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

in LeoFinance • 3 years ago

This same trust issue appears not just on bridges, but on EVERY dex.
You send your tokens to a smart contract and pray it won't get rug-pulled.

We have this awesome technology of smart contracts with the promise of trustless finances, but the current ones fail to deliver.

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3 years ago in LeoFinance by
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     3 years ago  

    Ha Ha HA... your right.
    We are constantly confronted with trusted situations, even though we came here for the trustless security.
    This is one reason the knowing the developers of the projects you invest in is so important. You should know who you are trusting.

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     3 years ago  

    I hope we see an evm chain with some kind of delegation mechanics soon. Then we can build a dex where you don't have to trust, and the admins can't rugpull.

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     3 years ago (edited) 

    You propose an interesting solution. Delegation is a perfect solution to trusted situations.

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