{"bundle_type":"pith_open_graph_bundle","bundle_version":"1.0","pith_number":"pith:2026:QHIKV5SI5DFXE6BRDYFVXOUZOF","short_pith_number":"pith:QHIKV5SI","canonical_record":{"source":{"id":"2605.12508","kind":"arxiv","version":1},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"cs.SI","submitted_at":"2026-03-23T23:22:16Z","cross_cats_sorted":["cs.CR","q-fin.RM"],"title_canon_sha256":"759dceccc0d3accbdabcb973f83c9892f458316a87f72489b76425f80b05b2fc","abstract_canon_sha256":"8639f9a61c98be017fab1544e3f1e0421fc4cb86eedbc03819c1de41c0558d76"},"schema_version":"1.0"},"canonical_sha256":"81d0aaf648e8cb7278311e0b5bba99717754a7efe9116fbf56600dacb8d90ff3","source":{"kind":"arxiv","id":"2605.12508","version":1},"source_aliases":[{"alias_kind":"arxiv","alias_value":"2605.12508","created_at":"2026-05-18T03:10:03Z"},{"alias_kind":"arxiv_version","alias_value":"2605.12508v1","created_at":"2026-05-18T03:10:03Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.2605.12508","created_at":"2026-05-18T03:10:03Z"},{"alias_kind":"pith_short_12","alias_value":"QHIKV5SI5DFX","created_at":"2026-05-18T12:33:37Z"},{"alias_kind":"pith_short_16","alias_value":"QHIKV5SI5DFXE6BR","created_at":"2026-05-18T12:33:37Z"},{"alias_kind":"pith_short_8","alias_value":"QHIKV5SI","created_at":"2026-05-18T12:33:37Z"}],"events":[{"event_type":"record_created","subject_pith_number":"pith:2026:QHIKV5SI5DFXE6BRDYFVXOUZOF","target":"record","payload":{"canonical_record":{"source":{"id":"2605.12508","kind":"arxiv","version":1},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"cs.SI","submitted_at":"2026-03-23T23:22:16Z","cross_cats_sorted":["cs.CR","q-fin.RM"],"title_canon_sha256":"759dceccc0d3accbdabcb973f83c9892f458316a87f72489b76425f80b05b2fc","abstract_canon_sha256":"8639f9a61c98be017fab1544e3f1e0421fc4cb86eedbc03819c1de41c0558d76"},"schema_version":"1.0"},"canonical_sha256":"81d0aaf648e8cb7278311e0b5bba99717754a7efe9116fbf56600dacb8d90ff3","receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-05-18T03:10:03.090171Z","signature_b64":"Ix3HUhCdH72PfGeP4xOz5xNioaq/FWyw5t41x2/NKz+K6ZX6hVxtUYDbts+vfb3Gn+SFnEBktbfigmdGTsjNCg==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"81d0aaf648e8cb7278311e0b5bba99717754a7efe9116fbf56600dacb8d90ff3","last_reissued_at":"2026-05-18T03:10:03.089492Z","signature_status":"signed_v1","first_computed_at":"2026-05-18T03:10:03.089492Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"source_kind":"arxiv","source_id":"2605.12508","source_version":1,"attestation_state":"computed"},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-18T03:10:03Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"LMBFlgvz3DchWvua3R8/29kRCe7yv97unm097RLU8DR7fjr073k5DLoqV4Bac4kB6GmV/UwxXub2yfBHoR2EAw==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-05-30T21:15:06.506360Z"},"content_sha256":"54c6ae5c4729e7e8141a6268a603eb60e65635352a3210029b4f247c83fa4829","schema_version":"1.0","event_id":"sha256:54c6ae5c4729e7e8141a6268a603eb60e65635352a3210029b4f247c83fa4829"},{"event_type":"graph_snapshot","subject_pith_number":"pith:2026:QHIKV5SI5DFXE6BRDYFVXOUZOF","target":"graph","payload":{"graph_snapshot":{"paper":{"title":"Interoperability Effects: Extending DeFi Lending Risk Models to Multi-Chain Environments","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"Cross-chain bridge activity significantly affects DeFi lending TVL and revenue with heterogeneous directions.","cross_cats":["cs.CR","q-fin.RM"],"primary_cat":"cs.SI","authors_text":"Hasret Ozan Sevim","submitted_at":"2026-03-23T23:22:16Z","abstract_excerpt":"On-chain lending has expanded across multiple distributed ledgers as DeFi becomes increasingly multi-chain. This environment introduces novel technical and financial mechanisms, particularly cross-blockchain communication and asset transfer protocols, yet cross-chain elements remain understudied in lending protocol risk management. To address this gap, we applied panel regression fixed effects and OLS models to empirically analyze cross-blockchain interoperability solutions, using TVL and total revenue