Solana set to launch decentralized Ethereum bridge to power DeFi

[Lenipiw]

Ethereum liquidity will no longer have to go through FTX to reach Solana. Solana, the smart contract platform that recently entered the spotlight thanks to FTX’s Serum, announced the upcoming release of what it says is a decentralized bridge for Ethereum ERC-20 tokens.

Called Wormhole, the bridge would allow users to transfer value between the different blockchains, turning ERC-20 tokens into Solana’s corresponding SPL standard.

The bridge is currently being audited by Kudelski, a major Swiss security firm. Anatoly Yakovenko, the CEO of Solana, told Cointelegraph that release is expected for the end of October. A beta of the bridge will be available to developers in a Oct. 28 hackathon, with a full release expected soon after.
Visit here: https://cointelegraph.com/news/solana-set-to-launch-decentralized-ethereum-bridge-to-power-defi