Recently, I saw new L1/L2 incentives to boost TVL again, and old users are rushing in while complaining "mining, selling, and taking profits"... I don't really care who can profit from it, but I'm more worried about cross-chain bridge issues: having your funds stuck in the bridge is more uncomfortable than slippage exploding.



I used to always say "I only look at on-chain," but now I've changed my tune—looking only on-chain can also be biased. On-chain, you can see how many multisig keys there are, who the signers are, whether they are the same group; but you can't see how they make decisions in their group chat at midnight. Oracles are the same—on-chain only shows you the price feed path, but if there's extreme market movement or a node hiccup, does the bridge directly flag your "price anomaly" and pause? It's hard to bet on that.

So now I prefer to be slower when cross-chain: waiting until it's confirmed that it's not some metaphysical thing, and giving myself time for reorganization, rollback, or delayed price feeds to be exposed first. Honestly, fast is fast, but if a bug pops up on the bridge side, you won't even know who to curse. Anyway, I do small tests and split transactions; if I can avoid cross-chain, I do. It’s more worry-free.
L1-6.25%
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