Chainlink's Security-First Approach in Cross-Chain Solutions
Chainlink's Security-First Approach in Cross-Chain Solutions
Since the start of 2024, the industry has experienced two significant cross-chain hacks resulting in nearly $90M in losses. To bring financial institutions onchain and scale digital assets, Chainlink emphasizes a security-first approach. Chainlink's Cross-Chain Interoperability Protocol (CCIP) has reached the highest level of cross-chain security and meets enterprise-grade requirements. The security architecture of CCIP was the deciding factor for MetaRisk Labs and Redacted Cartel in selecting Chainlink's solution for their cross-chain operations.
When @MetaRisk_Labs decided to take its flagship protocol @InsurAce_io cross-chain, selecting the right blockchain interoperability solution was vital. With ~400M dollars of coverage spanning 100+ protocols across a wide range of chains, InsurAce’s user base was already
Since the start of 2024, our industry has already experienced two significant cross-chain hacks resulting in nearly $90M in losses. While there’s been a recent surge of interest in our industry around RWA tokenization, the only way we will bring financial institutions onchain
According to @DefiLlama, more than $2.8 billion in total value has been hacked due to cross-chain bridge exploits. The most recent incident took place on December 31, just before the turn of the new year. Here’s how our industry can do better in 2024🧵
.@redactedcartel is integrating #Chainlink CCIP to power cross-chain transfers of Pirex ETH across @arbitrum, #Ethereum, and @optimism. Why Redacted selected CCIP as its exclusive cross-chain solution ⬇️ mirror.xyz/0xE90c74145245…
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.