Alchemix upgrades its cross-chain bridge

Alchemix has shut down its legacy cross-chain bridge and completed a transition to its V3 architecture, significantly enhancing security and efficiency, Odaily reported. The project has officially discontinued its older alUSD/alETH bridges on Optimism and Arbitrum, introducing a new architecture compatible with its V3 Alchemist. As part of the update, Alchemix has revised its cross-chain transaction verification (DVN) settings while maintaining a 2/3 multi-signature confirmation mechanism. Additionally, the project has onboarded telecommunications firm Deutsche Telekom as a new verification service provider.