The current leading solutions for blockchain interoperability in DeFI, such as Cosmos, Polkadot, and Chainlink, provide inter-blockchain communication to bridge various incompatible technologies, messaging, identity, and data formats. However, there are varying degrees of security, trust, and identity mechanisms utilized in these solutions, which has resulted in several cross-blockchain exploits in the recent past and hesitation by the financial industry in adopting blockchain solutions. The primary goal of this project is to see how cross-chain protocols can be strengthened to minimize such risks in DeFi.
