Wisdomise Integrates Chainlink CCIP Across Arbitrum and Polygon Mainnets

Published on: 31.05.2024
Wisdomise Integrates Chainlink CCIP Across Arbitrum and Polygon Mainnets

Wisdomise has integrated Chainlink CCIP across the Polygon and Arbitrum mainnets.

This integration allows for seamless cross-chain transfers of the WSDM token, enabling users on other blockchain networks to interact with the Wisdomise protocol.

Wisdomise selected CCIP due to Chainlink’s proven track record of security and reliability in the Web3 space. CCIP’s additional security layer comes from the Risk Management Network, a separate system that monitors cross-chain operations for suspicious activity. This is especially important considering past industry exploits and the significant losses from insecure cross-chain bridges.

Wisdomise offers AI-powered wealth management solutions for both retail and institutional clients, aiming to grow on-chain finance. Their core AI, “Brain”, is designed to learn, predict, and execute orders.

Benefits of Chainlink CCIP for Wisdomise:

  • Time-tested Security: CCIP leverages Chainlink’s decentralized oracle networks, which have secured billions of dollars in smart contracts and facilitated over $11.5 trillion in on-chain transactions. CCIP offers additional security through the Risk Management Network and Smart Execution.
  • Secure Token Transfers: CCIP provides pre-built, audited token pool contracts that handle the complexities of cross-chain token transfers. These transfers also include security features like Rate Limits and a single CCIP interface for ecosystem partners to build new functionalities.
  • Programmable Token Transfers: CCIP messages can be programmed to combine token transfers with arbitrary data transfers in a single transaction. This allows for instructions to be sent regarding what to do with the tokens once they reach the destination chain.
  • Future-Proof Design: CCIP is built to continuously update, supporting new blockchains, advanced features, and additional security measures. This eliminates the need to switch providers if future cross-chain functionalities are required.

This integration follows Wisdomise’s participation in Chainlink BUILD, a program that provides access to Chainlink’s services and technical support.

About Wisdomise

Wisdomise is a comprehensive platform offering financial insights and investment tools for digital assets. They provide investors with unique insights and automated funds, and traders with proprietary tools for building AI-powered investment strategies. With offices in Switzerland, UAE, and Estonia, Wisdomise is a team of highly qualified scientists and engineers building a powerful AI “Brain” to assist investors and traders through a user-friendly interface. Wisdomise aims to be the leading Web3 AI provider within the next two years, leveraging a $6 trillion market opportunity.

Website | Twitter

About Chainlink

Chainlink is the leading decentralized oracle network powering the verifiable web. Chainlink allows financial institutions, startups, and developers to access real-world data, off-chain computations, and secure cross-chain interoperability across any blockchain. Chainlink underpins verifiable applications and high-integrity markets in various sectors like banking, DeFi, global trade, and gaming.

Website | Twitter

Source:
https://blog.celo.org/celo-integrates-the-industry-standard-chainlink-ccip-as-canonical-cross-chain-infrastructure-81fea5c7543e

 

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