Ledgity Yield has announced the integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) into major networks such as Arbitrum, Base and Ethereum mainnets.
This collaboration marks a pivotal moment in the use of blockchain technology for real-world asset (RWA) management, improving both security and liquidity in the digital asset landscape.
Chainlink BUILD project @LedgityYield has integrated #Chainlink tokenized asset infrastructure on @arbitrum, @base and @ethereum.
How CCIP unlocks liquidity for Ledgity Yield’s RWA-backed token with secure cross-chain transfers ↓https://t.co/nJNYBRcGRU
— Chainlink (@chainlink) June 21, 2024
Revolutionize asset transfers with Chainlink CCIP
Chainlink CCIP (Cross-Chain Interoperability Protocol) has become a major player in the world of blockchain interoperability by providing robust Oracle solutions to protect interactions between multiple chains. Powered by CCIP, Ledgity Yield will be able to redefine the way digital assets, especially the RWA-backed LDY token, cross chains.
This integration simplifies transactions and allows more users to benefit from the Ledgity Yield service, boosting liquidity and entering new markets. Now XSwap has an interface to easily transfer LDY tokens between chains, so users instantly know WHAT they can do on XCross and HOW.
This allows us to get behind CCIP and less that it is ultimately the defender, but as we have seen their digital transition has depended on proven partners like CCIP to ensure the highest standards of security comfort, especially given the increasing complexity and scope of work that these customers continue to do. Doing. By protecting against vulnerabilities that DeFi exploits on a decentralized network-wide scale, Chainlink continuously monitors cross-chain operations through its protocol.
Improving the ecosystem: the impact on liquidity and security
Ledgity Yield’s strategic use of CCIP is about more than just a technical upgrade; it represents a new model for frictionless and secure digital financial transactions. Or perhaps the future is simpler: because the protocol can be made relatively agnostic to different blockchain settings, asset transfers are carried out securely, across chains, in a much less frictionless and costly manner.
This integration also addresses an important vulnerability in the management of RWAs. Ledgity uses Chainlink’s advanced infrastructure for Ledgity Yield to ensure that transferring real-world assets to blockchain platforms is protected from issues inherent in historical cross-chain operations.
These features that CCIP offers, such as fee caps and programmable token transfers, add the security feature and allow for greater control over transaction flows and asset management.
