Every single interop competitor is BTFO on this one.
Wormhole and Axelar got removed from the single bridge they were jointly being used on.
LayerZero not chosen again for another monster integration.
Chainlink is RUNNING THE TABLE on EVERYTHING. Tradfi. DeFi. All of it.
Lido, the leading liquid staking protocol and one of the largest DeFi protocols with $28B+ TVL, is upgrading to Chainlink CCIP as the official cross-chain infrastructure for wstETH, across all chains.
With this upgrade, all cross-chain transfers of @LidoFinance's Wrapped Staked Ether (wstETH), the largest LST in the industry, will be secured by Chainlink CCIP by leveraging the Cross-Chain Token (CCT) standard.
Work is ongoing to upgrade wstETH across all 16 existing chains the token is currently deployed on. In addition, early expansions are already happening across @Plasma, @monad, @inkonchain, @0G_labs, and @Ronin_Network via CCIP.
This upgrade builds on Lido’s existing use of the Chainlink platform, including secure Data Feeds that facilitate the adoption of stETH/wstETH across DeFi and CCIP-powered Direct Staking rails that enables users to stake ETH directly from other networks and receive wstETH.
By upgrading to CCIP, the interoperability standard chosen by the world's largest financial institutions and leading DeFi protocols, Lido is enhancing the security, interoperability, and composability of wstETH across the multi-chain ecosystem, driving new opportunities for wstETH holders and DeFi protocols alike.
10.52K
253
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.