Hassan Maishera
Chainlink announced via X on Monday that it has partnered with Symbiotic and Lombard Chainlink CCIP for cross-chain LBTC transfers. Symbiotic LINK and BARD vaults will back a Symbiotic-powered network designed to monitor and flag potential anomalies when LBTC is transferred cross-chain.
The vaults will serve as the foundation for a Symbiotic-powered network designed to engage in automated monitoring and alerting whenever LBTC is transferred cross-chain via CCIP. In the case of a discrepancy, the Symbiotic network comes to consensus and generates an alert that can be integrated into workflows.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down 3.7% over the past 24 hours and is trading at $23.49 at press time.
