StaFi Protocol Integrates Chainlink CCIP and Automation

Twitter icon  •  Published 2 weeks ago  •  Hassan Maishera

Chainlink announced via X on Thursday that StaFi Protocol has integrated Chainlink CCIP and Automation to help unlock secure and cost-efficient cross-chain liquid staking.

Chainlink announced via X on Thursday that StaFi Protocol has integrated Chainlink CCIP and Automation to help unlock secure and cost-efficient cross-chain liquid staking. The protocol uses Chainlink Automation to help securely and cost-efficiently trigger the RateSender contract on Ethereum. As a result, the most recent rates for rETH and rMATIC can be securely transmitted to Arbitrum and Polygon via CCIP.

StaFi also selected CCIP as their go-to interoperability solution because Chainlink has a proven track record of maintaining the highest standard of security and reliability in Web3.

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 $18.936 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.