Stader Ethereum adds Chainlink CCIP for cross-chain transfers

Stader Ethereum recently announced the integration of Chainlink CCIP as its official cross-chain solution. The announcement was made on the X/Twitter account of Stader Ethereum.

The tweet read that the integration will allow Stader Ethereum to enjoy secure and seamless cross-chain ETHx transfers across Optimism, Ethereum, and Arbitrum. The collaboration has also boosted the market status of ETHx.

Stader boasts 400 million dollars in TVL (total value locked) on Ethereum. Although Ethereum is the base for ETHx, L2 solutions like Optimism and Arbitrum are gaining prevalence with their quick transactions and low-cost mechanisms.

With the cross-chain facility, ETHx will unlock a new realm of opportunities. The asset and its rewards will be available for users on the mentioned blockchains. However, that can only be unlocked using a reliable and safe cross-chain solution.

Stader considered several options, and Chainlink CCIP emerged as the ideal choice for the platform. CCIP’s security features and in-depth defense enable benefits like rate limits and top-notch management.

Furthermore, the node operator set that supports Chainlink Price Feeds also provides power to CCIP. Given that Chainlink Price Feeds is the tool of choice for DeFi ventures, CCIP is gaining traction as a platform option as well.

Above all, Stader understands that innovating in Web3 is not possible without a security-centric approach. Chainlink’s CCIP boasts unmatched cross-chain security, allowing Stader to offer ETHx users peace of mind as they chase rewards across different Layer 2 ecosystems.

It has only been two weeks since Stader announced an upcoming collaboration with Ledger that enthralled the community. Although there have been no official announcements regarding the partnership, the Stader community highly anticipates it.

With Chainlink joining the list, Stader looks to be en route to elevating its status in the DeFi and Web3 markets.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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