DeFi

🔍 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 🔗

🔍 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