Rosen Bridge Announces Integration of Dogecoin (DOGE) into Its Secure Cross-Chain Ecosystem

Rosen Bridge announced on Thursday via X that it expects Dogecoin to be integrated into its secure cross-chain ecosystem in around two weeks.

Rosen Bridge is nearly ready to integrate Dogecoin into its secure cross-chain ecosystem, roughly two weeks from now. The development will allow DOGE to be used for yield farming, staking, and privacy features.

The addition of Dogecoin to Rosen Bridge’s ecosystem is progressing well, with an integration expected in approximately two weeks, Rosen Bridge announced Thursday via X.

Dogecoin (DOGE) holders will soon gain access to a variety of DeFi opportunities through Rosen Bridge’s secure cross-chain technology.

The integration will allow DOGE to be used for yield farming, staking, and privacy features, and other opportunities. This will enhance Dogecoin’s utility and adoption while leveraging Rosen’s high-security bridge technology for trusted cross-chain access on Ergo, Cardano, Ethereum, and BNB.

“Rosen integrating Doge into its secure ecosystem is progressing well, 2 weeks?” the announcement read.

“DOGE enabling holders to access yield farming, staking, privacy features and other opportunities. This enhances Dogecoin’s utility and adoption while leveraging Rosen’s high-security bridge technology for trusted cross-chain access on Ergo, Cardano, Ethereum, and BNB.”

Rosen Bridge's forthcoming Dogecoin integration follows the project's official launch on Ergo Mainnet in December 2023. In a press release at the time, the team underscored the importance of secure, interoperable infrastructure for the future of decentralized finance.

“As the industry has grown, the need for secure interoperable blockchain infrastructure has become increasingly important,” the team said. “In order for the DeFi sector to truly flourish, decentralization and open source tooling must be the priority. With the launch of Rosen Bridge, we establish a new standard in bridge security with clear open assumptions – one that has the potential to revolutionize the industry and establish Ergo as a hub for the intersection of multiple blockchains.”

The release went on to explain how cross-chain interoperability can break down the barriers between isolated blockchain ecosystems. By facilitating native asset swaps between blockchains such as Cardano, Ethereum, Binance Smart Chain, and soon Dogecoin, Rosen Bridge aims to unlock new levels of collaboration and innovation.

Rosen Bridge's approach is anchored by Ergo's proof-of-work model, which the team describes as “time tested and robust.” Unlike many existing cross-chain protocols, the core security logic for Rosen Bridge resides on Ergo itself, minimizing the need for external smart contracts that can introduce vulnerabilities on other networks.

According to the team, previous bridge technology on other blockchains has required that the interacting blockchains execute smart contracts on their respective networks – a scenario that can create multiple attack vectors. In contrast, Rosen Bridge operates with a two-layer authentication system made up of “Watchers” and “Guards.”

Watchers monitor and reach consensus on events across the integrated blockchains. Once a consensus is achieved, the Guards verify these events and finalize the transactions. This modular architecture allows Rosen to scale more efficiently while maintaining a strong security posture.

Currently, the Rosen Bridge supports Cardano on the Ergo Mainnet, enabling direct swaps and cross-chain operations without heavily taxing each participating network's resources. The addition of DOGE means that Dogecoin holders will be able to participate in a range of DeFi applications, bridging an asset that has historically been limited in utility to new frontiers of staking, privacy, and yield farming.

At press time, DOGE traded at $0.16.