Mantle Adopts the Chainlink Standard to Unlock a Secure Cross-Chain Ecosystem
12/03/243 min read
by Mantle
Developers
Ecosystem
Web3
At Mantle, we’re committed to providing our ecosystem developers with battle-tested infrastructure to create innovative decentralized applications that increase the capabilities and reach of Mantle. To reinforce this commitment, we’ve adopted Chainlink Cross-Chain Interoperability Protocol (CCIP).
“Mantle is a platform that encompasses so many of the creative solutions that we're seeing in our industry. The adoption of Chainlink CCIP is exciting as it represents a key step forward in driving innovation and expanding the multi-chain ecosystem. This enables Mantle to empower developers to create cutting-edge cross-chain applications and better advance the blockchain industry” said Johann Eid, Chief Business Officer at Chainlink Labs.
A Vision for Multi-Chain Growth
Chainlink has built one of the largest ecosystems in the blockchain industry and is recognized as the standard within capital markets. By integrating with Chainlink’s community and ecosystem, Mantle unlocks significant growth opportunities that align with our vision for ecosystem adoption and innovation.
Why Chainlink CCIP?
In order to further enhance cross-chain interoperability for our ecosystem, we needed access to a highly secure and reliable interoperability solution. After reviewing various solutions, we adopted Chainlink CCIP because it provides a multitude of important benefits and features, such as:
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Battle-tested security — CCIP’s consensus and interoperability layer is powered by Chainlink decentralized oracle networks, which have already secured tens of billions of dollars for smart contracts and enabled over $16 trillion in on-chain transaction value.
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Programmable Token Transfers — CCIP messages are programmable, meaning token transfers and arbitrary data transfers can be one atomic transaction. This enables instructions to be passed in the data payload regarding what to do with the tokens once they arrive at the destination chain.
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Secure Token Transfers — CCIP features a plug-and-play solution consisting of audited token pool contracts that handle the complexity of burning and minting or locking and unlocking tokens across chains. CCIP token transfers also have additional security features like rate limits, and enable ecosystem partners to easily build new capabilities around a supported token via a single CCIP interface.
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Arbitrary Messaging — CCIP enables the ability to send arbitrary data (encoded as bytes) to a receiving smart contract on a different blockchain. The developer is free to encode any data they wish to send. Typically, developers use arbitrary messaging to trigger an informed action on the receiving smart contract, such as rebalancing an index, minting a specific NFT, or calling an arbitrary function with the sent data as custom parameters. Developers can encode multiple instructions in a single message, enabling them to orchestrate complex, multi-step, multi-chain tasks.
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Extendable and future-proof — CCIP is built to support continuous updates, such as the integration of new blockchains, the introduction of advanced functionalities, and the addition of other defense-in-depth approaches to security. Thus, integrating CCIP eliminates future switching costs should new cross-chain functionalities be required.
"We are thrilled to adopt the Chainlink standard, CCIP further solidifies our commitment to delivering robust infrastructure for our ecosystem developers. This adoption enhances Mantle's cross-chain capabilities and strengthens our alignment with Chainlink's extensive ecosystem, propelling us toward increased adoption and an expanded multi-chain ecosystem" said Mark Veer, head of BD at Mantle.
About Chainlink
Chainlink is the universal platform for pioneering the future of global markets on-chain. Chainlink has enabled over $16 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.