Across founder: LayerZero overuses centralized services

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Cointime2023/10/27 15:30

By:Cointime

Hart Lambur, the founder of Across Protocol, posted on X platform stating: "In mid-September, I criticized LayerZero's decision to use Google's centralized oracle as the default option, especially since they continue to promote their service as 'decentralized'. Yesterday, LayerZero deployed an unauthorized wstETH bridge using the same centralized Google oracle, but marketed it as an official (decentralized) deployment, which made many members of the Lido community uneasy. LayerZero seems to have a history of marketing products but is unwilling to discuss the technical details and considerations behind them. This is detrimental to our industry, and I am tired of it."

Earlier reports stated that the cross-chain interoperability protocol LayerZero has launched the ability to move stETH tokens (wstETH) from Lido Finance, a liquidity staking protocol, across Ethereum, Avalanche, BNB Chain, and Scroll through LayerZero.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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The Block•2025/01/29 18:55