Orbiter Finance Partners with Ethereum Foundation and University of California to Advance Financial Innovation

Orbiter Finance is making big moves in the Ethereum ecosystem, teaming up with Kyle Charbonnet from the Ethereum Foundation and Feng Yu of Nubit to release a study on cross-chain bridge security. The collaboration produced a paper called “Scutum: Temporal Verification for Cross-Rollup Bridges via Goal-Driven Reduction,” authored by experts and professors in the field. By analyzing on-chain data from the past few years, the goal is to spot any fishy transactions using a mathematical model.

So, what’s in this research paper? Well, the focus is on how to evaluate the security of cross-Rollup bridging in a way that’s scalable. The team honed in on three main points:

First up is the Scalable Verifier, which digs into cross-Rollup bridges, like Orbiter Finance, to pinpoint vulnerabilities. They use a multi-model framework to understand how different behaviors and components interact, incorporating reachability analysis to boost efficiency.

Next, the Security Model Construction is all about using contract graphs and program analysis techniques to verify safety in real-time. By getting rid of false positives through refinement loops, the model becomes more accurate.

Finally, Performance is key, with the Scutum tool showing great runtime performance for efficient analysis in quick scenarios.

Orbiter Finance has been all about security since the get-go in 2021. Juson Xia, the tech lead of Orbiter Finance’s Vizing product, emphasized their commitment to building a foolproof cross-chain bridge model, working closely with Ethereum and cryptographers to keep things safe and secure.

Exciting stuff happening in the world of cross-chain bridging—stay tuned for more updates!