As the standard for onchain finance, verifiable data, and cross-chain interoperability, Chainlink’s comprehensive web3 services support a growing spectrum of tokenized real-world asset (RWA) and stablecoin issuers, including leading DeFi protocols such as Paxos and StablR, as well as some of the world’s largest financial institutions such as ANZ and Fidelity International.
This week, Elixir, a decentralized network designed to bring institutional liquidity onchain, integrated Chainlink Price Feeds and Cross-Chain Interoperability Protocol (CCIP) to enhance the security and utility of its fully collateralized, yield-bearing synthetic dollar, deUSD.
Secured by over 30,000 global validators and with $180M+ in TVL, Elixir is the most widely adopted network for RWAs, bringing funds from major asset managers including BlackRock, Hamilton Lane, and Apollo to DeFi through deUSD, which allows institutions to access DeFi without altering their asset exposure.
Chainlink Price Feeds support secure markets around deUSD on Avalanche, Arbitrum, Ethereum, Optimism, and Polygon. Elixir now uses CCIP to power cross-chain transfers of deUSD across Avalanche and Ethereum, with plans to upgrade its remaining bridging routes to CCIP in the future.
Chainlink Price Feeds have reliably enabled over $20 trillion in transaction value, even during volatile market conditions and adverse events such as flash loan attacks. CCIP recruits the same battle-tested Chainlink oracles to achieve the highest level of cross-chain security reinforced by a separate Risk Management Network that independently monitors transactions for suspicious or erroneous activity.
CCIP’s many benefits include the Cross-Chain Token (CCT) standard, which allows any ERC-20-compatible token to be turned into a CCT with additional security and reliability benefits including configurable rate limits; Programmable Token Transfers, which condense complex multi-chain initiatives into atomic transactions; and Smart Execution, which ensures reliable transactions even during network congestion.
“By adopting the Chainlink standard for cross-chain interoperability, we’re ensuring that deUSD can be transferred seamlessly across leading blockchains with the highest levels of security and reliability as a CCT,” said Elixir co-founder, Philip Forte, in an official announcement.
“Chainlink’s proven track record and deep integration within capital markets make it the clear choice for cross-chain connectivity. Additionally, upgrading to Chainlink Price Feeds provides the tamper-proof data needed to support secure markets around deUSD and further drive its adoption.”
To learn more about Elixir, visit their website, X, Telegram, and Discord.