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RE: 320 Million Dollar Solana Bridge Hack exposes the vulnerabilities of bridges, not your keys, not your crypto!

in LeoFinance3 years ago (edited)

Hi @notak

there needs to be a link between the chains, and usually that's code, and maybe its open source code, but its not immutable on a blockchain, sometimes just sitting on a centralized server. I don't know if there is a solution like chainlike which uses oracles to get data outside the blockchain into the block chain?

Good question!
As I understand it, it is possible to provide trustlessness in decentralized finance with liquidity provision on Thorchain.

Trustlessness is maintained I believe by a combination of no bridges, no wrapping and it is possible to control your assets with your keys up onto the time of pairing. I need to revisit Thorchain as I studied it months ago as a theoretical construct, and now there’s a working product.

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