as performance proxies from October 2022 to January 2025. Our data set covers 15 decentraliz"},"claims":{"count":4,"items":[{"kind":"strongest_claim","text":"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.","source":"verdict.strongest_claim","status":"machine_extracted","claim_id":"C1","attestation":"unclaimed"},{"kind":"weakest_assumption","text":"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.","source":"verdict.weakest_assumption","status":"machine_extracted","claim_id":"C2","attestation":"unclaimed"},{"kind":"one_line_summary","text":"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.","source":"verdict.one_line_summary","status":"machine_extracted","claim_id":"C3","attestation":"unclaimed"},{"kind":"headline","text":"Cross-chain bridge activity significantly affects DeFi lending TVL and revenue with heterogeneous directions.","source":"verdict.pith_extraction.headline","status":"machine_extracted","claim_id":"C4","attestation":"unclaimed"}],"snapshot_sha256":"7c4764a019314625e94bb213632ef703f7715d187a3e30db1399451a0085ba02"},"source":{"id":"2605.12508","kind":"arxiv","version":1},"verdict":{"id":"3430b8f5-7da3-4a55-9c58-28eda56b966c","model_set":{"reader":"grok-4.3"},"created_at":"2026-05-15T00:10:12.680809Z","strongest_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.","one_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.","pipeline_version":"pith-pipeline@v0.9.0","weakest_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.","pith_extraction_headline":"Cross-chain bridge activity significantly affects DeFi lending TVL and revenue with heterogeneous directions."},"references":{"count":39,"sample":[{"doi":"10.20955/r.103.153-74","year":2021,"title":"Decentralized Finance: On Blockchain- and Smart Contract-Based Financial Markets, Federal Reserve Bank of St","work_id":"cd67207b-4cf3-4436-bd56-6fc6bf350319","ref_index":1,"cited_arxiv_id":"","is_internal_anchor":false},{"doi":"10.1109/coins57856.2023.10189298","year":2023,"title":"Cross-chain technologies: Challenges and opportunities for blockchain interoperability,","work_id":"d1a2d30f-5d0c-4c34-bc55-8927a149378b","ref_index":2,"cited_arxiv_id":"","is_internal_anchor":false},{"doi":"","year":2025,"title":"DeFiLlama, DeFi analytics platform, URL: https://defillama.com (ac- cessed Jan. 1, 2025)","work_id":"79ab193b-e5bd-43d6-933b-34168fa23db1","ref_index":3,"cited_arxiv_id":"","is_internal_anchor":false},{"doi":"","year":2025,"title":"arXiv:2404.11745 (2025)","work_id":"07977cc5-fd53-47b2-87c0-c091d483ca74","ref_index":4,"cited_arxiv_id":"","is_internal_anchor":false},{"doi":"10.48550/arxiv.2506.12855","year":null,"title":"Automated risk management mechanisms in DeFi lending protocols: A cross-chain comparative anal- ysis of Aave and Compound,","work_id":"cae5e68e-423d-4003-bc64-6687de65851b","ref_index":5,"cited_arxiv_id":"","is_internal_anchor":false}],"resolved_work":39,"snapshot_sha256":"9cda42c9a9049f744e8d543fd9ac7fa01c0486f31b9032d3a0250d300915814d","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"verdict_id":"3430b8f5-7da3-4a55-9c58-28eda56b966c"},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-18T03:10:03Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"Ubc4PC38z5O6WG39rMqa0vyaJI1c0OiWJcvTt8oNZXqinfryDbdukMbhRtfhN2mcm9hIwRwtYymdIMDIK+WkBw==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-05-30T21:15:06.506880Z"},"content_sha256":"aa1bd04241f7e318454d2bc86366f248e890a719a8928f1e8204e9855de1521e","schema_version":"1.0","event_id":"sha256:aa1bd04241f7e318454d2bc86366f248e890a719a8928f1e8204e9855de1521e"}],"timestamp_proofs":[],"mirror_hints":[{"mirror_type":"https","name":"Pith Resolver","base_url":"https://pith.science","bundle_url":"https://pith.science/pith/QHIKV5SI5DFXE6BRDYFVXOUZOF/bundle.json","state_url":"https://pith.science/pith/QHIKV5SI5DFXE6BRDYFVXOUZOF/state.json","well_known_bundle_url":"https://pith.science/.well-known/pith/QHIKV5SI5DFXE6BRDYFVXOUZOF/bundle.json","status":"primary"}],"public_keys":[{"key_id":"pith-v1-2026-05","algorithm":"ed25519","format":"raw","public_key_b64":"stVStoiQhXFxp4s2pdzPNoqVNBMojDU/fJ2db5S3CbM=","public_key_hex":"b2d552b68890857171a78b36a5dccf368a953413288c353f7c9d9d6f94b709b3","fingerprint_sha256_b32_first128bits":"RVFV5Z2OI2J3ZUO7ERDEBCYNKS","fingerprint_sha256_hex":"8d4b5ee74e4693bcd1df2446408b0d54","rotates_at":null,"url":"https://pith.science/pith-signing-key.json","notes":"Pith uses this Ed25519 key to sign canonical record SHA-256 digests. Verify with: ed25519_verify(public_key, message=canonical_sha256_bytes, signature=base64decode(signature_b64))."