LI.FI
@lifiprotocol
One API for seamless swaps & bridging across EVM, Solana and Bitcoin. Integrated by Robinhood Wallet, MetaMask, Phantom + 250 partners.
🧵 Thread
At @lifiprotocol, we often talk about the need for bridges to be "trustless" or trust minimized.
Today, we attempt to define & measure the level of "trust" required by various bridge designs.
And what we found is that, with bridges, trust is a spectrum.
blog.li.fi/li-fi-with-bridges-trust-is-a-spectrum-354cd5a1a6d8
1/ What is a Trustless System?
A trustless system is one that does not depend on external actors to facilitate transactions from point A to B.
However, this is a very simple definition.
On a technical level, it is much more nuanced 👇
The Cross-Chain Insider
Last week in the multi-chain ecosystem with the Cross-Chain Insider! 🦎
We bring you the latest:
• Bridge updates
• Multi-chain ecosystem news
• Interesting reads
• Trending narratives on Twitter
blog.li.fi/the-cross-chain-insider-li-fis-weekly-cross-chain-newsletter-69b9a3507de3
A mega thread! 🧵
a) Bridge Updates
1) Li.Finance is Now LI.FI 🦎
With this rebranding, LI.FI aims to break down the messaging to the core: simplifying cross-chain strategies for dApps, wallets, and DeFi protocols.
twitter.com/lifiprotocol/status/1514551489724928000
🧵 Thread
Why we’re bullish on @biconomy’s Hyphen!
Learn more about Hyphen, Biconomy's cross-chain bridge, and how $BICO plays a key role in the ecosystem.
A Deep Dive 🧵
blog.li.finance/biconomys-hyphen-a-deep-dive-40c13a6bb869
The Cross-Chain Insider
Last week in the multi-chain ecosystem with the Cross-Chain Insider! 🦎
blog.li.finance/the-cross-chain-insider-li-fis-weekly-cross-chain-newsletter-5929b64c4501
This week's newsletter features:
a. Bridge Updates
1) LI.FI Smart Contract Vulnerability 🛠️
• Exploited on March 20th, 2022
• $600k across 29 wallets stolen
• 25/29 wallets reimbursed + in touch with rest
• Bug has been fixed
blog.li.finance/20th-march-the-exploit-e9e1c5c03eb9
Why DODO is one of the best DEXs in the crypto ecosystem! 🔥
Why @BreederDodo is one of the best DEXs in the crypto ecosystem! 🔥
blog.li.finance/dodo-a-deep-dive-6ded3423716f
1/ DODO's DEX can address the issues generally associated with DEXs. Here’s how:
a) Lack of Liquidity — it is a meta aggregator, which aggregates liquidity sources across multiple DEXs and its own liquidity pools.
Why DODO is one of the best DEXs in the crypto ecosystem! 🔥
Why DODO is one of the best DEXs in the crypto ecosystem! 🔥
blog.li.finance/dodo-a-deep-dive-6ded3423716f
1/ DODO's DEX can address the issues generally associated with DEXs. Here’s how:
a) Lack of Liquidity — it is a meta aggregator, which aggregates liquidity sources across multiple DEXs and its own liquidity pools.