RWA-Backed Stablecoin Yield Protocol Ledgity Yield Integrates Chainlink\'s CCIP to Enable Cross-Chain LDY Transfers

Stablecoin yield protocol Ledgity Yield has integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP) to offer cross-chain transfers of its native token, LDY.

Stablecoin yield protocol Ledgity Yield has announced a partnership with Chainlink to integrate its Cross-Chain Interoperability Protocol (CCIP). This integration will enable cross-chain transfers of LDY, Ledgity’s native token.

Announcing the partnership, Ledgity stated that its protocol is “now more accessible than ever,” and that the partnership will allow it to become “truly multi-chain, ensuring seamless transactions across different networks.”

Ledgity Yield is a decentralized protocol that offers scalable and efficient yield solutions backed by real-world assets (RWAs). It provides a stablecoin yield protocol on an institutional-grade treasury management platform, bridging the gap between decentralized and legacy finance. Ledgity Yield offers a 7% annual percentage rate (APR), which it achieves by allocating its collateralized portfolio of RWAs across hundreds of yield opportunities.

Ledgity has implemented CCIP across Ethereum and two of its most popular Layer 2s: Base and Arbitum. The protocol will enable its users to perform cross-chain transfers of LDY from XSwap, its frontend interface. This will allow users to stake LDY from multiple chains easily.

According to Ledgity:

"By enabling seamless cross-chain interoperability through CCIP, Ledgity Yield can increase liquidity and unlock greater access to new market opportunities for both individuals and protocols through LDY’s RWA-backed yield."

Chainlink's CCIP Sets the Standard

Chainlink has been setting the standard with its services, which connect the traditional finance market with the emerging DeFi. As reported by Crypto News Flash, zenGate, the DTCC, and dlcBTC are among the latest to integrate Chainlink solutions.

In its blog post on the new integration, Ledgity revealed that it chose Chainlink because it has “the most proven track record of maintaining the highest standard of security and reliability in the Web3 industry.”

The time-tested security and reliability of CCIP were key factors in Ledgity's decision. Chainlink's oracles have secured billions of dollars in smart contracts and facilitated the transfer of over $1.1 trillion in onchain value. The network's Risk Management Network and Smart Execution features provide additional layers of protection.

Simplified and programmable token transfers were also crucial in Ledgity's decision. CCIP offers plug-and-play solutions with audited token pool contracts, and its messages are easily programmable, allowing users to transfer tokens and other arbitrary data in a single atomic transaction.

Commenting on the integration, Pierre Yves, CEO of Ledgity, expressed his project's enthusiasm for the future, stating:

"We must maintain the highest security standards possible when bringing real-world assets onchain, which makes Chainlink’s battle-tested and defense-in-depth infrastructure essential for the tokenized asset economy."

At the time of writing, LINK is trading at $13.37, having lost just under 1% in the past day and 7% in the past week.

News source：https://www.kdj.com/cryptocurrencies-news/articles/rwa-stablecoin-yield-protocol-ledgity-yield-integrates-chainlink-ccip-enable-crosschain-ldy-transfers.html

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