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Tensorplex Stake Unlocks Cross-Chain Liquid Staking With Chainlink CCIP

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, Tensorplex Stake, a liquid staking solution for decentralized AI network tokens, announced its CCIP integration across the Arbitrum, Base, Ethereum, and Optimism mainnets. Tensorplex Stake is the inaugural product of Tensorplex Labs, a web3 startup developing capital and intelligence infrastructure that promotes the growth of open, decentralized AI networks such as Bittensor.

Tensorplex Stake is leveraging CCIP’s Simplified Token Transfer capabilities to facilitate cross-chain transfers of stTAO, a liquid staking token that allows users to participate in Bittensor’s TAO ecosystem without needing to download a Substrate-compatible wallet and delegating manually.

Tensorplex Stake chose CCIP as its cross-chain solution because it 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.

“We’re excited to integrate the industry-standard Chainlink CCIP to help secure cross-chain transfers of stTAO,” said Tensorplex Labs co-founder CK Cheung in an official announcement. “By leveraging CCIP’s advanced security features and battle-tested infrastructure, we can streamline the use of stTAO across the multi-chain ecosystem.”

To learn more about Tensorplex Labs, visit their website, X, Telegram, and Discord.

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