Stader Integrates Chainlink CCIP and Price Feeds To Power Cross-Chain Liquid Staking

We’re excited to announce the integration of Chainlink CCIP — the industry standard for secure cross-chain interoperability — across the Ethereum and Arbitrum mainnets. We’re leveraging CCIP’s Simplified Token Transfer capabilities to facilitate cross-chain transfers of ETHx, enabling a more seamless and secure cross-chain experience for Stader users. Stader is also sponsoring the ETHx/ETH Chainlink Price Feed on Ethereum to enable broader ETHx adoption across DeFi.

We have selected CCIP as our preferred interoperability solution because Chainlink has the most proven track record of maintaining the highest standard of security and reliability in the Web3 industry. Furthermore, CCIP is backed by the Risk Management Network — a separate, independent network that continually monitors and verifies cross-chain operations for suspicious activity.

After reviewing various solutions, we integrated Chainlink CCIP because it provides a multitude of important benefits and features, such as:

• Time-tested security and reliability — CCIP’s consensus and interoperability layer is powered by Chainlink decentralized oracle networks, which have already secured tens of billions of dollars for smart contracts and enabled over $9 trillion in onchain transaction value. CCIP also features additional layers of protection and reliability via the Risk Management Network and Smart Execution.
• Secure Token Transfers — CCIP features a plug-and-play solution consisting of audited token pool contracts that handle the complexity of burning and minting or locking and minting tokens across chains. CCIP Token Transfers also have additional security features like Rate Limits, and enable ecosystem partners to easily build new capabilities around ETHx via a single CCIP interface.
• Programmable Token Transfers — CCIP messages are programmable, meaning ETHx transfers and arbitrary data transfers can be one atomic transaction. This enables instructions to be passed in the data payload regarding what to do with the ETHx tokens once they arrive at the destination chain.
• Future-proof — CCIP is built to support continuous updates, such as the integration of new blockchains, the introduction of advanced functionalities, and the addition of other defense-in-depth approaches to security. Thus, integrating CCIP eliminates future switching costs should new cross-chain functionalities be required.

“We’re excited to integrate the industry-standard Chainlink CCIP to help secure cross-chain transfers of ETHx. By leveraging CCIP’s level-5 security and advanced risk management infrastructure, we can help increase the adoption of ETHx across DeFi.” — Amitej Gajjala, Co-Founder of Stader Labs

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $10 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.