Fordefi Launches Bridge Transaction Enrichment
We are excited to announce the launch of our Bridge Transaction Enrichment feature. This feature continues to demonstrate our focus and prioritization on DeFi security, empowering institutions to securely transact in DeFi. Fordefi is proud to be the first institutional MPC wallet solution to offer robust transaction enrichment and verification.
Bridge transactions are required in order to move funds between chains. However, bridge transactions are riskier transactions, as they are more prone to exploitation due to their complexity, while adding to the risk of permanently losing your funds by sending to the wrong address. Fordefi’s Bridge Transaction Enrichment generates additional data within the Transaction Simulator on Fordefi’s browser extension, enabling you to validate the bridge name, recipient name, destination chain, and destination address before signing your transaction. Bridge Transaction Enrichment works at the time of transaction on Fordefi’s wallet browser extension, enriching the simulated transaction data with bridging specific details.
Key Features
Bridge Transaction Enrichment fields
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Origin Chain
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Destination Chain
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Destination Address
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Bridge Name
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Recipient Name
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Action
Supported Bridges
In addition to providing enriched bridge transaction data, Fordefi independently verifies all chain and dApp addresses against its own database, alerting you of any discrepancies in your transaction.
Optimize Your Strategy with Secure Cross-Chain Transactions
For institutions interacting in DeFi, security is the number one priority. Without the appropriate tools for safely transferring funds, institutions were forced into alternative methods of transferring assets through centralized routes that could at times be costly. With Fordefi’s MPC technology and Transaction Enrichment, institutions can feel confident that they’re protected in DeFi, enabling them to optimize their strategies with efficient cross-chain transfers.
For more information on how Fordefi’s MPC wallet and security platform can enable your business to safely transact in DeFi, reach out to sales@fordefi.com, today.
About Fordefi
Fordefi’s MPC wallet platform and web3 gateway enables institutions to seamlessly connect to dApps across networks, while keeping digital assets secure. Fordefi is the first institutional wallet and security platform purpose-built for DeFi. Fordefi was founded in 2021 by crypto custody and cybersecurity experts, and designed in close collaboration with crypto industry-leading trading firms, funds and custodians.
