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These days, new L1/L2 projects are starting to sprinkle incentives to boost TVL everywhere.
Old brothers in the group are rushing and complaining, "Mining, selling," while I watch and feel my eyes watering…
Honestly, no matter how attractive the incentives are, when it comes to cross-chain, who do you really trust? You need to think it through first.
Once IBC/message passing/bridges are involved, the core issues are threefold:
Is the source chain accurately recording that “I indeed locked/burned/withdrew” this transaction?
Is the set responsible for relaying messages (relays, proofs, light clients/validation logic) potentially falsifiable or get stuck?
Does the target chain recognize and process the transactions according to the same rules, releasing funds/minting tokens?
Missing any one of these steps can easily lead to the situation of “I thought the funds arrived.”
My current approach is pretty cautious: during the new bridge and chain incentive periods, I only put in money I’m willing to treat as tuition fees, with small amounts and in batches. If it gets stuck, I just see it as practicing patience (staring at pending transactions really can cause stagnation).
Anyway, LPs can withdraw, but if the bridge fails, it’s really a bitter coffee.
That’s how I’m doing it for now.