June 17, 2021, 9:42AM EDT
• 13 min read

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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