- Puffer Finance cooperates with Chainlink, a leader in decentralized Oracle Solutions, to integrate Chainlink’s interoperability protocol into his system.
- This collaboration is intended to improve security and enable users to seamlessly send tokens over different block chains.
Puffer Finance, a liquid repair protocol, has integrated Chainlink’s advanced standards to stimulate its ecosystem -based ecosystem. This adoption includes Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for safe cross-chain activities and chain link price fairs for reliable data about Ethereum.
With the liquid recovery protocol, users can use ETH through the puffer -that Mints Pubeth, his liquid repaired token (LRT). In contrast to traditional deployment, which locks assets and limits flexibility, this protocol enables users to maintain exposure to stake rewards and at the same time use their assets in various Defi applications. The possibility of using Pufeth over multiple chains, however, creates a need for safe cross-chain transfers, which is being tackled by the interoperability protocol of Chainlink.
Why Chainlink is essential for Puffer
The CCIP from Chainlink has become an important solution for projects aimed at making cross-chain transactions in the Defi room possible. An important feature of CCIP is that continuous service supports zero downtime. This “always-on” infrastructure guarantees that cross-chain transactions are performed reliably every time, giving users of peace of mind and trust in the uninterrupted functionality of their services.
CCIP facilitates the secure token transfer between several block chains Cross-chain tokens (CCTs). CCTs are logical agnostic. That is why they enable developers to convert each ERC20 compatible token into a CCT using pre-wrapped token pool contracts. This flexibility enables developers to implement adapted token pool contracts that are tailored to specific use cases, all without taking CCIP-specific code in the smart contracts of their tokens. In addition, CCIP’s token pools are supplied with built-in security functions such as configurable tariff limits and smart implementation, which ensures reliable transaction version, even during periods of network congestion.
The security of CCIP is further enhanced by Chainlink’s Decentralized Oracle Networks (DONs), which have a proven state of service to offer extra layers of reliability and resilience. These networks have locked more than $ 75 billion in the total value (TVL) and since 2022 facilitates more than $ 20 trillion in chain transaction value, so that transactions driven by CCIP are not only fast but also safe.
Amir Forouzani, co-founder of Puffer Labs, emphasized the importance of the integration of the CCIP of Chainlink and stated: “Chainlink is the standard for safe interoperability of the cross-chain and verifiable data. Through chainlink CCIP and PAFFIODERS OF PROPLEMOST we improve the protocol of Puffinancing and and and and and and En and and En and and En and and En and and En and and and and En and and and and and and En and and and and and and Entering the Puffing. a significant adoption. “
Puffer Finance is not the only one who recognizes the value of Chainlink’s solutions. PayPal recently expanded his cryptocurrency services by offering it Support for Chainlink (link) To American customers. In addition, Chainlink has launched payment abstraction on Mainstet, which is aimed at solving problems with the service payment in the decentralized ecosystem. According to a CNF reportThis new function streamlines payment integration in blockchain networks, reducing operational obstacles and expanding opportunities for strikers.
Despite these developments, Link has confronted with a few market challenges, dropped 4.71% in the last 24 hours and 17.26% In the past week to act at $ 12.89 now.
