9 protocols criticize LayerZero’s ‘wstETH’ token, claiming it’s ‘proprietary’
Connext, Chainsafe, Sygma, LiFi, Socket, Hashi, Across, Celer, and Router issued a joint statement criticizing the new token. Go to Source
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Connext, Alchemix launch cross-chain token standard to reduce bridge exploit losses
The two protocols will implement a standard for issuers to control the “canonical” minting of tokens, helping to reduce losses from unofficial bridges. Go to Source Powered by WPeMatico
Connext founder proposes ‘Sovereign Bridged Token’ standard after Multichain incident
EIP-7281 will allow token issuers to list official bridges and limit the rate at which they can mint tokens, potentially limiting losses from bridge hacks. Go to Source Powered by WPeMatico
