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Stake DAO Integrates Chainlink CCIP To Secure Cross-Chain SDT Transfers

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is the industry standard for facilitating 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.

This week, Stake DAO, a non-custodial liquid staking platform focused on governance tokens, announced its integration of CCIP across the Arbitrum, BNB Chain, and Ethereum mainnets. Stake DAO is employing CCIP’s Simplified Token Transfer capabilities, including lock-and-mint and burn-and-mint mechanisms, to facilitate cross-chain transfers of its governance token, SDT. 

Simplified Token Transfer is a plug-and-play solution using audited token pool contracts to enhance the security, composability, and cross-chain capabilities of a protocol’s native token. Protocols retain full control of token pool contracts while leveraging CCIP’s advanced security features without the need to write custom code or build their own infrastructure.

CCIP achieves the highest level of cross-chain security by utilizing Chainlink’s time-tested oracle infrastructure, which has enabled over $10 trillion in transaction value, and a separate Risk Management Network that independently monitors cross-chain functions for erroneous activity.

Going cross-chain with CCIP allows Stake DAO to make its ecosystem accessible to more users across multiple chains as well as introduce more features to its Liquid Lockers – smart contracts in which users stake SDT to earn incentives.  

In an official announcement, Stake DAO Association Executive Hubert said, “We are excited to see Stake DAO integrating the industry standard Chainlink CCIP to power cross-chain transfers of SDT. By making SDT transfers seamless and secure, users across the many chains can more easily participate in the Stake DAO ecosystem.”

To learn more about Stake DAO, visit their website, X, Telegram, Discord, and Medium.

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