The Chainlink Build program fosters promising early-stage startups and established projects in Chainlink’s ecosystem. Participants receive benefits including enhanced access to essential Chainlink infrastructure, new product alpha and beta releases, and technical support, in exchange for paying fees that incentivize Chainlink service providers, boost the network’s cryptoeconomic security, and advance the web3 industry as a whole.
This week, Xitadel, a web3 protocol for liquid treasury tokens (LTTs) on Solana, announced it’s joining the Build program as well as Build on Solana, a joint initiative accelerating web3 projects committed to building on Solana using Chainlink. As a member of Build, Xitadel will integrate Chainlink Price Feeds to help calculate the net value of collateral needed to secure real-time liquidations, as well as Cross-Chain Interoperability Protocol (CCIP) for multi-chain support.
Built on Solana’s high-performance network, Xitadel is the first blockchain-native platform designed to close the post-TGE funding gap by allowing web3 companies to unlock idle treasury assets through issuance of overcollateralized LTTs, which give investors access to secure fixed-income opportunities without dilution.
As the standard for onchain finance, Chainlink has enabled over $25 trillion in transaction value and provides key oracle services for a spectrum of stablecoins and tokenized real-world assets (RWAs) like LTTs throughout the growing onchain economy.
“The Chainlink standard will significantly strengthen Xitadel’s security and reliability, enabling us to build more scalable Liquid Treasury Tokens (LTTs) on Solana,” said Xitadel co-founder Ryot, in an official announcement. “In addition, aligning our project with the extensive Chainlink and Solana communities through Build on Solana will help drive the growth and adoption of Xitadel.”
To learn more about Xitadel, visit their website, X, and Discord.