Truflation are pleased to announce Truflation integrated Chainlink CCIP, the industry standard for secure cross-chain interoperability, across the Arbitrum, Base, and Ethereum mainnets.
They are leveraging CCIP’s Simplified Token Transfer capabilities “to facilitate cross-chain transfers of our native token TRUF, enabling cross-chain payments for node operators and data consumers.”
Truflation says that they “selected CCIP as their preferred interoperability solution because Chainlink has the most proven track record of maintaining the highest standard of security and reliability in the Web3 industry.”
Furthermore, CCIP is backed “by the Risk Management Network — a separate, independent network that continually monitors and verifies cross-chain operations for suspicious activity.”
This additional layer of security is particularly important “given historical industry exploits and the billions in user funds lost due to insecure and unreliable cross-chain infrastructure.”
At Truflation, their core is “verifiable” truth.
They enable lightning-fast access “to real-world economic data.”
The TRUF token ensures “that every data point originates from credible sources, undergoes rigorous verification, and becomes publicly accessible.”
Their mission is to “establish a new standard of transparency and trust in financial information.”
In order to help secure cross-chain TRUF transfers, they needed “access to a highly secure and reliable interoperability solution.”
After reviewing various solutions, they have integrated Chainlink CCIP “because it provides a multitude of important benefits and features,” such as:
- Time-tested security and reliability—CCIP’s consensus and interoperability layer is powered by Chainlink’s decentralized oracle networks, which have already secured tens of billions of dollars for smart contracts and enabled over $10 trillion in onchain transaction value. CCIP also features additional layers of protection and reliability via the Risk Management Network and Smart Execution.
- 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 minting 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.
- 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.
- 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.
Stefan Rust, CEO, Truflation said:
“We’re thrilled to integrate Chainlink CCIP to underpin cross-chain TRUF transfers with level-5 cross-chain security. By making TRUF transfers seamless and secure, we can streamline the payments process, unlock new use cases, and enable more users to participate in our protocol across the multi-chain ecosystem.”
