Chainlink CCIP Powers Ledgity Yield’s Cross-Chain LDY Transfers

Ledgity Yield, a stablecoin yield protocol underpinned by real-world assets, has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across Ethereum, Base, and Arbitrum. The CCIP integration will offer cross-chain transfers of the native LDY token, allowing users to stake the token easily from various chains. Stablecoin yield protocol Ledgity Yield has integrated Chainlink’s Cross-Chain Interoperability Protocol [...]

Chainlink CCIP Powers Ledgity Yield’s Cross-Chain LDY Transfers
Chainlink-LINK-logo-in-digital-style-with-black-background
  • Ledgity Yield, a stablecoin yield protocol underpinned by real-world assets, has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across Ethereum, Base, and Arbitrum.
  • The CCIP integration will offer cross-chain transfers of the native LDY token, allowing users to stake the token easily from various 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 its protocol as “now more accessible than ever,” and added that the partnership allows it to become “truly multi-chain, ensuring seamless transactions across different networks.”

Ledgity is designed to offer scalable and efficient yield solutions backed by real-world assets. It offers stablecoin yield protocol on an institutional-grade treasury management platform, bridging the gap between decentralized and legacy finance. It promises a 7% annual percentage rate (APR), which it obtains by allocating the collateralized portfolio of RWAs across hundreds of yield opportunities.

Ledgity has implemented CCIP across Ethereum and two of its most popular Layer 2s: Base and Arbitum. The protocol will allow its users to conduct cross-chain transfers of its LDY token from XSwap, its frontend interface. This will enable users to stake LDY from various chains. easily

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 finance 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 on the new integration, Ledgity revealed that it had selected Chainlink as it has “the most proven track record of maintaining the highest standard of security and reliability in the Web3 industry.”

CCIP’s time-tested 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 over $1.1 trillion in onchain value. The network’s Risk Management Network and Smart Execution features offer extra security.

Simplified and programmable token transfers were also critical in Ledgity’s decision. CCIP offers plug-and-play solutions with audited token pool contracts, with its messages being easily programmable, allowing users to transfer tokens and other arbitrary data in one 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 security standards possible when bringing real-world assets onchain, which makes Chainlink’s battle-tested and defense-in-depth infrastructure essential for the tokenized asset economy.

Meanwhile, LINK trades at $13.37, having lost just under 1% in the past day and 7% in the past week.


(Excluding for the Headline, this article ("story") has not been edited by MiBiz News and is published from a web feed or sourced from the Internet.)