Multichain bridging protocol LiFi has launched a multi-message aggregator for decentralized autonomous group (DAO) governance, based on an Aug. 17 announcement from LiFi analysis lead Arjun Chand. If carried out by decentralized exchanges, lending apps and different Web3 protocols, the brand new aggregator ought to assist prevent governance assaults that originate from cross-chain bridges, based on the aggregator’s documentation.
The announcement comes after a vigorous debate over bridge safety on the Uniswap boards in late January and early February concluded that no single bridge has all of the security measures essential 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 consider MMA may very well be a future-proof answer for various cross-chain messaging wants! pic.twitter.com/w34g3ZUNfi
— Arjun | LI.FI (@arjunnchand) August 17, 2023
Crypto change Uniswap is ruled by a DAO known as UniswapDAO. In January, UniswapDAO started discussing deploying a second copy of Uniswap to BNB Sensible Chain (BSC). This opened the query of how Uniswap can be ruled on a couple of chain since, beforehand, all votes had been taken on the Ethereum community. On Jan. 24, the DAO voted to deploy a second copy of Uniswap to BSC and to make use of bridging protocol Celer to ship messages from BSC to Ethereum.
Though this proposal handed, controversy erupted nearly instantly over the selection of Celer Bridge because the technique of sending messages. Some DAO members feared that Celer was not safe sufficient to forestall cross-chain governance assaults. As an alternative, they beneficial Wormhole, LayerZero or DeBridge be used. Different members defended Celer as the right selection.
On Jan. 31, the DAO held a second vote on which bridge ought to be used for governance. Wormhole gained the vote and was chosen because the official bridge for governance.
Regardless of the win for Wormhole, the referendum was contentious. Solely 62% of Uniswap (UNI) tokens had been used to solid “sure” votes. Against this, many UniswapDAO proposals obtained practically unanimous votes for or towards.
Within the debate main as much as the vote, many members 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 can be prevented. Nevertheless, no multi-bridge answer was accessible on the time. Therefore, the proposal’s supporters argued that Wormhole ought to be used till a multi-bridge answer may very well be created.
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Within the Aug. 18 announcement from LiFi, Chand mentioned the workforce’s new bridge aggregator would supply “a future-proof answer for various cross-chain messaging wants,” stopping protocols sooner or later from needing to depend on a single bridge for governance messages.
In accordance 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 tokenholder voted “sure” however the two different bridges say that they voted “no,” the “no” vote will probably be confirmed. The aggregator may also be configured to make use of three out of 5 bridges or another ratio the DAO needs.
LiFi isn’t the one workforce to create a multi-bridge aggregator for DAO governance. Gnosis launched an analogous 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. Due to this fact, 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 broaden its testing and submit it for an audit by Path of Bits.”
