Connext and other groups are calling for the establishment of an open bridge standard, expressing concerns about the recent deployment of LayerZero's multi-chain wstETH.

BlockBeats reported on October 30 that Layer2 interoperability protocol Connext announced on social media that it is calling for the establishment of an open bridge standard with Across, Celer Network, ChainSafe, Sygma, LI.FI, Socket, Router Protocol, and the Cross-chain Interoperability Alliance. The initiative expresses concern over LayerZero's recent behavior, which deployed wstETH to Avalanche, BNN Chain, and Scroll without the support of Lido DAO. · Proprietary standards locked by vendors are not standards. Although OFT and other vendor-specific systems are referred to as standards in the market, fundamentally they are owned by the cross-chain bridges that implement them. They enforce vendor lock-in, making it almost impossible for projects to iterate on preferences, address security risks, or permanently switch to another choice. · Lock-in brings systemic risks. Tokens issued through proprietary standards are permanently bound to the security mode of the issuing bridge. Lock-in hinders active iteration on security, bringing unquantifiable systemic risks to projects. Over the past two years, cross-chain bridges have suffered hacks worth over $2 billion due to these systemic risks. · Token issuers should own their own tokens. The DAO issuing tokens should be the ultimate arbiter of the typical version of its assets on a specific chain. If there is a lack of DAO-led social consensus to determine the typical representation of a specific asset, fragmentation will be driven by issuing many irreproducible representations. · Open standards unrelated to vendors encourage benign competition. Open public standards such as ElP-7281 (xERC20) allow token issuers to adopt typical representations according to the rules set out in (3), while avoiding lock-in according to the rules set out in (2), thus rewriting the incentive structure around token bridging security. Standards promote open and continuous competition among bridges in pricing, normal operating times, and security. This encourages continuous innovation around secure bridging methods, ultimately benefiting users.