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Koii Labs, Idexos launch middleware bridge aiming to replace CEXs

Attacks on bridge technology in 2022 led to the theft of $2.5 billion from decentralized finance (DeFi) protocols, according to a report by Token Terminal. While this could have been a setback for many projects — and, thus, the crypto space — it seems to be fueling infrastructure and security developments.

At the 2023 ETHDenver conference, Web3 protocol Koii Labs and software company Idexo announced a new middleware bridge to advance deployments on-chain with “just a few lines of code,” Cointelegraph exclusively learned from the teams. The solution aims not only to improve security and speed up deployments but also to create a path to replace centralized crypto exchanges with DeFi bridges.

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