DeFiBeat
Methodology

bridge protocol review

Wormhole

Cross-chain messaging and token transfer infrastructure whose guardian and relayer assumptions can affect bridged collateral.

under reviewhigh
TVL
$0
Protocol reported or analyst-entered value.
Exposure
$1.10B
Mapped collateral and market exposure.
Dependencies
11
1 critical dependencies.
Markets
1
3 monitor signals configured.

Protocol facts

Static fields from the typed research record.

ProductsMessaging, Token bridge, Guardian set
ChainsEthereum, Arbitrum One, Base, OP Mainnet, Polygon PoS
Categorybridge
Review statusunder review

Markets

Collateral, oracle, cap, and liquidation parameters by market.

1 rows
MarketChainCollateralOraclesLTVLiquidationSupply capBorrow capUtilization
Bridged asset routesEthereum
USDCUSDTWETHWBTC
monitor:bridge:guardian-config0%0%$900.0M$0
64.0%

Risk findings

Findings separate the observed evidence from the analyst outcome.

SeverityDimensionFindingOutcomeEvidenceSources
highbridge wrapperGuardian assumptions affect bridged assetsA bridge or watcher can release unbacked assets.Bridged collateral depends on bridge verification and guardian configuration.
Wormhole docs

Dependency edges

Inbound and outbound trust assumptions touching this protocol.

SeverityDirectionEdge typeDependency pathAnalyst label
highoutboundverified byWormhole -> EthereumWormhole bridge releases should be checked against Ethereum lock or burn state
lowoutboundsettles onWormhole -> EthereumWormhole deployment inherits Ethereum settlement risk

Blast radius

Highest-severity paths that could transmit risk into or out of this protocol.

2 paths
SeverityDirectionEdge typeDependency pathAnalyst label
highoutboundverified byWormhole -> EthereumWormhole bridge releases should be checked against Ethereum lock or burn state
lowoutboundsettles onWormhole -> EthereumWormhole deployment inherits Ethereum settlement risk