Pith Number

pith:QHIKV5SI

pith:2026:QHIKV5SI5DFXE6BRDYFVXOUZOF

not attested not anchored not stored refs resolved

Interoperability Effects: Extending DeFi Lending Risk Models to Multi-Chain Environments

Hasret Ozan Sevim

Cross-chain bridge activity significantly affects DeFi lending TVL and revenue with heterogeneous directions.

arxiv:2605.12508 v1 · 2026-03-23 · cs.SI · cs.CR · q-fin.RM

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\usepackage{pith}
\pithnumber{QHIKV5SI5DFXE6BRDYFVXOUZOF}

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Record completeness

1 Bitcoin timestamp

2 Internet Archive

3 Author claim open · sign in to claim

4 Citations open

5 Replications open

✓ Portable graph bundle live · download bundle · merged state

The bundle contains the canonical record plus signed events. A mirror can host it anywhere and recompute the same current state with the deterministic merge algorithm.

Claims

C1strongest claim

Bridge volume exerts a significant effect on TVL and revenue across different categories, though the direction varies heterogeneously; increased bridge integrations are associated with decreased TVL and protocol revenue.

C2weakest assumption

The observational data from October 2022 to January 2025 allows causal interpretation of bridge activity on protocol performance without substantial endogeneity or omitted-variable bias from unmeasured market conditions.

C3one line summary

Bridge volume and integrations show heterogeneous effects on DeFi lending TVL and revenue, with more bridges linked to liquidity outflows and bridge hacks to positive performance shifts.

References

39 extracted · 39 resolved · 0 Pith anchors

[1] Decentralized Finance: On Blockchain- and Smart Contract-Based Financial Markets, Federal Reserve Bank of St 2021 · doi:10.20955/r.103.153-74

[2] Cross-chain technologies: Challenges and opportunities for blockchain interoperability, 2023 · doi:10.1109/coins57856.2023.10189298

[3] DeFiLlama, DeFi analytics platform, URL: https://defillama.com (ac- cessed Jan. 1, 2025) 2025

[4] arXiv:2404.11745 (2025) 2025

[5] Automated risk management mechanisms in DeFi lending protocols: A cross-chain comparative anal- ysis of Aave and Compound, · doi:10.48550/arxiv.2506.12855

Receipt and verification

First computed	2026-05-18T03:10:03.089492Z
Builder	pith-number-builder-2026-05-17-v1
Signature	Pith Ed25519 (`pith-v1-2026-05`) · public key
Schema	pith-number/v1.0

Canonical hash

81d0aaf648e8cb7278311e0b5bba99717754a7efe9116fbf56600dacb8d90ff3

Aliases

arxiv: 2605.12508 · arxiv_version: 2605.12508v1 · doi: 10.48550/arxiv.2605.12508 · pith_short_12: QHIKV5SI5DFX · pith_short_16: QHIKV5SI5DFXE6BR · pith_short_8: QHIKV5SI

Agent API

Resolver JSON Graph JSON Events JSON Schema Signing key

Verify this Pith Number yourself

curl -sH 'Accept: application/ld+json' https://pith.science/pith/QHIKV5SI5DFXE6BRDYFVXOUZOF \
  | jq -c '.canonical_record' \
  | python3 -c "import sys,json,hashlib; b=json.dumps(json.loads(sys.stdin.read()), sort_keys=True, separators=(',',':'), ensure_ascii=False).encode(); print(hashlib.sha256(b).hexdigest())"
# expect: 81d0aaf648e8cb7278311e0b5bba99717754a7efe9116fbf56600dacb8d90ff3

Canonical record JSON

{
  "metadata": {
    "abstract_canon_sha256": "8639f9a61c98be017fab1544e3f1e0421fc4cb86eedbc03819c1de41c0558d76",
    "cross_cats_sorted": [
      "cs.CR",
      "q-fin.RM"
    ],
    "license": "http://arxiv.org/licenses/nonexclusive-distrib/1.0/",
    "primary_cat": "cs.SI",
    "submitted_at": "2026-03-23T23:22:16Z",
    "title_canon_sha256": "759dceccc0d3accbdabcb973f83c9892f458316a87f72489b76425f80b05b2fc"
  },
  "schema_version": "1.0",
  "source": {
    "id": "2605.12508",
    "kind": "arxiv",
    "version": 1
  }
}