The Connext cross-chain bridging protocol has announced a new token standard to reduce losses from bridge hacks. According to a July 24 announcement, the new “xERC-20” standard allows token issuers to maintain a list of official bridges and control how many tokens can be minted by each. In addition to Connext, decentralized finance (DeFi) platform Alchemix Finance will implement xERC-20 tokens, the announcement stated. Connext Alchemix Today, Connext is announcing support of the xERC20 standard and onboarding projects into safely bringing their tokens to every chain. As our flagship user,…
Read MoreConnext, Alchemix launch cross-chain token standard to reduce bridge exploit losses
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