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Stader Integrates Chainlink CCIP for Enhanced Cross-Chain Capabilities
Stader recently made an exciting announcement regarding the integration of Chainlink CCIP across its Arbitrum and Ethereum mainnets. This integration will utilize CCIP’s STT (Simplified Token Transfer) capabilities to facilitate ETHx cross-chain transfers.
This implementation is poised to offer users a secure and seamless cross-chain experience while also enhancing the efficiency of transfers. Additionally, Stader is set to incorporate Chainlink Price Feeds on Ethereum to drive ETHx adoption within the DeFi market.
Continued Collaboration
Earlier this year, Stader revealed its plans to incorporate Chainlink CCIP for cross-chain transfers. This initial integration enabled cross-chain ETGx transfers across Arbitrum, Ethereum, and Optimism. Now, with the utilization of Chainlink’s product suite, Stader aims to further promote ETHx adoption and staking within the DeFi ecosystem.
Chainlink’s Superior Standards
Chainlink is renowned for upholding the highest standards of security and reliability within the Web3 industry. It is these attributes that make CCIP an ideal interoperability solution for Stader. Moreover, the Risk Management Network provides additional support for CCIP, actively monitoring and verifying cross-chain activities to identify any suspicious behavior.
After thorough evaluation, Stader selected Chainlink CCIP due to its:
- Tested reliability and security – Chainlink’s decentralized oracle networks provide a solid foundation for CCIP’s interoperability and consensus, having secured billions of dollars in smart contracts.
- Safe Token Transfers – CCIP offers audited token pool contracts that handle complex operations like minting, burning, and locking tokens across various chains.
- Programmable Token Transfers – CCIP messages are programmable, enabling seamless data transfers and ETHx transactions within a single transaction.
- Future-proof design – Chainlink has designed CCIP to accommodate future updates, such as new blockchain integrations, additional features, and enhanced security measures.
Amitej Gajjala, the co-founder of Stader Labs, has expressed great enthusiasm regarding this integration. He believes that this development has the potential to significantly benefit Stader Labs and its users, paving the way for innovative cross-chain solutions in the DeFi space.
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