Eigenpie Is Integrating Chainlink CCIP To Unlock Cross-Chain Liquid Restaking

We are thrilled to share the news that Eigenpie is integrating Chainlink CCIP — the industry standard for secure cross-chain interoperability — across the Arbitrum and Ethereum mainnets. We’re exclusively leveraging CCIP’s Simplified Token Transfer capabilities to facilitate cross-chain transfers of our liquid restaked tokens (LRTs).

Chainlink CCIP

Chainlink CCIP serves as a comprehensive cross-chain solution for dApps, enabling secure cross-chain messaging and token transfers. We selected CCIP as our 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.

What benefits does this provide to the LRTs created by Eigenpie?

LRTs issued by Eigenpie will use Chainlink CCIP to help facilitate their transfer across various networks. This integration enhances user convenience by allowing participation in their preferred ecosystems.

Omnichain LRTs by Eigenpie:

• mstETH — Omnichain liquid restaked version of stETH created by Eigenpie
• mrETH — Omnichain liquid restaked version of rETH created by Eigenpie
• mwBETH — Omnichain liquid restaked version of wBETH created by Eigenpie
• mmETH — Omnichain liquid restaked version of mETH created by Eigenpie
• msfrxETH — Omnichain liquid restaked version of sfrxETH created by Eigenpie
• mcbETH — Omnichain liquid restaked version of mcbETH created by Eigenpie
• mswETH — Omnichain liquid restaked version of swETH created by Eigenpie
• mETHx — Omnichain liquid restaked version of ETHx created by Eigenpie
• mosETH — Omnichain liquid restaked version of osETH created by Eigenpie
• mankrETH — Omnichain liquid restaked version of ankrETH created by Eigenpie
• mOETH — Omnichain liquid restaked version of OETH created by Eigenpie
• mLsETH — Omnichain liquid restaked version of LsETH created by Eigenpie

In order to help secure our LRTs cross-chain, we needed access to a highly secure and reliable interoperability solution. After reviewing various solutions, we 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 decentralized oracle networks, which have already secured tens of billions of dollars for smart contracts and enabled over $9 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.

As we progress, our dedication remains focused on optimizing LST returns through the EigenLayer restaking infrastructure. We’re eager to observe our community’s adoption of these new functionalities and are committed to facilitating their journey in this innovative direction.

“Integrating the industry-standard Chainlink CCIP into Eigenpie underscores our focus on enabling seamless and secure cross-chain transfers. This integration is set to help grow our ecosystem, improve the user experience, and bolster our platform’s cross-chain connectivity.” — Alan, Project Lead of Eigenpie

About Eigenpie: Eigenpie is an innovative SubDAO created by Magpie, focusing on the restaking of ETH LSTs via EigenLayer. As a liquid restaking platform for Ethereum, Eigenpie’s core mechanism enables users to turn their Native ETH and liquid staked ETH tokens (LSTs) into isolated liquid restaked ETH tokens (LRTs). These are restaked versions of ETH and ETH LSTs, created by Eigenpie. This process allows users to earn rewards for their active participation from Ethereum staking and EigenLayer rewards simultaneously, without requiring a lockup period.

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About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $9 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.