Connext and Alchemix Introduce xERC-20 Token Standard to Mitigate Bridge Exploit Losses

In a bid to tackle the ongoing concerns surrounding bridge security in the decentralized finance (DeFi) space, Connext, a leading cross-chain bridging protocol, has partnered with Alchemix Finance, a prominent DeFi platform, to unveil a new token standard called “xERC-20.

Timeline of Alchemix