An overview of cross-chain bridges in DeFi
Quick Take
- Cross-chain bridges are becoming increasingly important pieces of the DeFi ecosystem as value continues to be spread amongst a growing list of blockchains
- Currently, most bridges transfer assets between chains by locking source assets and minting wrapped assets on the destination chain
- With sufficient liquidity in the future, cross-chain bridges like multichain.xyz or THORChain can enable decentralized asset bridging without requiring custody of assets
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Author: Kevin Peng
