The leaks · 43 / 86
Bridges
A bridge moves value from one chain to another by locking it in one place and issuing a stand-in in the other. The lock, and the people who run it, are the risk.
Where the money sits
During the move, and often after, the original asset is in a contract or with a custodian. You hold a claim on the other side. If the lock is drained, the claim can become worthless while the original is gone.
The check
Who operates it. How many signatures are needed. Whether you can verify the locked funds. A bridge is not the chain. It is a narrower door, and narrow doors get robbed.
Do not bridge an amount you cannot afford to wait on, or lose.
Check yourself
Is a bridged coin the same as the coin on its home chain?
No. It is a claim, and the lock can fail.
After this you can name who holds the locked funds before you send them across.
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