StakeStone has teamed up with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to boost cross-chain capabilities on platforms such as Arbitrum, Base, Ethereum, and Optimism. With this partnership, users can now deposit ETH for staking directly from layer-2 networks, thanks to Lido’s innovative Direct Staking tracks, which operate using CCIP technology.
The team selected Chainlink’s CCIP because it offers unparalleled security and trustworthiness. It is the only interoperability solution with top-tier security (level-5). Additionally, it has the backing of the Risk Management Network, a separate system that checks cross-chain operations for any shady activity, thus providing an important layer of protection.
We opted for CCIP as our chosen interoperability method because Chainlink has an impressive history of upholding top-tier security and dependability within the blockchain sector. Notably, CCIP is currently the sole interoperability solution that reaches level-5 cross-chain security standards. Additionally, CCIP benefits from the Risk Management Network, a distinct, autonomous network that continually checks and confirms cross-chain activities for any potential suspicious behavior.
Enhanced Security and Cross-Chain Functionality with CCIP
As a crypto investor, I’m always on the lookout for projects that prioritize security and transparency. That’s why I’m impressed by CCIP, which relies on Chainlink’s Decentralized Oracle Network (DON) for its consensus layer. This network has proven itself over time, securing a staggering $75 billion in DeFi TVL and facilitating an astounding $16 trillion in on-chain transactions since 2022.
What makes CCIP even more reliable is that its transfers are verified by multiple DONs, not just one. On top of this, there’s a separate Risk Management Network that keeps a constant watch over CCIP activity, ensuring everything runs smoothly and securely. This dual-layer system gives me confidence in the robustness and reliability of CCIP, making it an attractive investment option for me.
StakeStone pointed out that Chainlink’s CCIP enables tokens (through Cross-Chain Transfer Tokens) to move between different blockchains and contains guidelines for what should occur with those tokens upon their arrival. This feature of cross-chain programmability streamlines intricate actions involving numerous users, blockchains, and assets into a single, unified set of cross-chain instructions.
Moreover, CCIP is built with flexibility in mind, enabling it to accommodate new blockchain networks, additional tokens, and advanced security updates as they become available.
Expanding the Chainlink Ecosystem across Major Blockchain Networks
StakeStone pointed out that Chainlink has built one of the most extensive blockchain ecosystems, making it a top choice for connecting capital markets. Being part of this Chainlink ecosystem could offer growth prospects that align with Vaultrcraft’s objectives and boost its acceptance.
Ivan K., StakeStone’s Chief Marketing Officer, shared his enthusiasm for the company’s implementation of the Chainlink standard, which allows for secure and seamless L2 staking. He highlighted that with Chainlink CCIP, users can now stake ETH directly from layer-2 networks, as reported by Ivan himself.
We’re thrilled to integrate the Chainlink standard, which will allow us to introduce L2 staking in a safe and hassle-free way. Utilizing Chainlink CCIP, StakeStone is now empowering its users to stake ETH straight from layer-2 platforms.
Multiple businesses have implemented Chainlink’s Cross-Chain Interoperability Protocol (CCIP) in their operations. Notably, OKX has declared its integration of the Chainlink standard, aiming to provide secure cross-chain compatibility. This move opens up Layer 2 staking across Arbitrum, BSC, Ethereum, and Optimism. The system employs LidoFinance’s Direct Staking infrastructure, which operates under CCIP, empowering users to directly stake ETH from layer-2 networks.
As a researcher, I’ve noticed that both Dexodus Finance and Micro3 have integrated the Chainlink standard into their systems. Specifically, Dexodus Finance is utilizing this technology for smart contract automation and real-time market data on Base. On the other hand, Micro3 has chosen to employ it for reliable market data within the Linea mainnet.
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2025-01-17 15:46