We’re excited to announce that Elixir has upgraded to the Chainlink standard for cross-chain interoperability across Avalanche and Ethereum—and will be upgrading the rest of our bridging routes to CCIP over time.

Chainlink CCIP enables highly secure cross-chain transfers of the $180M+ market cap deUSD stablecoin by leveraging the Cross-Chain Token (CCT) Standard. Elixir has also upgraded to the Chainlink standard for verifiable data with Chainlink Price Feeds providing tamper-proof data to support secure markets around deUSD on Avalanche, Arbitrum, Ethereum, Optimism, and Polygon.

Elixir is a decentralized liquidity network designed to bring institutional liquidity onchain, powering next-generation DeFi and real-world asset (RWA) integration. At the core of this ecosystem is deUSD, a fully collateralized, yield-bearing synthetic dollar that enables institutions to access DeFi without altering their asset exposure. Elixir’s deep integration with fund issuers makes deUSD the primary onchain entry point for assets from major financial institutions. Secured by over 30,000 global validators, Elixir also enhances liquidity for 30+ decentralized trading venues and leading exchanges. While deUSD is designed to capture funding yield, it remains resilient even in negative rate environments, positioning it as a DeFi-native and institution-friendly financial instrument.

We selected CCIP to become Elixir’s exclusive interoperability solution because Chainlink has the most proven track record of maintaining the highest standard of security and reliability in the blockchain industry. Thanks to its principle-driven approach, Chainlink has built one of the largest ecosystems in the blockchain industry and is the interoperability standard within capital markets. Connecting Elixir to the Chainlink community and an evergrowing ecosystem of over 50 blockchain networks, offers a multitude of growth opportunities that help Elixir get closer to its goals and increase ecosystem adoption.

In order to help secure cross-chain transfers of deUSD, we needed access to a highly reliable interoperability solution. After reviewing various solutions, we integrated Chainlink CCIP and adopted the CCT Standard given a multitude of important benefits and features, such as:

• Self-serve and permissionless—Token developers can launch a new CCT or make an existing token a CCT in a self-serve manner within minutes. When creating CCTs, CCIP contracts verify token contract ownership onchain to avoid fragmentation and help token developers remain in control of their tokens. Developers also have access to a number of resources that make the CCT creation process and ongoing management seamless, including Token Manager, CCIP Explorer, CCIP Directory, and accompanying documentation (both tutorials and scripts).

• Developer control and flexibility—Token developers retain full ownership of their token contracts, CCIP token pools, and customized implementation logic, including rate limits across chains. This autonomy eliminates vendor lock-in, hard-coded logic, or external dependencies, allowing developers to customize functionality without compromising security.

• Battle-tested security—CCIP’s consensus layer is powered by Chainlink Decentralized Oracle Networks (DONs)., infrastructure that has secured over $75 billion in DeFi TVL at its peak and enabled over $20 trillion in onchain transaction value since the start of 2022.

• Access to a rapidly growing network and future-proof—CCIP’s future-proof architecture ensures that Elixir remains ahead of the curve, with seamless integration of new blockchain networks, additional assets, and evolving security enhancements as the ecosystem grows.

In order to help secure deUSD, we needed access to fresh asset prices that are supplied directly onchain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to make use of a reliable oracle network to fetch aggregated price data offchain and deliver it onchain to be consumed by our application. After reviewing various oracle solutions, we have upgraded to Chainlink Price Feeds because they provide a multitude of critical features, such as:

• High-Quality Data—Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by liquidity depth, and cleaned from outliers and suspicious volumes. Chainlink’s data aggregation model generates precise global market prices that are resistant to API downtime, flash crash outliers, and data manipulation attacks like flash loans.

• Secure Node Operators—Chainlink Price Feeds are secured by independent, security-reviewed oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises with a strong track record for reliability, even during high gas prices and extreme network congestion.

• Decentralized Network—Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or the oracle network.

• Transparency—Robust, publicly available reputation frameworks and onchain monitoring tools allow users to independently verify the historical performance of node operators and oracle networks, as well as check the real-time prices being offered.

"By adopting the Chainlink standard for cross-chain interoperability, we’re ensuring that deUSD can be transferred seamlessly across leading blockchains with the highest levels of security and reliability as a CCT. Chainlink’s proven track record and deep integration within capital markets make it the clear choice for cross-chain connectivity. Additionally, upgrading to Chainlink Price Feeds provides the tamper-proof data needed to support secure markets around deUSD and further drive its adoption.”— Philip Forte, Elixir co-founder.

About Chainlink

Chainlink is the standard for onchain finance, verifiable data, and cross-chain interoperability. Chainlink is unifying liquidity across global markets and has enabled over $20 trillion in transaction value across the blockchain economy. Major financial market infrastructures and institutions, such as Swift, Fidelity International, and ANZ Bank, as well as top DeFi protocols including Aave, GMX, and Lido, use Chainlink to power next-generation applications for banking, asset management, and other major sectors. Learn more by visiting chain.link.

About Elixir

Elixir is the most widely adopted network for RWAs: exclusively bringing funds from BlackRock, Hamilton Lane, Apollo and others to DeFi. This is made possible by deUSD – a fully collateralized, yield-bearing synthetic dollar powered by the Elixir Network.