As the standard for onchain finance, Chainlink’s comprehensive web3 services support a growing spectrum of top DeFi protocols such as Aave, GMX, and Lido alongside some of the world’s largest financial infrastructures and institutions such as Swift, ANZ, and Fidelity International.
Today, Puffer Finance, a liquid restaking protocol with over $140 million in TVL, announced it adopted the Chainlink standard for cross-chain interoperability and verifiable data.
Puffer Finance utilizes trust-minimized, modular architecture to maximize ETH staking rewards while safeguarding staker funds. The protocol integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across Ethereum and Soneium to power cross-chain transfers of its liquid restaking token, pufETH, while Chainlink Price Feeds deliver tamper-proof market data to support secure markets around pufETH on Ethereum.
As the standard for verifiable onchain data, Chainlink Price Feeds have 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 Cross-Chain Token (CCT) standard, which allows any ERC-20-compatible token to be turned into a CCT with additional security and reliability benefits like 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.
“Chainlink is the standard for secure cross-chain interoperability and verifiable data,” said Puffer Labs co-founder, Amir Forouzani, in an official announcement. “By adopting Chainlink CCIP and Price Feeds, we’re enhancing the security of Puffer Finance and positioning the protocol to gain significant adoption across DeFi.”
To learn more about Puffer Finance, visit their website, X, Telegram, Discord, and GitHub.