I almost had a crash just now... During the cross-chain transfer, I accidentally copied the wrong address by one character, and only realized after clicking. My heartbeat immediately skyrocketed. Luckily, I have a habit of "waiting for confirmation," so I took an extra look at the deposit records on the bridge and the contract page, or I would have paid the tuition on the spot.



To put it simply, with cross-chain bridges, the biggest risk isn't slowness, but thinking they're reliable. Multi-signature looks reassuring, like "several people managing the funds together," but who signs, what the threshold is, and whether it can be drained in one go—these are hard to perceive from the outside; oracles are the same—if the price feed or status feed malfunctions, the entire logic on the bridge can go awry. Now everyone compares RWA and US bond yields to on-chain yield products, and I also get dizzy, but no matter how attractive the returns are, if the underlying bridge has issues, the yield is just paper tea aroma... For now, I prefer to wait for more confirmations anyway.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin