Amino Rewards Will Integrate Chainlink CCIP To Help Unlock Cross-Chain Token Rewards

We’re excited to announce that Amino Rewards will be integrating Chainlink CCIP — the industry standard for secure cross-chain interoperability — across Ethereum and BNB mainnets. We’re leveraging CCIP’s Simplified Token Transfer capabilities to help facilitate cross-chain token rewards, providing a seamless experience for users when collecting rewards.

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.

Amino Rewards is a tokenized customer loyalty program designed to encourage and reward a healthier lifestyle. As an Amino member, users gain access to a variety of benefits, including the ability to earn AMO rewards while improving their health. By integrating CCIP, Amino Rewards will be able to provide a seamless user experience as members can specify which chain they would like to receive their rewards on.

In order to help secure cross-chain token transfers, 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 Chainlinks decentralized oracle networks, which have already secured tens of billions of dollars for smart contracts and enabled over $8 trillion in onchain transactional value. CCIP also features additional layers of protection and reliability via the Risk Management Network and Smart Execution.
• Simplified 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’s Simplified 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.
• Flexible and programmable — 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. CCIP also supports multiple token handling mechanisms on the source and destination chains (e.g., burn and mint, and lock and mint) to open up a wider range of use cases.
• 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’re excited to integrate the industry-standard Chainlink CCIP to support cross-chain rewards on the Amino Rewards platform. By integrating CCIP, we can enhance the user experience on our platform while knowing that our application is supported by the most secure and reliable cross-chain infrastructure”. — Michael Zon, CTO at Amino Rewards.

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $8.8 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