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Lombard Finance Integrates Chainlink CCIP, Price Feeds, and Proof of Reserves

Twitter icon  •  Published 2 days ago  •  Hassan Maishera

Lombard Finance will leverage Chainlink’s Cross-Chain Interoperability Protocol (CCIP), Proof of Reserve (PoR), and Price Feeds to help support secure markets around LBTC.

Chainlink announced via X on Monday that Lombard Finance will leverage Chainlink’s Cross-Chain Interoperability Protocol (CCIP), Proof of Reserve (PoR), and Price Feeds to help support secure markets around LBTC while enhancing its collateralization transparency and enabling it to be securely transferred across blockchains.

By integrating CCIP, Lombard will facilitate secure cross-chain token transfers of LBTC across Arbitrum, Base, BNB Chain, and Solana. Additionally, Chainlink Proof of Reserve will deliver real-time, decentralized verification of LBTC’s collateralization, ensuring transparency for users. With Chainlink Price Feeds, LBTC will gain access to highly accurate, tamper-proof market data, creating a strong foundation for LBTC’s adoption to scale.

Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is up 4.5% over the past 24 hours and is trading at $11.49 at press time.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.