The post Chainlink CCIP Integration Enables Cross-Chain WECO Transfers for Weset appeared on BitcoinEthereumNews.com.

Weset integrates Chainlink CCIP to enable cross-chain transfers of its WECO token between BNB Chain and Ethereum. The integration increases liquidity, enhances user experience, and simplifies Weset’s infrastructure. Weset, a platform specializing in tokenizing real-world assets, has announced the integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across the BNB Chain and Ethereum mainnets.  Tokenized RWA platform @WESET_io has integrated #Chainlink CCIP across @BNBCHAIN and @ethereum to enable cross-chain transfers of its native token. How CCIP unlocks cross-chain WECO transfers ↓ — Chainlink (@chainlink) June 6, 2024 The integration of Chainlink CCIP aims to increase liquidity by unlocking new liquidity pools on Ethereum. This benefits Weset users by potentially offering better exchange rates and deeper markets for WECO. According to the announcement, users can now effortlessly bridge their WECO tokens between the BNB Chain and Ethereum, accessing their preferred decentralized finance (DeFi) platforms. By facilitating cross-chain transfers, Weset simplifies its infrastructure, streamlining the bridging process and providing a standardized solution for WECO transfers. This integration supports Weset’s goal of making real-world asset tokenization more accessible and efficient. Weset’s choice of Chainlink CCIP stems from Chainlink’s established reputation for security and reliability in the Web3 space. The platform previously integrated Chainlink Automation to streamline payouts for its real-world asset (RWA) tokens.  Chainlink’s decentralized oracle networks secure billions of dollars in smart contract value, providing a trustworthy foundation for Weset’s cross-chain operations. CCIP’s pre-built, audited token pool contracts manage the complexities of cross-chain transfers, with additional security measures such as rate limits ensuring smooth integration with existing DeFi ecosystems. Future-Proofing Cross-Chain Capabilities CCIP’s programmable token transfer feature allows for advanced functionalities, enabling specific instructions to be attached to WECO tokens for execution on the destination chain. This flexibility supports Weset’s vision of expanding its cross-chain capabilities and future-proofing its infrastructure. The integration with…

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Filed under: News - @ June 9, 2024 11:14 pm