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StaFi Protocol Integrates Chainlink CCIP

Twitter icon  •  Published 2 years ago on October 10, 2023  •  Hassan Maishera

Chainlink announced via X (formerly Twitter) on Monday that StaFi Protocol has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across the Ethereum, Arbitrum, and Polygon mainnets.

StaFi Protocol Integrates Chainlink CCIP

Chainlink announced via X (formerly Twitter) on Monday that StaFi Protocol has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across the Ethereum, Arbitrum, and Polygon mainnets. 

StaFi Protocol is leveraging CCIP’s arbitrary messaging functionality to help them build cross-chain asset rate synchronization, helping enable staking rates to be sent from Ethereum to Arbitrum and Polygon. They are also using Chainlink Automation to help securely and cost-efficiently trigger the RateSender contract on the Ethereum mainnet.

StaFi protocol is a liquid staking protocol for multiple POS blockchains. StaFi aims to solve the contradiction between Mainnet security and token liquidity in PoS consensus.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by 4% over the past 24 hours and is trading at $7.312 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.