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After a rigorous security evaluation, leading PayFi network Huma has selected Chainlink CCIP to power its cross-chain yield products for 100K+ users. Huma is adopting CCIP because it provides the highest level of security and unlocks the expansion of PST across chains.

1,390,849 views • 4 months ago •via X (Twitter)

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What is Chainlink CCIP? Chainlink's (Chainlink) Cross-Chain Interoperability Protocol, or CCIP, is designed to let applications communicate across different blockchain networks. Put simply, CCIP acts as a secure messaging and transfer layer between otherwise disconnected blockchains. Here's how it works: (1) It moves data between blockchains CCIP allows smart contracts on one blockchain to send messages to smart contracts on another network. That means an application can trigger an action on a different chain without requiring users to manually move between ecosystems. (2) It can transfer tokens across networks CCIP also supports cross-chain token transfers. Projects can use token pools and other mechanisms to move assets between supported chains while maintaining controlled supply across networks. (3) It lets you combine messaging and asset movement A major feature of CCIP is that developers can send arbitrary messages, transfer tokens, or do both in a single cross-chain transaction, rather than needing separate systems for each. (4) It uses Chainlink's decentralized oracle infrastructure CCIP relies on Chainlink's decentralized oracle network to validate and deliver cross-chain messages. The system uses multiple independent components to help verify transactions and protect against failures or manipulation. (5) It adds programmable token transfers CCIP is not limited to simply sending an asset from one chain to another. Developers can attach instructions to transfers, allowing receiving applications to automatically perform actions when tokens arrive. This could make cross-chain lending, payments, trading, and other DeFi applications easier to build. (6) It is designed for multiple blockchain environments CCIP supports communication across different blockchain ecosystems rather than forcing applications to operate within a single network. That matters as liquidity, users, and applications become increasingly fragmented across chains. The bigger idea is simple. Blockchains were originally built as separate networks, but users and capital increasingly need to move between them. CCIP is Chainlink's attempt to provide the infrastructure for that movement. If cross-chain applications continue expanding, secure interoperability could become one of the most important layers in the blockchain stack.

BSCN

17,349 views • 17 days ago

Welcome to a brand-new $BIFI, powered by Chainlink CCIP. New and improved. Built different. We were expecting a splash when our next-generation governance model was finally unleashed… but damnnn. It shouldn’t come as a surprise though. To meet the needs of our natively cross-chain community, we needed to adopt a truly next-level cross-chain solution. No more central custodians. No single points of failure. Enter #Chainlink Cross-Chain Interoperability Protocol (CCIP), the industry-standard connectivity solution for Web3👇 Chainlink CCIP features a brand-new messaging service that facilitates lightning-fast interoperability between a wide range of blockchains. CCIP leverages multiple different Chainlink decentralized oracle networks (DONs) to pass messages to and from different chains and monitor risks, avoiding reliance on centralized actors and minimizing exposure to individual attack vectors. By rapidly and securely connecting our xERC20 token contracts across our various chains, CCIP enables the seamless minting and burning of $BIFI so you can take a slice of Beefy with you wherever you go. It’s only been 4 weeks since our new cross-chain token arrived, but the low-cost and friction-free transactions powered by CCIP are already proving popular. And with plenty more chains, protocols, and incentives to incorporate into Beefy’s liquidity flywheel, there’s so much mooooore to come. We’re just getting started. Learn about CCIP: Explore our solution:

Beefy

88,800 views • 2 years ago

We're excited to announce the launch of the Chainlink Reserve, a new upgrade centered on the creation of a strategic onchain reserve of LINK tokens. The Chainlink Reserve is designed to support the long-term growth and sustainability of the Chainlink Network by accumulating LINK tokens using offchain revenue from large enterprises that are adopting the Chainlink standard and from onchain service usage. The Chainlink Reserve is being built up by using Payment Abstraction to convert offchain and onchain revenue into LINK, using a combination of Chainlink services and decentralized exchange infrastructure. Demand for Chainlink has already created hundreds of millions of dollars in revenue, substantially from large enterprises that have paid offchain for access to the Chainlink Platform. With increasing demand from a number of the world’s largest banking and capital markets institutions, this form of paying for the Chainlink standard is expected to grow into the future as the industry grows. The Reserve has already accumulated over $1M worth of LINK from this early stage launch phase, which is expected to gradually grow in the coming months as more revenue is converted into LINK and placed into the Reserve. We do not expect any withdrawals from the Reserve for multiple years and thus it is expected to grow over time. We believe that as the industry demand for Chainlink’s unique capabilities increases, that adoption of Chainlink services will enable the Reserve to grow further. 🧵👇

Chainlink

4,945,458 views • 1 year ago