Arbalest Bridge
Lock-and-mint token bridge secured by a validator threshold.
Tokens locked on Ethereum are minted as wrapped representations on Base and Arbitrum after a threshold of validators signs the transfer message. A rate limiter caps outflows per asset and per window.
- Ecosystem
- Ethereum, Base, Arbitrum
- Category
- Bridge
- Languages
- Solidity
- Launched
- Nov 2025
Grade B · Elevated risk
Elevated risk; material weaknesses identified.
+2.9 since Nov 2025 · +1.0 since Jul 2026
Quantix Protocol Research · as of 24 Oct 2026 · About this data
Risk Index
How the score is built
| Component | Weight | Value | Points | Gap |
|---|---|---|---|---|
| Code Security | 30% | 64 | 19.2 | −10.8 |
| Operational Security | 20% | 66 | 13.2 | −6.8 |
| Governance Risk | 15% | 62 | 9.3 | −5.7 |
| Economic Security | 15% | 74 | 11.1 | −3.9 |
| Infrastructure Resilience | 10% | 70 | 7.0 | −3.0 |
| Transparency | 10% | 72 | 7.2 | −2.8 |
| Quantix Risk Index | 100% | 67.0 | −33.0 |
| Component | Arbalest Bridge |
|---|---|
| Code | 64 |
| Operational | 66 |
| Governance | 62 |
| Economic | 74 |
| Infrastructure | 70 |
| Transparency | 72 |
Grade scale
- AAA90–100
- AA85–89.9
- A80–84.9
- BBB75–79.9
- BB70–74.9
- B65–69.9
- CCC60–64.9
- CC55–59.9
- C50–54.9
- D0–49.9
Score history
12 monthly snapshots
| Period | Quantix Risk Index |
|---|---|
| Nov ’25 | 64.1 |
| Dec ’25 | 64.1 |
| Jan ’26 | 65.0 |
| Feb ’26 | 65.0 |
| Mar ’26 | 65.0 |
| Apr ’26 | 65.0 |
| May ’26 | 66.0 |
| Jun ’26 | 66.0 |
| Jul ’26 | 66.0 |
| Aug ’26 | 66.0 |
| Sep ’26 | 66.0 |
| Oct ’26 | 67.0 |
6 Oct 2026
Research assessment
Research assessment completed: Bridge Security Assessment
8 findings (1 critical, 2 high, 3 medium, 1 low, 1 informational). 1 critical or high finding remains open.
Read the research assessment- Code Security+3
- Transparency+1
11 May 2026
Governance
Validator set expanded
Threshold moved from 3-of-5 to 5-of-9 with operators on two providers.
- Governance Risk+5
- Infrastructure Resilience+3
26 Jan 2026
Economic
Rate limiter deployed
Per-asset outflow caps on the gateway.
- Economic Security+6
Risk factors
HighCode SecurityFrom the research assessment
1 open critical or high finding
The research assessment reports 0 critical and 1 high findings still open or partially resolved. Code Security reflects this exposure until fixes are verified.
HighGovernance RiskProfile analysis
Validator quorum controls upgrades
The same five keys that approve transfers can replace the gateway logic, so a quorum compromise is total compromise.
MediumEconomic SecurityProfile analysis
Per-asset, not global, rate limits
An attacker with forged approvals could drain several assets in parallel, each under its own cap.
MediumTransparencyProfile analysis
Unverified destination contracts
Users cannot independently confirm the wrapped-token logic on destination chains.
Recommendations
Governance Risk: 62 → 78
72-hour timelock on upgrades and validator rotation
Separate the upgrade role from the validator set and delay its actions.
+2.4
→ 69.4
Economic Security: 74 → 82
Global outflow cap
Bound total value released per window across all assets.
+1.2
→ 68.2
Transparency: 72 → 82
Verify all destination deployments
Publish and verify wrapped-token implementations and proxies.
+1.0
→ 68.0
Analysis
Contract, governance and operations
Contract analysis
- Source
- Partially verified
- Upgradeability
- Transparent proxy
- Administrative control
- 5-of-9 validator multisig, no upgrade delay
- Enforced delay
- None identified
- External dependencies
- Validator signing infrastructure; Destination-chain RPC providers
- CautionValidator threshold. 5 of 9 signatures release funds or mint wrapped tokens.
- FailUpgrade delay. Gateway and verifier upgrades execute immediately.
- PassRate limiter. Per-asset outflow caps per window.
- CautionDestination verification. Wrapped token implementations on Base and Arbitrum not yet verified.
Governance exposure
High
The validator multisig controls both message approval and upgrades; there is no delay between a decision and its execution.
Operational resilience
Adequate
Validators run on two cloud providers; key ceremonies are documented but not independently witnessed.
Monitoring
Monitoring history
- 2 Jun 2026InformationalUSDC outflow at 62% of the 6-hour limitWhale Activity · RateLimiterResolved
- 27 Jan 2026MediumWETH outflow at 86% of the 6-hour limitWhale Activity · RateLimiterResolved
Research assessment
QX-TSA-2026-005Bridge Security AssessmentUnder Review
Lock-and-mint bridge contracts on Ethereum, Base and Arbitrum: gateway, message verification, validator set, token vault, wrapped token and rate limiter.
Review 21 Sept 2026 – 6 Oct 2026
- 4 resolved
- 1 partially resolved
- 1 acknowledged
- 2 open
Research
Relevant research
Architecture
System components
- Gateway
- Locks and releases canonical tokens on the source chain
- MessageVerifier
- Checks validator signatures over transfer messages
- ValidatorSet
- Validator membership, threshold and rotation
- WrappedToken
- Mintable representation on destination chains
- RateLimiter
- Per-asset outflow caps
Turn risk factors into a remediation plan.
A research assessment traces each weakness to code, configuration or process, and verifies the fix before the score moves.
