Webb Finance Stoke
Webb Finance Stoke: A Liquidity Bridge Embroiled in Controversy
Webb Finance, particularly its token Stoke (STOK), promised to revolutionize decentralized finance (DeFi) by providing a cross-chain liquidity bridge. The core concept was to facilitate seamless asset transfers between different blockchain networks, solving the fragmentation issue that plagued the early DeFi landscape. By leveraging multi-party computation (MPC) and threshold signature schemes (TSS), Webb Finance aimed to create a secure and efficient system for moving assets like wrapped BTC or ETH across chains like Ethereum, Polkadot, and eventually others. This theoretically allowed users to participate in DeFi opportunities regardless of the blockchain they initially held assets on.