- Ledgity Yield, a stablecoin yield protocol backed by real-world assets, has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) into Ethereum, Base and Arbitrum.
- The CCIP integration provides cross-chain transfers of the native LDY token, allowing users to easily stake the token from different chains.
Stablecoin yield protocol Ledgity Yield has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to offer cross-chain transfers of its native token, LDY.
Announcing the integration, Ledgity described the protocol as “now more accessible than ever,” adding that the partnership will allow it to “become truly multi-chain, ensuring seamless transactions between different networks.”
Ledgity is designed to provide scalable and efficient return solutions, backed by real assets. It provides a stablecoin yield protocol on an institutional-grade treasury management platform, bridging the gap between decentralized and traditional finance. It promises a 7% annual percentage rate (APR), which it achieves by dividing its collateral portfolio of risk-weighted assets among hundreds of return options.
Ledgity has implemented CCIP in Ethereum and two of the most popular Layer 2 systems: Base and Arbitum. The protocol allows users to perform cross-chain transfers of their LDY token from XSwap, the frontend interface. This allows users to deploy LDY from different chains. easy
Ledgity stated:
By enabling seamless cross-chain interoperability through CCIP, Ledgity Yield can increase liquidity and unlock greater access to new market opportunities for both individuals and protocols through LDY’s RWA-backed yield.
Chainlink’s CCIP sets the standard
Chainlink has continued to set the standard with its services, which connect the traditional financial market with the emerging DeFi. As Crypto News Flash has reported, zenGate, the DTCC and dlcBTC are among the latest to integrate Chainlink solutions.
In its blog post about the new integration, Ledgity revealed that it chose Chainlink because it has “the most proven track record of maintaining the highest standard of security and reliability in the Web3 industry.”
CCIP’s proven security and reliability were key to Ledgity’s decision. Chainlink’s oracles have secured billions of dollars worth of smart contracts and facilitated the transfer of more than $1.1 trillion in onchain value. The network’s Risk Management Network and Smart Execution features provide additional security.
Simplified and programmable token transfers were also critical to Ledgity’s decision. CCIP provides plug-and-play solutions with controlled token pool contracts, where the messages are easily programmable, allowing users to transfer tokens and other arbitrary data in a single atomic transaction.
Commenting on the integration, Ledgity CEO Pierre Yves said his project is excited about the future. He added:
We must maintain the highest possible security standards when bringing real-world assets on-chain, making Chainlink’s proven and deep defense infrastructure essential to the tokenized asset economy.
Meanwhile, LINK is trading at $13.37, having lost just a little less 1% in the past day and 7% in the past week.