Svetlin Konsulov
@svetlink
🔍 LlamaRisk published a deep dive on how @Chainlink’s CCIP integrates with @Aave to enable cross-chain expansion of $GHO. Starting with @Arbitrum, CCIP securely moves $GHO across chains.
What is CCIP? 🌐
CCIP (Cross-Chain Interoperability Protocol) allows seamless data/token transfers across chains, expanding $GHO beyond Ethereum.
How does CCIP work?
- 🔒 Lock & Mint: Tokens locked on one chain, minted on another.
- 🔥Burn & Mint: Burn on source, mint on destination.
- 🤖Programmable Transfers: Trigger complex actions.
Security? ✅
CCIP uses decentralized oracles, risk management nodes, and rate limits to ensure safe transfers.
$GHO on CCIP:
- $GHO uses Lock & Mint, starting with Ethereum & Arbitrum.
- Bridges ensure $GHO is backed across chains.
- Aave custom mods: Token pools, bridge limits, DAO control.
Adoption? 📈
Since launch, 4.8M $GHO has been bridged to Arbitrum, with a current cap of 20M.
Full report link 🔗
https://www.llamarisk.com/research/explainer-series-ccip 0 reply
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