Boosting DAO Governance: LiFi’s Multi-Bridge Aggregator 💡

#LiFi has introduced a new multi-message aggregator to bolster #DAO governance. This solution, outlined in an August 17 statement by LiFi research lead Arjun Chand, aims to prevent governance attacks stemming from cross-chain bridges.

Addressing security concerns raised on #Uniswap forums earlier in the year, the aggregator ensures confirmation from multiple bridges for votes, reducing reliance on a single bridge for governance messages. Protocols can flexibly demand confirmation from varying bridge numbers.

Despite similar initiatives like Gnosis’ “Hashi,” LiFi’s approach stands out due to its comprehensive strategy. Although un-audited, LiFi plans to subject the aggregator to testing and auditing in the near future.

#Binance
#crypto2023

Equalizer Finance partners with LI.FI, integrating cross-chain tech for an enhanced DeFi platform, making trading and asset management more accessible.

#Equalizer #LiFi

https://blockchainreporter.net/equalizer-finance-partners-with-li-fi-to-enhance-defi-experience/

Klaster and li.fi protocol have partnered to create a seamless, cross-chain DeFi experience.

The integration of their technologies allows users to interact with decentralized apps without worrying about chain switching or asset bridging, resulting in a smooth and intuitive user experience.

#klaster #LiFi #LIFIprotocol #SOFR_Spike #BinanceTournament

VOOI announces a partnership with LI.FI, a multi-chain liquidity aggregator.

LI.FI's widget is integrated into the VOOI Trading App, allowing users to easily swap tokens across different blockchains directly within the app. This eliminates the need for manual multi-step processes and third-party services.

#LIFIprotocol #LiFi #VOOI #BTC_MarketPanic_Dip #BinanceTurns7

⚠️The LiFi protocol faced a security breach after hackers exploited a specific contract address, resulting in the loss of more than $8 million in cryptocurrency‼️

#LIFIprotocol #LiFi #BinanceTurns7

#LiFi ( @lifiprotocol ) was attacked and lost $9.7M!
🚨

Including 6,335,889 #USDT , 3,191,914 #USDC and 169,533 #DAI .

All these assets have been exchanged for 2,857 #ETH ($9.7M) and distributed to multiple wallets.