Gnosis launched Hashi bridge aggregator to secure DeFi and help prevent hacks

Gnosis CEO Martin Köppelman said that the new aggregator will make bridges more secure by requiring more than one bridge to validate a withdrawal before the transaction is confirmed.

In response, multiple blockchain bridges and developers have already committed to join and integrating with Hashi, including Celer, Succinct Labs, Axiom, DendrETH, LI.FI, ZK Collective, Connext, LayerZero, and Wormhole.

According to a report by TokenTerminal, Over $2 billion was stolen from bridges in 2021 and 2022 due to bugs in the code which have caused hacks. Several other hacks also have been caused by the attacker taking over multisig governance wallets.

According to Gnosis CEO Köppelmann, Hashi’s infrastructure can provide the first step towards making these cross-chain transactions more secure throughout the whole blockchain ecosystem and different blockchain networks, by requiring withdrawals to be validated by multiple bridges.

Köppelmann also stated that Hashi prevents multi-sig governance attacks as it enable protocols to prevent governance from intervening when there is no disagreement between individual bridges. Hashi is now open source and available on GitHub. 

This comes forward as the idea of a multi-bridge aggregator rose to prominence during the Uniswap bridge debate back in December and January where Wormhole was ultimately chosen as Uniswap’s bridge provider. Other representatives from Celer, LiFi, and deBridge concluded that a multi-bridge aggregation solution needed to be implemented for security reasons as bridges seem highly vulnerable and are easy attackers' eyes.

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