Ergo's 'Rosenbridge' to be connected to Nervos CKB

Recent rumours circulating in the CKB/Ergo communities on X, have now been substantiated.

???? Ergo's 'Rosenbridge' which already connects to Cardano, has now put forward their proposal for the Rosenbridge to be connected to Nervos CKB.

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Rosen Bridge proposes to offer many benefits to the Nervos ecosystem:

• First Decentralized Bridge on Nervos: Rosen Bridge will be the first bridge connected to Nervos CKB that has achieved full decentralization. This aligns with the core values of Nervos Network to better provide resilient, permissionless, and censorship-resistant options for users.
• Bi-Directional Asset Transfer: Rosen Bridge is a bi-directional bridge that enables assets from remote chains to flow to Nervos, but it also allows Nervos assets to flow to the connected destination chains; something which is not currently possible. This means assets like CKB, iCKB, and SEAL will be tradable on destination chains in markets such as Uniswap, creating additional demand.
• Lower Cost Market Access: The ability for Nervos assets to be used on connected destination chains also means that Nervos assets will be able to take advantage of existing token integrations for CEX/DEX platforms at much lower cost. Integration of Nervos’ native token standards (XUDT) would cost upwards of $200k on some CEX platforms. Nervos project tokens can be integrated on these platforms via Rosen Bridge, using wrapped tokens under the ERC20 (Ethereum) or CNT (Cardano) standards, which have already been integrated.
• Synergy with DeFi Initiatives: Rosen Bridge will open new liquidity pathways that complement existing DeFi initiatives and projects. Existing DEX markets will gain exposure to more assets and potentially more volume as Nervos’ low transaction fees help foster more compelling use cases.
• Market-Making Initiatives: Rosen Bridge’s integration will allow Nervos to take part in cross-chain market-making initiatives. Hummingbot is an open-source market-making bot that is being created to increase market efficiency and liquidity within connected UTXO chains.
• Increase Ecosystem Exposure: Rosen Bridge will bring Nervos closer to a broader ecosystem of UTXO-based dApps and services. This creates a more compelling environment for UTXO-based dApps to build on Nervos since there is infrastructure in place to help them succeed.

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RESOURCES

Check out the proposal here: https://talk.nervos.org/t/dis-rosen-bridge-connecting-ckb-to-cardano-ergo-and-beyond/8539

Rosenbridge on X: https://x.com/RosenBridge_erg

Ergo on X: https://x.com/ergo_platform

Nervos network on X: https://x.com/NervosNetwork

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TLDR

???? Ergo's 'Rosenbridge' which already connects to Cardano, has now put forward their proposal for the Rosenbridge to be connected to Nervos CKB.