[music] I need to get something out of my chest. I absolutely love networking. I find that when the networking is going on, I'm always very excited.When I stand in the crowd of the hotel ballroom bringing out business cards, clutching a cup of our produce, I find it quite interesting. Of course, that's a lie. For most of us, networking feels awkward.shallow and sometimes downright painful. In Yoruba, the language spoken by the tribe I'm from in Nigeria, we don't have a word for networking. The word that sou ...

RT Marius | Kamino (@y2kappa)Why now?I was discussing w @TheiaResearch last year at Breakpoint about this and how Solana should technically allow all tokens from all chains.At that time I thought it was going to happen via RFQ and cross chain intents, but I was wrong (they are too slow).It took a year for it to happen.Three key things happened since then:1/ propAMMs became a thing beyond just proof of concept (tight spread on sol usdc and volume dominance)2/ bridges have hardened: Wormhole, LZ, Chainlink ar ...

RT Marius | Kamino (@y2kappa)All assets are cross chain now because bridges and propAMMs have become sufficiently good.Few understand the implications of this. ...

Title is mid and misses the meat of this article, but it's worth pulling forward:Pi² has effectively productized all of the work that is left to validators of chains optimistically settling to Ethereum.That means the ~7d challenge window which is typically full of capital and compute-intensive games between parties can be settled ~instantly and without debates (because math).This imbues a shit ton of verifiable, fast trust between parties, which means bridges, chains, users, et al can move on to once it ob ...

Don't gamble w/ shortcuts → $2.8B+ has been lost in centralized bridges.Hyperbridge brings boring, protocol-level safety to bridging.The gateway for Polkadot <> Ethereum, Arbitrum, Base, BNB and more.@hyperbridge https://t.co/7iNiK7a2qs ...

RT RYAN SΞAN ADAMS - rsa.eth 🦄 (@RyanSAdams)The majority of L2 assets don't inherit Ethereum security even if the L2 is Stage 2.This is a challenge we don't talk enough about in Ethereum. We should face it head on.Below is a compilation of L2 assets compiled by @hazeflow_xyz based on @l2beat data.Only the canonically bridged assets inherit Ethereum security guarantees. That's only 34% of L2 assets.The other 66% rely either on a third-party bridge or the L2 itself.Canonically bridged assets (34%) = EthereumT ...

Hyperbridge is literally shorting every other bridge in your favorite ecosystems.It’s only possible because of Polkadot.Don’t agree? Prove it.@hyperbridgeFirst Positron (@david_of_earth):The only way to match this is to fork Hyperbridge and re-deploy on @Polkadot. Remind me what the economic security of the other bridges is. Oh, they don't have any; they are multisigs. ...

Security Concerns - LayerZero processed $82 million in stolen funds [1] - $2.8 billion total value locked (TVL) shares pools with crime [1] - Stargate contamination technically exposes every liquidity provider (LP) to the Office of Foreign Assets Control (OFAC) [1] On-Chain Activity - Wintermute moved 6,000 ETH (Ethereum) [1] - Blacklisted wallets are contaminating Stargate pools daily [1]

Security Risks - Cross-chain bridges are vulnerable and prone to risks [1] - Billions of dollars have been lost due to bridge vulnerabilities [1] Industry Focus - The industry highlights the importance of understanding the risks associated with cross-chain swapping via bridges [1]

Bridges sound good... until they don’tBridges let you lock tokens on chain A and mint wrapped versions on chain B.But that means you…⚠️ …trust an intermediary⚠️ … get exposed to exploits⚠️ … don't actually "swap", just reissue assetsThe result? $BILLIONS lost in bridge hacks. ...