Lately, talking about IBC / cross-chain stuff, it’s starting to look more and more like waiting in line at a nightclub: you think it’s just a ticket, but actually at the entrance, security, wristbands, and guards all need to trust. A cross-chain transaction, to be honest, involves quite a few components that need trust: the source chain shouldn’t rollback itself, the light client/validator set shouldn’t sign blindly, relayers shouldn’t slack off in transporting, the target chain’s modules shouldn’t be written to explode, plus the bridge’s contract permissions and upgrade keys… any part going wrong can send your money “to another dimension.”

Now everyone is comparing RWA, US bond yields, and on-chain yield products together, and I get even more sensitive: the yields look tempting, but is the underlying “message trustworthiness” or “people trustworthiness,” which makes a huge difference. Anyway, I get itchy for short-term trades too, but before cross-chain transactions, it’s better to revoke old authorizations first, so you don’t wake up in the middle of the night feeling stupid.