Assaults on bridge expertise in 2022 led to the theft of $2.5 billion from decentralized finance (DeFi) protocols, in accordance to a report by Token Terminal. Whereas this might have been a setback for a lot of tasks — and, thus, the crypto area — it appears to be fueling infrastructure and safety developments.
On the 2023 ETHDenver convention, Web3 protocol Koii Labs and software program firm Idexo introduced a brand new middleware bridge to advance deployments on-chain with “just some strains of code,” Cointelegraph solely realized from the groups. The answer goals not solely to enhance safety and pace up deployments but in addition to create a path to interchange centralized crypto exchanges with DeFi bridges.
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