Bridge Protection: now live on Socket
Powering Cross-Chain Innovation with Secure Bridging
In today’s increasingly fragmenting multichain world, protocols aspire to provide their users with a unified application experience. To fulfill these dreams, protocols need to build with bridging as a core component of their applications.
However, bridging infrastructure is still in its early stages, and incorporating it into your app can essentially mean taking on this bridge risk at the protocol level. In other words, the protocol becomes responsible for their app’s & users’ exposure to the unreliable nature of bridges, such as
- When bridge transfer is delayed or sends less than quoted funds, users get anxious & this bad experience can stop them from ever returning to the protocol
- When the bridge that an app utilizes for its multichain use-case gets rekt, the protocol also loses funds and credibility from the hack
Such incidents have made protocols reluctant to go multichain & it’s time we put an end to this!
Bid Farewell to Unreliable Bridging
In partnership with Risk Harbor, we are excited to introduce ‘Bridge Protection’ the first-of-its-kind guarantee for bridge transfers to secure the whole bridging space. This innovation catalyzes multichain adoption for protocols without the risk of jeopardizing the app or user capital.
Bridge Protection removes all bridge-related worries that currently plague apps & their users by assuring:
- You always receive funds, even if the bridge goes down
- No hidden bridging losses, get what you were quoted in full
- Experience fixed bridging time, no more waiting or delays
Socket makes web3 safer for everyone
With ‘Bridge Protection’ now available on Socket, all protocols built on us automatically get to leverage the most secure interoperability stack. As a result, our partners can concentrate on what matters most (i.e developing their multichain use case with the best UX) while their app & users enjoy complete immunity to the bridge infrastructure itself.
‘Bridge Protection’ is a pivotal innovation that the whole industry has been waiting for — from DeFi protocols to institutional players(CEXs & wallets). And now traversing the realms of multichain with risk-free bridging, will no longer be just a dream!
About Socket
Socket aims to unify the multichain ecosystem by connecting all chains and enabling seamless asset and data transfers between them. With Socket, developers can build unified, multichain apps with interoperability as a core part of the protocol logic.
