Swell to Integrate Chainlink CCIP

Mische Martinete — Wed, 06 Dec 2023 03:51:26 +0000

Swell to integrate Chainlink CCIP for secure cross-chain swETH transfers. The integration will build on a longstanding collaboration between Swell and Chainlink.

Swell Integrates with Chainlink’s Cross-Chain Interoperability Protocol (CCIP)

Swell has made an exciting announcement: their integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This protocol is an industry standard for secure cross-chain interoperability. With this integration, Swell will be able to facilitate cross-chain transfers of its liquid staking token, swETH, between Ethereum and Arbitrum. By shifting to Chainlink CCIP’s Simplified Token Transfers, Swell Network has improved its cross-chain token transfer mechanism to a more secure, reliable, and scalable solution.

Why CCIP is Swell’s Chosen Interoperability Solution

The Swell Network opted for CCIP as its preferred interoperability solution. Chainlink’s unrivaled reputation for maintaining top-of-the-line security and reliability in the Web3 industry. Additionally, CCIP is supported by the Risk Management Network, an independent network that continuously examines and verifies cross-chain operations for any signs of suspicious activity.

Enhanced Security Through Integration with Chainlink’s Innovations

In light of the significant industry breaches and the loss of billions of dollars in user funds due to unreliable cross-chain infrastructure, an additional layer of security has become more critical than ever. As a result, Swell has incorporated various Chainlink advancements to safely extend the boundaries of liquid staking. One of the most prominent of these advancements is the Chainlink Proof of Reserve. It provides superior monitoring solutions for the ETH reserves that underpin swETH. This integration represents a continued, long-term partnership between the two companies.

Chainlink CCIP provides a multitude of important benefits and features, such as:

Defense-in-depth security — CCIP’s consensus and transport layer is powered by Chainlink decentralized oracle networks. It has secured tens of billions of dollars for smart contracts and enabled over $8 trillion in on-chain transaction value. CCIP also includes additional layers of protection via the ARM Network, transfer rate limits, and the Smart Execution of transactions.
Simplified token transfers — Seamlessly scale your user base and benefit from enhanced token composability by securely transferring tokens across chains in a fraction of the time it would take to build a custom solution. In addition to providing fully audited token pool smart contracts. The CCIP token transfers have additional security features, such as rate limits that allow you to cap the value transferred over a given time interval.
Effortless integration and scalability — CCIP eliminates the need to write custom code when building chain-specific integrations.
Flexible and programmable — CCIP messages are programmable, meaning token transfers and smart contract calls can be one atomic transaction. CCIP also supports multiple token handling mechanisms on source and destination chains. For example, mint and burn and lock and unlock to open up a wider range of use cases.
Future-proof — CCIP is built to support continuous updates. The integration of new blockchains (including non-EVM chains), the introduction of advanced functionalities, and the addition of other defense-in-depth approaches to security. Thus, an integration with CCIP eliminates future switching costs should new cross-chain functionalities be needed.

“We’re excited to continue our longstanding collaboration with Chainlink. At Swell, the community is excited to be integrating the most secure, reliable, and scalable cross-chain solution, Chainlink CCIP. By underpinning our liquid staking protocol, CCIP can help accelerate the adoption of swETH across the wider cross-chain economy.” — Daniel Dizon, Founder

LI.FI integrates with Swell

Mische Martinete — Fri, 17 Nov 2023 16:12:03 +0000

LI.FI integrates with Swell Network, a non-custodial ETH liquid staking protocol, and has integrated LI.FI’s zap feature! With the integration, users can zap any asset they have on Ethereum to receive SWETH and start earning staking yield.

Improved User Experience: Swapping to SWETH Made Easy with LI.FI’s DEX Integration

Swell users no longer have to exit the platform to find a DEX for swETH swapping. By utilizing LI.FI’s stack of seven leading DEXs on Ethereum, users can now make the switch to swETH conveniently and at the best possible rate.

Introducing Swell: The Future of Decentralized Finance

Swell is a non-custodial liquid staking protocol that is committed to creating the greatest liquid staking experience, making DeFi more accessible, and securing the future of Ethereum. Swell enables users to earn passive income by staking ETH, which earns blockchain rewards, and a yield-bearing LST, which can be held or used in the wider DeFi ecosystem to earn additional yield.

The Swell Labs was founded to create a liquid staking protocol. It enables Ethereum (ETH) holders to earn staking income without being restricted by capital requirements. Swell’s vision is to establish a more secure, decentralized, and transparent financial future that promotes economic freedom without bias or censorship.

Introducing LI.FI: The Ultimate DEX Aggregator and Bridge with Unmatched Smart Routing Features

Are you looking for a state-of-the-art bridge and DEX aggregator that can help you transfer your asset from one chain to another? Look no further than LI.FI. Its platform boasts smart routing capabilities. It can search for the most optimal route to move your asset from one chain to another. They support 13 bridges across 15+ EVM-compatible chains. It includes all DEX aggregators and DEXs on those chains, within a single solution that is available as an SDK, Widget, or API.

Making Web3 Accessible to the Masses: LI.FI Solution

LI.FI team is committed to making Web3 accessible. Not only to the next million users but also to the next million developers who will build on it. They have developed an SDK that serves as the ultimate cross-chain money lego, providing dApps with the ability to build on top of it or integrate it into their platforms.