My current understanding of cross-chain is basically: avoid cross-chain if you can… If you really have to cross, don’t be too superstitious about “IBC sounds very native and must be safe,” at most it’s just saving some worry, but the components you need to trust are not less. To put it simply, you’re trusting not only Chain A + B, but also the light client / validator set, relayer (the transporter)—don’t drop the chain, whether the channel/connection is properly paired, and whether the receiving contract/module on the destination chain is not miswritten; any malfunction in any link in the chain makes funds stuck on the bridge worse than me setting the stop-loss wrong.

Recently, I see everyone comparing RWA, US bond yields, on-chain yield products together, and I feel even more hesitant: the yields look “stable,” but that cross-chain transfer actually packages and transfers the risk, and no matter how attractive the interest is, I first have to ask: how many layers of message passing does this yield rely on to reach my wallet? I’d rather pay a bit more slippage than add an extra layer of trust… that’s all for now.