Gnosis launches Hashi bridge aggregator to help prevent hacks
Gnosis has announced it will be launching a new protocol called Hashi Bridge Aggregator, to help prevent hacks.
The protocol is being adopted by bridge protocols LayerZero, Celer, Wormhole, LiFi, and others. The move comes in response to the recent controversy surrounding DeFi protocols that have been hacked and lost funds as a result of bad practices.
Hashi Bridge Aggregator Protocol is designed to help make DeFi protocols more secure and reduce the risk of hacks. The protocol will use a combination of two-way bridges and a collateralized aggregator to create a secure, transparent, and distributed infrastructure.
The team at Gnosis believes the protocol will help to reduce the risk of hacks, safeguard against losses, and ultimately create a more transparent and secure DeFi system.
The team has already released a testnet version of the protocol and plans to launch a full version sometime this summer.
This move is sure to be welcomed by DeFi enthusiasts and investors, as it takes another important step towards making DeFi more secure.
Tags:
- Hacks
- Gnosis
- Hashi Bridge Aggregator
- LayerZero
- Celer
- Wormhole
- LiFi
- DeFi
- Security