Multichain bridging protocol LiFi has launched a multi-message aggregator for decentralized autonomous group (DAO) governance, in response to an Aug. 17 announcement from LiFi analysis lead Arjun Chand. If applied by decentralized exchanges, lending apps, and different Web3 protocols, the brand new aggregator ought to assist stop governance assaults that originate from cross-chain bridges, in response to the aggregator’s documentation.
The announcement comes after a vigorous debate over bridge safety on the Uniswap boards in late January and early February, concluding that no single bridge has all of the safety features crucial for safe governance.
For months, @lifiprotocol has labored carefully with @UniswapFND to develop Multi-Message Aggregation (MMA), an additive safety module for cross-chain messaging.
This is why we imagine MMA might be a future-proof resolution for various cross-chain messaging wants! pic.twitter.com/w34g3ZUNfi
— Arjun | LI.FI (@arjunnchand) August 17, 2023
Crypto change Uniswap is ruled by a decentralized autonomous group known as UniswapDAO. In January, this DAO started discussing deploying a second copy of Uniswap to BNB Chain. This opened the query of how Uniswap could be ruled on multiple chain since, beforehand, all votes have been taken on the Ethereum community. On Jan. 24, the DAO voted to deploy a second copy of Uniswap to BNB Chain and to make use of bridging protocol Celer to ship messages from BNB to Ethereum.
Though this proposal handed, controversy erupted nearly instantly over the selection of Celer bridge because the technique of sending messages. Some DAO contributors feared that Celer was not safe sufficient to forestall cross-chain governance assaults. As a substitute, they advisable Wormhole, LayerZero, or DeBridge be used. Different contributors defended Celer as the proper selection.
On Jan. 31, the DAO held a second vote on which bridge must be used for governance. Wormhole gained the vote and was chosen because the official bridge for governance.
Regardless of this win for Wormhole, the referendum was contentious. Solely 62% of UNI tokens have been used to forged “sure” votes. In contrast, many UniswapDAO proposals obtained practically unanimous votes for or in opposition to.
Within the debate main as much as the vote, many contributors concluded that Uniswap ought to use a number of bridges as a substitute of only one. This manner, if one bridge turned hacked, the opposite bridges would reject the malicious messages despatched by it, and the assault could be prevented. Nonetheless, no multi-bridge resolution was out there on the time. Therefore, the proposal’s supporters argued that Wormhole must be used till a multi-bridge resolution might be created.
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Within the Aug. 18 announcement from LiFi, Chand mentioned the crew’s new bridge aggregator would offer “a future-proof resolution for various cross-chain messaging wants,” stopping protocols sooner or later from needing to depend on a single bridge for governance messages.
In line with the aggregator’s paperwork, protocols can use LiFi to require that votes be confirmed on two out of three bridges to be legitimate. For instance, if one bridge says {that a} DAO token holder voted “sure,” however the two different bridges say that they voted “no,” the “sure” vote might be confirmed. The aggregator may also be configured to make use of three out of 5 bridges or another ratio the DAO desires.
LiFI isn’t the one crew to create a multi-bridge aggregator for DAO governance. Gnosis launched the same protocol known as “Hashi” in March.
In June, a UniswapDAO committee claimed that Hashi was “not but production-ready,” had pending audits and didn’t have a bug bounty. Subsequently, the committee concluded that it was unsuitable to deal with DAO governance.
The LiFi aggregator has additionally not been audited. Chand claimed in his announcement that “quickly, we’ll develop its testing and submit it for an audit by Path of Bits.”
