Chainlink CCIP Powers Cross-Chain Transfers for Helio Protocol and Beefy Finance
Chainlink CCIP Powers Cross-Chain Transfers for Helio Protocol and Beefy Finance
Helio Protocol is integrating Chainlink CCIP on Binance Chain and Ethereum to enable cross-chain transfers of its decentralized stablecoin. Beefy Finance chose Chainlink CCIP for its cross-chain solution, leveraging its industry-standard security and reliability. Chainlink CCIP powers cross-chain transfers for Beefy's token through a burn and mint mechanism, allowing users to securely take their BIFI tokens across different chains. CCIP offers level-5 security and a separate Risk Management Network. It enables easy expansion of cross-chain offerings while maintaining high standards of security. CCIP's architecture features multiple independent nodes and code bases, ensuring decentralized and robust cross-chain operations.
When selecting a cross-chain solution, @beefyfinance’s goal was to maintain the highest degree of decentralization while eliminating single points of failure. Chainlink CCIP’s industry-standard security and reliability made it the obvious choice. Why Beefy chose #CCIP👇
Chainlink #CCIP is the only cross-chain infrastructure that offers full-scale, level-5 security. Why is this unprecedented level of decentralization and risk management essential for building a cross-chain standard? A primer on the five levels of cross-chain security👇
.@Helio_Money is integrating #Chainlink CCIP on @BNBCHAIN and @ethereum to unlock cross-chain transfers of its decentralized stablecoin. Why Helio Protocol chose CCIP as its exclusive cross-chain solution ⬇️ medium.com/@Helio-HAY/hel…
CapMoney Integrates Chainlink Price Feeds for cUSD Stablecoin
CapMoney has integrated Chainlink Price Feeds on Ethereum to enhance its decentralized cUSD stablecoin operations. Key features: - Interest-bearing cUSD stablecoin - Backed by fully collateralized and restaked assets - Chainlink integration provides security for minting and delegation - Designed to maintain stability during market volatility The integration follows PayPal's PYUSD stablecoin which also utilizes Chainlink's price feeds for accurate and reliable pricing data.
Chainlink Consolidates Major RWA Tokenization Announcements
Chainlink has published a comprehensive overview of their significant real-world asset (RWA) tokenization initiatives. The compilation follows recent industry insights from Chainlink Labs' Head of Tokenization, Colin Cunningham, featured in Keyrock Trading's report on tokenization trends. Key highlights: - Centralized collection of Chainlink's major RWA tokenization announcements - Builds on previous banking and capital markets announcement compilation from December 2024 - Aligns with industry forecasts for tokenization growth in 2025 The announcements showcase Chainlink's expanding role in connecting traditional finance with blockchain technology through RWA tokenization infrastructure. [Read the full announcement](https://blog.chain.link/chainlink-institutional-tokenization-announcements/)
Chainlink's Nazarov Discusses DeFi's Role in Deglobalization
Chainlink co-founder Sergey Nazarov appeared on the Crypto America podcast to discuss several key developments in the blockchain space: - DeFi's emerging role in an increasingly deglobalized economic landscape - The strategic importance of asset tokenization in the American market - Growing interest in proof of reserves among D.C. policymakers This follows his recent appearance on The Wolf Of All Streets podcast, where he shared insights from the White House Digital Asset Summit and discussed America's evolving stance on crypto assets.
LiFi Integrates Chainlink's Cross-Chain Token Standard
Cross-chain liquidity aggregator LiFi has integrated Chainlink's CCIP and Cross-Chain Token (CCT) standard, expanding cross-chain capabilities for token transfers. Key updates: - LINK and SHIB are first supported CCT tokens on Jumper Exchange - Burn-and-mint mechanism enables any-size transfers - Features include flat fees and zero slippage - Available through Jumper Exchange, the leading bridge aggregator The integration follows earlier CCT adoption by protocols like Liquity, which implemented the standard for its BOLD stablecoin across multiple networks including Arbitrum, Base, Ethereum, and Optimism. [Learn more about the integration](https://li.fi/knowledge-hub/li-fi-now-supports-chainlink-cross-chain-token-cct-standard/)
Aave Plans First Non-EVM Deployment on Aptos
Aave is preparing for a significant expansion with its first non-EVM deployment on Aptos blockchain. The proposed launch of Aave V3 on Aptos mainnet awaits community approval. Key points: - Markets will be secured by Chainlink Price Feeds - Aptos is a Chainlink Scale member - This marks Aave's first venture beyond EVM-compatible networks This deployment could establish a precedent for DeFi protocols expanding into non-EVM ecosystems, potentially reshaping cross-chain collaboration patterns.