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Lately, watching cross-chain bridges has been a bit exhausting, but I’m still keeping an eye on them… To be honest, no matter how fancy the bridge is, it ultimately comes down to a few issues: Are the multi-signature signers sufficiently decentralized? Will the oracle price feeds be manipulated to cause a pump? And is anyone really waiting for “confirmation”?
I used to be eager to jump onto another chain to do work, but after being taught a lesson by a confirmation delay + recalculated fees, I realize that taking it slow can really prevent a lot of unnecessary trouble.
Recently, hardware wallets are out of stock everywhere, and phishing links are everywhere. I just dismiss any “official announcement” in the group as fake… Especially with cross-chain, I double-check links, addresses, and signature windows multiple times; I’d rather miss a minute or two.
Anyway, as a lending player, I fear sudden rate spikes and liquidation lines being crossed the most. Any hiccup on the bridge could mean a double whammy—so I’ll play it safe for now.