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Parallel Finance Integrates Chainlink CCIP To Unlock Gas-Efficient NFT Lending

Twitter icon  •  Published 1 year ago on December 15, 2023  •  Hassan Maishera

Chainlink announced via X (formerly Twitter) on Thursday that Parallel Finance has integrated Chainlink CCIP  across the Avalanche and Ethereum mainnets.

Parallel Finance Integrates Chainlink CCIP To Unlock Gas-Efficient NFT Lending

Chainlink announced via X (formerly Twitter) on Thursday that Parallel Finance has integrated Chainlink CCIP  across the Avalanche and Ethereum mainnets. Parallel Finance is a full-stack Ethereum L2 with native yield, lending, staking, trading, and more in one place

Parallel Finance is leveraging CCIP’s arbitrary messaging functionality to build gas-efficient NFT lending by passing data from Chainlink NFT Floor Price Feeds from Ethereum to Avalanche using CCIP. 

The team explained that  CCIP offers a unified cross-chain developer experience by providing a single, easy-to-integrate interface. Developers only need to integrate the CCIP Router onchain to start building secure cross-chain applications.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by 1% over the past 24 hours and is trading at $14.970 at press time.

 

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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