Connecting StakeStone to the Chainlink ecosystem provides growth opportunities that support Vaultrcraft’s goals and drive adoption.
StakeStone has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enhance cross-chain functionality on networks like Arbitrum, Base, Ethereum, and Optimism. This integration enables users to stake ETH directly from layer-2 networks using Lido’s new Direct Staking rails, powered by CCIP.
The team explained that they chose Chainlink’s CCIP as their interoperability solution due to its unmatched security and reliability, as it is the only cross-chain solution with level-5 security. They added that CCIP is supported by the Risk Management Network, an independent system that monitors cross-chain operations for suspicious activity, adding a critical layer of protection. StakeStone wrote:
“We selected CCIP as our interoperability solution because Chainlink has a proven track record of maintaining the highest standard of security and reliability in the blockchain industry, with CCIP being the only interoperability solution achieving level-5 cross-chain security. Furthermore, CCIP is backed by the Risk Management Network — a separate, independent network that continually monitors and verifies cross-chain operations for suspicious activity.”
Enhanced Security and Cross-Chain Functionality with CCIP
CCIP’s consensus layer is powered by Chainlink’s Decentralized Oracle Network (DON), which has secured over $75 billion in DeFi TVL and facilitated over $16 trillion in on-chain transactions since 2022. CCIP transfers are validated by multiple DONs, along with a separate Risk Management Network that continuously monitors and checks CCIP activity.
StakeStone added that Chainlink’s CCIP allows tokens (via CCTs) to be transferred across chains and includes instructions for what happens to those tokens upon arrival. This cross-chain programmability simplifies complex actions involving multiple users, blockchains, and assets into one unified cross-chain instruction.
Additionally, CCIP is designed to support future upgrades, allowing for the integration of new blockchain networks, the addition of more tokens, and the inclusion of enhanced security measures over time.
Expanding the Chainlink Ecosystem across Major Blockchain Networks
StakeStone mentioned that Chainlink has created one of the largest ecosystems in blockchain, positioning it as a leading solution for blockchain connectivity in capital markets. Connecting StakeStone to the Chainlink ecosystem provides growth opportunities that support Vaultrcraft’s goals and drive adoption.
StakeStone’s CMO, Ivan K., expressed excitement about the company’s adoption of the Chainlink standard to enable secure and smooth L2 staking. Ivan noted that with Chainlink CCIP, StakeStone can now offer its users the ability to stake ETH directly from layer-2 networks. The CMO said:
“We’re excited to adopt the Chainlink standard to unlock L2 staking in a secure and seamless manner. Powered by Chainlink CCIP, StakeStone can now enable its users to stake ETH directly from layer-2 networks”
Several companies have adopted Chainlink’s Cross-Chain Interoperability Protocol. Recently, OKX announced its integration of the Chainlink standard to enable secure cross-chain interoperability, unlocking L2 staking across Arbitrum, Base, Ethereum, and Optimism. The platform uses LidoFinance’s Direct Staking rails, powered by CCIP, to allow users to stake ETH directly from layer-2 networks.
Additionally, Dexodus Finance has implemented the Chainlink standard for smart contract automation and low-latency market data on Base, while Micro3 has adopted it for verifiable market data on the Linea mainnet.
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