The LSS Standard
The Bridge Network protocol has integrated the LSS standard to be proactive in its security measures. The LSS standard is a hack mitigation tool and is used to oversee the BN smart contracts, detects fraudulent activity and freeze and or revert funds.
Hacks have been a familiar occurrence in the bridging world due to lack of effective security measures. When an asset is moved cross-chain, it usually looks something like this:
The asset is locked on its native chain and a wrapped version is minted on the destination chain. The smart contract that mints the wrapped asset is generally where exploits occur as hackers attempt to mint more tokens than they lock.
Tokens will be wrapped in the LSS standard, which will enable Lossless security parameters for the bridged tokens.
Last modified 1mo ago
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