During EthCC in July, Chainlink launched its global cross-chain communication standard, Cross-Chain Interoperability Protocol (CCIP), on the Ethereum, Optimism, Polygon, and Avalanche blockchains as well as multiple testnets. Top DeFi protocols Synthetix and Aave were among the first to integrate CCIP to power use cases for cross-chain smart contracts.
Today, Lekker Finance, a DeFi protocol that simplifies access to secure leveraged positions, announced it’s integrating CCIP to facilitate cross-chain token transfers and governance.
In April, Lekker joined the Chainlink BUILD program to expand its ecosystem through priority access to Chainlink’s essential web3 infrastructure. “The access to Chainlink’s new product alpha/beta releases and technical support will enable us to enhance the security and reliability of unique features of the Lekker Protocol,” Lekker’s founder, Peter Prado, told Chainlink Today.
Lekker utilizes liquidity from established lending protocols to back tokenized positions that offer users the benefits of leverage without the complexities of traditional margin trading. Prado said Lekker’s goal is to expand DeFi’s reach by creating better user experiences secured by Chainlink’s decentralized infrastructure.
“DeFi will continue to revolutionize the industry, and it needs to be accessible to everyone,” he said. “As more users enter the ecosystem, the demand for secure and reliable DeFi products will only increase, making Chainlink’s services even more critical for ensuring the integrity of the entire ecosystem.”
Lekker integrated CCIP across Ethereum and L2s including the Arbitrum and Base testnets to enable cross-chain token transfers and boost decentralization through cross-chain governance. An official announcement outlined plans to integrate CCIP across additional networks early next year, with Prado calling CCIP a “must” for Lekker’s continued cross-chain expansion.
“Because security is paramount for us, selecting Chainlink’s cross-chain solution will strengthen Lekker’s ability to offer a more secure and great user experience,” he said.
To learn more about Lekker Finance, visit their website, Twitter, and blog.