BUILD

Impact

Yield

Security

Chainlink

<p>Ledgity Yield has announced its integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across major networks like Arbitrum, Base, and <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/">Ethereum</a> mainnets.&nbsp;</p> 
<p>This collaboration marks a pivotal moment in the utilization of blockchain technology for real-world asset (RWA) management, enhancing both security and liquidity across the digital asset landscape.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">Chainlink BUILD project <a href="https://twitter.com/LedgityYield?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@LedgityYield</a> has integrated <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Chainlink</a> tokenized asset infrastructure on <a href="https://twitter.com/arbitrum?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@arbitrum</a>, <a href="https://twitter.com/base?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@base</a>, and <a href="https://twitter.com/ethereum?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@ethereum</a>.<br><br>How CCIP unlocks liquidity for Ledgity Yield’s RWA-backed token with secure cross-chain transfers ↓<a href="https://t.co/nJNYBRcGRU" target="_blank">https://t.co/nJNYBRcGRU</a></p>— Chainlink (@chainlink) <a href="https://twitter.com/chainlink/status/1804183073468145925?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 21, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="revolutionizing-asset-transfers-with-chainlink-ccip">Revolutionizing Asset Transfers with Chainlink CCIP</h2> 
<p><a href="https://chain.link/" target="_blank" rel="noopener">Chainlink</a> CCIP (Cross-Chain Interoperability Protocol) emerged as a key player in the blockchain interoperability world by providing robust Oracle solutions to safeguard multi-chain interactions. Powered by CCIP, Ledgity Yield will be in a position to redefine the way digital assets, specifically its RWA-backed LDY token crosses over chains.&nbsp;</p> 
<p>This integration simplifies transactions and allows more users to benefit from the Ledgity Yield service, thereby encouraging liquidity and accessing new markets. Now, XSwap has an interface to transfer LDY tokens across chains easily so that users directly know WHAT they can do on XCross and HOW.</p> 
<p>This enables us behind CCIP and less about it’s finally the defendor but as we have seen their digital transition has relied on proven partners like CCIP to ensure the highest standards of security comfort especially given the increasing complexity, and scale of work that those customers continue to do. By guarding against vulnerabilities that DeFi exploits on a decentralized network-wide scale, Chainlink by its protocol keeps constant tabs on cross chain operations.</p> 
<h2 class="wp-block-heading" id="enhancing-the-ecosystem-the-impact-on-liquidity-and-security">Enhancing the Ecosystem: The Impact on Liquidity and Security</h2> 
<p>Ledgity Yield’s strategic use of CCIP is about more than just a tech upgrade; it represents a new model for frictionless and secure digital finance operations. Or maybe the future is simpler — as the protocol can be made to be relatively agnostic to different blockchain settings, asset transfers are done securely in a much less frictionless and costly way across chains.</p> 
<p>This integration also fills a key security gap in RWAs management. Ledgity use Chainlink’s advanced infrastructure for Ledgity Yield to ensure that porting real-world assets to blockchain platforms is shielded against issues inherent to historical cross-chain operations.&nbsp;</p> 
<p>These features that CCIP offers like rate limits and programmable token transfers add the security feature and allows for more control of transactional flows and asset management.</p>

Ledgity Yield Leverages Chainlink to Pioneer Revolutionary Cross-Chain Transactions

İçindekiler

BlockchainReporter

22 Haz 2024 tarihli diğer yazılar

Blockchain Life 2024 to Take Place in Dubai as the Peak of Bull Run is coming

Eight Financial Giants File for Spot Ethereum ETFs

50 Cent’s Hacked Account Promotes Cryptocurrency

What is escrow in Quasa Connect; definition and benefits in the online world

Solana ETF Could Spur SOL Rally, But Savvy Investors Accumulate This Presale Token for Potential ...

Vitalik Buterin’s Recommendation In ERC-3770 For Safer ETH

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!