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Wormhole and @Cardano_CF are hosting an X Space AMA to discuss Wormhole's proposal to deploy cross-chain infrastructure on Cardano — and answer your questions before the community votes. 🗓️Monday, June 8th at 9 AM ET. Set a reminder. ↓
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Wormhole delivers flexibility and simplicity in a decentralized ecosystem, without compromising security. SECURITY IS NOT A CHOICE. The timeline is surfacing longstanding design criticisms that led to the LayerZero exploit: insecure defaults, centralization for operational convenience, and lack of circuit breakers. Wormhole’s architecture is built to address these exact security failures. Wormhole has two cross-chain token transfer products: - NTT, the configurable token framework that powers products like @sunrise and is trusted by institutions and organizations like Apollo, Ripple, Solana, Monad, and M0. - WTT, the interconnected token bridge that has enabled billions of value transfer across major ecosystems like Solana, Ethereum, Base, and Sui. By default, Wormhole requires a decentralized network of 19 independent Guardian validators running in-house RPC nodes to come to 2/3 + 1 supermajority consensus (13/19) to approve cross-chain transfers. NTT and WTT have two additional defense-in-depth security features: rate limiting and on-chain accounting. - Rate Limiting: Asset issuers building on NTT can set their own on-chain rate limits to detect and delay unexpected cross-chain transfers. Wormhole’s Guardians set the rate limits for WTT based on recommendations and analysis from Wormhole’s security team @asymmetric_re. -On-chain Accounting: Cross-chain transfers are first sent to an on-chain accounting system that limits withdrawals to the maximum supply minted to a chain. This feature could have substantially limited the blast radius of the rsETH exploit. Wormhole contributors operate multiple internal and external off-chain monitoring and alerting systems and continue to ship new security features. As exploits become more sophisticated and are assisted by increasingly advanced AI tools, critical blockchain infrastructure must advance at an even faster pace and be built with multiple and robust layers of defense. Hard-earned lessons have shaped how Wormhole operates: stronger defaults, hardened systems, and a relentless focus on security.
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5/ Securitize will leverage @wormhole as its official interoperability partner, allowing HLSCOPE tokens to move seamlessly across blockchains. This improves accessibility, interoperability, and potential liquidity for tokenized private markets, subject to eligibility, offering terms, and regulatory restrictions.
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Some may be aware that Wormhole brought a wrapped version of UNI to Solana some time ago. It became the go-to for many people looking to get exposure to UNI on Solana, and it's still in circulation. The industry has been moving away from bridge-issued wrapped tokens for structural reasons. Natively minted assets have configurable rate limits, proper on-chain accounting, and no single bridge sitting as a dependency at the asset layer. The version @sunrise just launched via Wormhole NTT is the canonical UNI on Solana. It is natively minted and built on infrastructure that has settled over $70B in cross-chain volume. The shift from bridge-issued wrapped tokens to natively minted assets is well underway, and this listing is part of it.
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Sunrise is Solana’s asset gateway, incubated by Wormhole Labs. Canonical issuance, deep liquidity, and full ecosystem distribution from day one. Crypto assets, tokenized stocks, commodities, and RWAs. No fragmented liquidity. No competing wrapped versions. 👇
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@erinkhoo @AshtonForbes Here's a photorealistic 8K visualization of the plasma orbs and wormhole effect around the plane.
ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed is built to move across chains. 🔵 Powered by Wormhole’s Native Token Transfers (NTT), @Ripple’s institutional-grade stablecoin extends across multiple chains while maintaining a unified token standard.
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Institutional-grade stablecoins just went multichain. 🔵 @Ripple's RLUSD is now live across ecosystems via Wormhole's Native Token Transfers (NTT) — the standard trusted by 100+ assets across 40+ chains. Compliant. Native. Multichain. ⚡
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