration of Toucan's carbon tokenization protocol on Base - Focus on improving carbon market transparency and liquidity - Enhanced accessibility for DeFi users to participate in carbon markets The partnership represents a significant step toward bridging traditional carbon markets with blockchain technology, potentially accelerating climate action through decentralized finance.

DeFi