}],"merge_version":"pith-open-graph-merge-v1","built_at":"2026-05-30T21:15:06Z","links":{"resolver":"https://pith.science/pith/QHIKV5SI5DFXE6BRDYFVXOUZOF","bundle":"https://pith.science/pith/QHIKV5SI5DFXE6BRDYFVXOUZOF/bundle.json","state":"https://pith.science/pith/QHIKV5SI5DFXE6BRDYFVXOUZOF/state.json","well_known_bundle":"https://pith.science/.well-known/pith/QHIKV5SI5DFXE6BRDYFVXOUZOF/bundle.json"},"state":{"state_type":"pith_open_graph_state","state_version":"1.0","pith_number":"pith:2026:QHIKV5SI5DFXE6BRDYFVXOUZOF","merge_version":"pith-open-graph-merge-v1","event_count":2,"valid_event_count":2,"invalid_event_count":0,"equivocation_count":0,"current":{"canonical_record":{"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}},"source_aliases":[{"alias_kind":"arxiv","alias_value":"2605.12508","created_at":"2026-05-18T03:10:03Z"},{"alias_kind":"arxiv_version","alias_value":"2605.12508v1","created_at":"2026-05-18T03:10:03Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.2605.12508","created_at":"2026-05-18T03:10:03Z"},{"alias_kind":"pith_short_12","alias_value":"QHIKV5SI5DFX","created_at":"2026-05-18T12:33:37Z"},{"alias_kind":"pith_short_16","alias_value":"QHIKV5SI5DFXE6BR","created_at":"2026-05-18T12:33:37Z"},{"alias_kind":"pith_short_8","alias_value":"QHIKV5SI","created_at":"2026-05-18T12:33:37Z"}],"graph_snapshots":[{"event_id":"sha256:aa1bd04241f7e318454d2bc86366f248e890a719a8928f1e8204e9855de1521e","target":"graph","created_at":"2026-05-18T03:10:03Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"graph_snapshot":{"author_claims":{"count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","strong_count":0},"builder_version":"pith-number-builder-2026-05-17-v1","claims":{"count":4,"items":[{"attestation":"unclaimed","claim_id":"C1","kind":"strongest_claim","source":"verdict.strongest_claim","status":"machine_extracted","text":"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."},{"attestation":"unclaimed","claim_id":"C2","kind":"weakest_assumption","source":"verdict.weakest_assumption","status":"machine_extracted","text":"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."},{"attestation":"unclaimed","claim_id":"C3","kind":"one_line_summary","source":"verdict.one_line_summary","status":"machine_extracted","text":"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."},{"attestation":"unclaimed","claim_id":"C4","kind":"headline","source":"verdict.pith_extraction.headline","status":"machine_extracted","text":"Cross-chain bridge activity significantly affects DeFi lending TVL and revenue with heterogeneous directions."}],"snapshot_sha256":"7c4764a019314625e94bb213632ef703f7715d187a3e30db1399451a0085ba02"},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"paper":{"abstract_excerpt":"On-chain lending has expanded across multiple distributed ledgers as DeFi becomes increasingly multi-chain. This environment introduces novel technical and financial mechanisms, particularly cross-blockchain communication and asset transfer protocols, yet cross-chain elements remain understudied in lending protocol risk management. To address this gap, we applied panel regression fixed effects and OLS models to empirically analyze cross-blockchain interoperability solutions, using TVL and total revenue as performance proxies from October 2022 to January 2025. Our data set covers 15 decentraliz","authors_text":"Hasret Ozan Sevim","cross_cats":["cs.CR","q-fin.RM"],"headline":"Cross-chain bridge activity significantly affects DeFi lending TVL and revenue with heterogeneous