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Qi DAO Protocol Integrates Chainlink CCIP

Twitter icon  •  Published il y a 8 mois  •  Hassan Maishera

Chainlink announced via Twitter on Friday that the stablecoin protocol, Qi DAO Protocol, has integrated Chainlink’s Cross-Chain Interoperability Protocol.

Chainlink announced via Twitter on Friday that the stablecoin protocol, Qi DAO Protocol, has integrated Chainlink’s Cross-Chain Interoperability Protocol. The team said the tool will help projects create robust, anti-fragile systems across multiple chains.

CCIP will ensure that developers have an easy-to-implement messaging layer for project operations. This can include automating the execution of onchain votes from various chains and intra-protocol interactions.

QiDao will use the CCIP to automate the management of key aspects of its protocol, such as debt ceilings, vault incentives, liquidity mining, and risk parameter updates.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by 1% over the past 24 hours and is trading at $7.155 at press time.

Author

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.