Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is the industry standard for cross-chain digital asset and data transfer. Leading DeFi protocols and decentralized exchanges as well as traditional financial institutions are integrating CCIP to unlock new use cases and markets for tokenized assets with unique onchain utility.
Today, Linear Finance, a cross-chain compatible, delta-one asset protocol, announced it’s integrating CCIP across the BNB Chain and Ethereum mainnets. Linear is employing CCIP’s Arbitrary Messaging capabilities to enable cross-chain transfers of its governance token, LINA, which will allow users to stake LINA from multiple chains.
CCIP achieves the highest level of cross-chain security by utilizing Chainlink’s time-tested oracle infrastructure, which has enabled over $10.5 trillion in transaction value, and a separate Risk Management Network that independently monitors cross-chain functions for erroneous activity.
Linear has been leveraging Chainlink oracles to scale since integrating Chainlink Price Feeds in 2021. By selecting CCIP as its preferred interoperability solution, Linear can secure cross-chain LINA transfers without introducing any additional trust assumptions.
“We’re excited to integrate the industry-standard Chainlink CCIP to secure cross-chain transfers of LINA,” said Jason, Linear Finance’s Product Lead, in an official announcement. “By upgrading to CCIP, our cross-chain solution will have best-in-class security, seamlessly scale with our protocol, and support continuous updates.”
To learn more about Linear Finance, visit their website, X, Discord, Telegram, and GitHub.