Bridges • July 25, 2023, 8:12AM EDT
UPDATED: November 21, 2023, 7:54AM EST

Alchemix adopts xERC20 token standard via Connext to reduce bridging risks

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The Block

Quick Take

  • Alchemix is adopting the xERC20 token standard via Connext, aiming to solve the risks faced by tokens from cross-chain bridges.
  • The new token standard is designed to reduce liquidity costs for token issuers while boosting security.