• The MIT Cryptoeconomics Lab was founded by Catalini.
• Celsius has announced that it would integrate Chainlink Proof of Reserve (PoR).

Yesterday it was announced that Diem co-creator and chief economist Christian Catalini and renowned Stanford cryptographer Dan Boneh had joined the firm as strategic consultants to the Chainlink Labs, the firm behind developing Chainlink.

The Cross-Chain Interoperability Protocol (CCIP), a new worldwide standard for decentralized inter-blockchain communications, data, and token transfers, will focus on Catalini and Boneh’s work. Because of the Chainlink Network, users will be able to create cross-chain apps by moving tokens and smart contracts across multiple blockchains.

The MIT Cryptoeconomics Lab was founded by Catalini, who is also a research scientist at the MIT Sloan School of Management and a co-creator of the Diem project. All students at MIT were given access to cryptocurrencies via the MIT Digital Currency Research Study, developed by Catalini in 2013.

Integration by Celsius

In order to create auditable and highly secure cross-chain tokens, Celsius has announced that it would integrate Chainlink Proof of Reserve (PoR).

With the integration, the leading lending platform, which lets users earn interest on their crypto deposits, will successfully bridge wrapped versions of Cardano, Dogecoin, and Ethereum to the polygon mainnet. There are around 700 oracle networks supported by the Chainlink protocol, which is independent of any particular blockchain.

Token usefulness and access to DeFi ecosystems on non-native blockchains will shortly benefit Cardano, Dogecoin, and Ethereum users. According to Celsius, the platform will soon extend its cross-chain token sales and supported blockchains. In order to ensure Celsius’ accountability, Chainlink PoR will allow anybody to validate Celsius’ wrapped cross-chain tokens’ collateralization in real-time.