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TRANSPORTER MULTI

Enhanced CCIP Transporter App allowing aggregation of the assets

TRANSPORTER MULTI

Created At

ETHOnline 2024

Project Description

  1. Description The CCIP Chainlink project aims to enhance Chainlink's Transporter app, which facilitates token transfers between EVM-compatible chains. Our upgraded version introduces multi-chain asset aggregation and automated actions on the destination chain, streamlining cross-chain transactions and expanding utility for users.
  2. Core Concept The core concept revolves around simplifying and expanding cross-chain asset management. Users can now consolidate assets from multiple chains to meet their target amount on a destination chain, all in one transaction. Additionally, the enhanced app allows users to predefine actions for their transferred assets, automating processes like staking or purchasing NFTs upon arrival.
  3. Key Features

Multi-chain asset aggregation for single-click transfers Dropdown menu for selecting destination chain actions:

Direct wallet reception Transfer to another wallet Stake with Rocket Pool Mint stablecoins backed by rETH Purchase NFTs

Seamless integration with existing Chainlink infrastructure User-friendly interface for complex cross-chain operations

  1. Example and Use Case Scenario: A user needs 1000 USDC on Chain X for a DeFi opportunity. Current assets:

500 USDC on Chain Y 500 USDC on Chain Z

Using our enhanced Transporter app:

User selects Chain X as the destination Specifies 1000 USDC as the target amount App automatically identifies and aggregates funds from Chains Y and Z User chooses to stake the funds with Rocket Pool upon arrival With one click, the app executes the multi-chain transfer and staking action

This streamlined process saves time, reduces complexity, and minimizes the risk of missing opportunities due to fragmented liquidity.

How it's Made

  1. How It's Made - Tech Stack Our enhanced Transporter app leverages cutting-edge technologies:

Frontend:

Next.js 15: For a responsive and efficient user interface Thirdweb: To simplify blockchain interactions and wallet connections

Smart Contracts:

Solidity: For writing secure and gas-efficient smart contracts

Backend Integration:

Chainlink's CCIP (Cross-Chain Interoperability Protocol): Enables secure cross-chain communications and transactions

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