Protocol Village: Cubist Launches Bascule for Bridge Security

• Cubist, a blockchain startup focused on key management, has launched Bascule, a new bridge security system.
• Led by Riad Wahby, a Carnegie Mellon professor, Bascule aims to prevent staking hacks and eliminate custodial risks.

How Bascule Works

• Bascule reports all user deposits on one chain to a smart contract on a second chain, providing a cross-check mechanism.
• This system addresses the lack of reconciliation between deposits and withdrawals that often leads to bridge hacks.

Quotes from Riad Wahby

• Wahby noted that Bascule emerged from collaboration with various stakeholders in the Bitcoin space, including the liquid staking protocol Babylon.
• He emphasized the need for a simple "cosmic cross-chain accountant" to monitor transactions across chains.

Cosmology Launches Hyperweb for JavaScript Developers

• Cosmology has introduced Hyperweb, a TypeScript blockchain ecosystem designed for JavaScript developers.
• The platform aims to simplify Web3 development with best-in-class UI and tooling.

Decentraland's New Desktop Client

• Decentraland has launched a new desktop client to enhance user experience, featuring improved performance and visual fidelity.

Funding and Innovations

• Azura, a new DeFi platform, raised $6.9 million to unify DeFi across multiple blockchains.
• RedStone, a DeFi oracle provider, is deploying its AVS testnet on EigenLayer to enhance security.