Olympus Integrates Chainlink CCIP to Decentralize Cross-Chain OHM Transfers

Olympus has implemented Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to support cross-chain token transfers of OHM, leveraging Chainlink’s Cross-Chain Token (CCT) standard. The initial deployment begins with Solana. Additional chain support for Ethereum, Arbitrum, Base, Berachain, and Optimism may be explored through a formal governance process. This follows a DAO governance vote, where the proposal to integrate CCIP passed with 100% approval.

Olympus is utilizing CCIP for its Solana integration because CCTs enable self-serve deployments, full control and ownership for developers, enhanced programmability, and zero-slippage transfers — all backed by CCIP’s battle-tested security.

This implementation provides a multitude of important benefits and features, such as:

• Battle-tested security: CCTs are secured by Chainlink CCIP, which is powered by the same battle-tested Decentralized Oracle Network (DON) infrastructure that has enabled $21 trillion in onchain transaction value since the start of 2022.
• 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.
• 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 a Token Manager, CCIP Explorer, CCIP Directory, and accompanying documentation (both tutorials and scripts).
• Extendable and future-proof: CCIP is built to be future-proof for developers, where future improvements can continue to be made, including the integration of new blockchain networks, the onboarding of additional tokens, and the incorporation of new defense-in-depth approaches to security.

“Adopting the Cross-Chain Token (CCT) standard via Chainlink CCIP provides Olympus with unmatched security and flexibility, strengthening our ability to operate across a multi-chain ecosystem,” — FattyBagz, CMO Olympus

“We’re excited to see Olympus Dao’s proposal of integrating CCIP, beginning with Solana, be passed with 100% approval from the community. Olympus’s adoption of the Chainlink interoperability standard highlights their commitment to pioneering secure and seamless cross-chain DeFi experiences. We look forward to supporting Olympus as they continue to innovate and grow their platform.”- Luke Lim, Head of CCIP GTM at Chainlink Labs.

About Olympus

Olympus is an onchain financial system that delivers core functions such as money, credit, and liquidity through autonomous smart contracts. Each OHM token is backed by a treasury of real, productive assets, establishing the foundation that supports the protocol’s core architecture. Olympus operates as a monetary computer, with key components like Protocol-Owned Liquidity to manage its own markets, and Cooler Loans to enable fixed-rate, perpetual borrowing without price-based liquidations. These mechanisms are part of a broader group of governance-controlled systems that respond to changing market conditions in order to uphold a dynamic, code-driven monetary framework. Olympus operates through transparent, on-chain governance, forming the foundation for a resilient and programmable financial future.

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 $21 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.