CCIP is secured by battle-tested Chainlink infrastructure
that has enabled over $12 trillion in
transaction value
SAN
FRANCISCO, June 19,
2024 /PRNewswire/ -- Mode, the Ethereum L2
that rewards users for growing the network via new economic
mechanisms, and Chainlink, the industry-standard
decentralized computing platform, announced today that
Chainlink CCIP is now live on Mode as the canonical cross-chain
infrastructure. Chainlink's industry-standard interoperability
solution provides the Mode ecosystem with unparalleled levels of
cross-chain security, along with access to Programmable Token
Transfers and cross-chain Arbitrary Messaging, supporting a wide
range of DeFi and RWA use cases and applications.
Mode is a modular DeFi layer 2 with the goal of
empowering developers and users to grow an ecosystem of world-class
applications and be rewarded for their contribution. Mode builds
new onchain economic systems to enable developers to scale their
applications and provide higher rewards for users. If you have ever
deployed to an EVM chain you can deploy to Mode quickly and
easily.
"Choosing the only interoperability solution with level-5
security as canonical cross-chain infrastructure can accelerate the
long-term growth and adoption of Mode," said James Ross, Core Contributor at Mode. "We're
thrilled to integrate Chainlink CCIP to enable Mode to securely
interoperate across the multi-chain ecosystem and provide Mode
developers the ability to leverage CCIP's advanced features in a
single, future-proof integration."
CCIP is supported by battle-tested Chainlink infrastructure that
has enabled over $12 trillion in
transaction value, all while maintaining the highest levels of
security and reliability. CCIP achieves the fifth and highest level
of cross-chain security.
"We're excited that Mode has chosen to natively integrate
Chainlink CCIP as its canonical cross-chain infrastructure," said
Johann Eid, Chief Business Officer
at Chainlink Labs. "Supported by CCIP's defense-in-depth security,
Mode can provide a more seamless developer and user experience in
its ecosystem while helping to accelerate the adoption of its
layer-2 network. CCIP is the only interoperability protocol with
level-5 cross-chain security."
Playing a key role in CCIP's security is the Risk Management
Network—a separate, independent network that continually monitors
and verifies cross-chain operations for erroneous activity. This
defense-in-depth approach is mission-critical for supporting a
secure, interoperable ecosystem as over $2.8
billion has historically been exploited due to unsecure and
unreliable cross-chain infrastructure.
About Chainlink
Chainlink is the industry-standard
decentralized computing platform powering the
verifiable web. Chainlink has enabled over $12 trillion in transaction value by providing
financial institutions, startups, and developers worldwide with
access to real-world data, offchain computation, and secure
cross-chain interoperability across any blockchain. Chainlink
powers verifiable applications and high-integrity markets for
banking, DeFi, global trade, gaming, and other major
sectors.
Learn more about Chainlink by visiting chain.link or
reading the developer documentation at docs.chain.link.
About Mode
Mode is the Modular DeFi
Ethereum L2, part of the Superchain. Building new
onchain economic systems alongside Optimism, EigenLayer,
Ethena and numerous restaking protocols.
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SOURCE Mode and Chainlink