directions.","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"cs.SI","submitted_at":"2026-03-23T23:22:16Z","title":"Interoperability Effects: Extending DeFi Lending Risk Models to Multi-Chain Environments"},"references":{"count":39,"internal_anchors":0,"resolved_work":39,"sample":[{"cited_arxiv_id":"","doi":"10.20955/r.103.153-74","is_internal_anchor":false,"ref_index":1,"title":"Decentralized Finance: On Blockchain- and Smart Contract-Based Financial Markets, Federal Reserve Bank of St","work_id":"cd67207b-4cf3-4436-bd56-6fc6bf350319","year":2021},{"cited_arxiv_id":"","doi":"10.1109/coins57856.2023.10189298","is_internal_anchor":false,"ref_index":2,"title":"Cross-chain technologies: Challenges and opportunities for blockchain interoperability,","work_id":"d1a2d30f-5d0c-4c34-bc55-8927a149378b","year":2023},{"cited_arxiv_id":"","doi":"","is_internal_anchor":false,"ref_index":3,"title":"DeFiLlama, DeFi analytics platform, URL: https://defillama.com (ac- cessed Jan. 1, 2025)","work_id":"79ab193b-e5bd-43d6-933b-34168fa23db1","year":2025},{"cited_arxiv_id":"","doi":"","is_internal_anchor":false,"ref_index":4,"title":"arXiv:2404.11745 (2025)","work_id":"07977cc5-fd53-47b2-87c0-c091d483ca74","year":2025},{"cited_arxiv_id":"","doi":"10.48550/arxiv.2506.12855","is_internal_anchor":false,"ref_index":5,"title":"Automated risk management mechanisms in DeFi lending protocols: A cross-chain comparative anal- ysis of Aave and Compound,","work_id":"cae5e68e-423d-4003-bc64-6687de65851b","year":null}],"snapshot_sha256":"9cda42c9a9049f744e8d543fd9ac7fa01c0486f31b9032d3a0250d300915814d"},"source":{"id":"2605.12508","kind":"arxiv","version":1},"verdict":{"created_at":"2026-05-15T00:10:12.680809Z","id":"3430b8f5-7da3-4a55-9c58-28eda56b966c","model_set":{"reader":"grok-4.3"},"one_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.","pipeline_version":"pith-pipeline@v0.9.0","pith_extraction_headline":"Cross-chain bridge activity significantly affects DeFi lending TVL and revenue with heterogeneous directions.","strongest_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.","weakest_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."}},"verdict_id":"3430b8f5-7da3-4a55-9c58-28eda56b966c"}}],"author_attestations":[],"timestamp_anchors":[],"storage_attestations":[],"citation_signatures":[],"replication_records":[],"corrections":[],"mirror_hints":[],"record_created":{"event_id":"sha256:54c6ae5c4729e7e8141a6268a603eb60e65635352a3210029b4f247c83fa4829","target":"record","created_at":"2026-05-18T03:10:03Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"attestation_state":"computed","canonical_record":{"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}},"canonical_sha256":"81d0aaf648e8cb7278311e0b5bba99717754a7efe9116fbf56600dacb8d90ff3","receipt":{"algorithm":"ed25519","builder_version":"pith-number-builder-2026-05-17-v1","canonical_sha256":"81d0aaf648e8cb7278311e0b5bba99717754a7efe9116fbf56600dacb8d90ff3","first_computed_at":"2026-05-18T03:10:03.089492Z","key_id":"pith-v1-2026-05","kind":"pith_receipt","last_reissued_at":"2026-05-18T03:10:03.089492Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","receipt_version":"0.3","signature_b64":"Ix3HUhCdH72PfGeP4xOz5xNioaq/FWyw5t41x2/NKz+K6ZX6hVxtUYDbts+vfb3Gn+SFnEBktbfigmdGTsjNCg==","signature_status":"signed_v1","signed_at":"2026-05-18T03:10:03.090171Z","signed_message":"canonical_sha256_bytes"},"source_id":"2605.12508","source_kind":"arxiv","source_version":1}}},"equivocations":[],"invalid_events":[],"applied_event_ids":["sha256:54c6ae5c4729e7e8141a6268a603eb60e65635352a3210029b4f247c83fa4829","sha256:aa1bd04241f7e318454d2bc86366f248e890a719a8928f1e8204e9855de1521e"],"state_sha256":"869404610df71ce9c63e04c80af5292fa2adeee07ed0de82562cd89a2e8461fb"},"bundle_signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"MAB7oFPAUg5YDdIkRsA+DPEU1if5PhvXWiy1yOBfFe4Ls7OabR0pO/V08mxPrzIHSJBNkgnS+dJUPNaSqf/nAQ==","signed_message":"bundle_sha256_bytes","signed_at":"2026-05-30T21:15:06.509387Z","bundle_sha256":"e5ae2b16132f19bbed6714edb1e17adf2036d8f925825a59d34fe7cc918fb89b"}}