Corn Integrates Chainlink’s CCIP for Bitcoin-Focused DeFi Applications
Corn, focused on Bitcoin-based decentralized finance (BTCFi), has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for secure Bitcoin asset transfers across blockchains. This integration supports development of secure DeFi applications and cross-chain token transfers via Corn's layer-2 solution.
Key Points
- CCIP enables secure token transfers and allows sending arbitrary data between different blockchains
- Supports various use cases including cross-chain NFT transfers and lending
- Designed to be flexible and scalable, with future updates planned for wider blockchain and token support
- Facilitates next-generation DeFi solutions centered around Bitcoin
Thodoris Karakostas from Chainlink Labs expressed excitement about the integration, emphasizing its importance for BTCFi innovation.
Chainlink Expansion
- Corn's adoption adds to Chainlink's growing list of integrations across multiple blockchains
- Recently added 10 new integrations across 5 services, including Arbitrum and Solana
- Launched Chainlink DeFi Yield Index to consolidate DeFi lending rates
The price of Chainlink's native token has decreased by over 3% in 24 hours, currently trading at $18.61, with a trading volume drop of over 35% in the same period.