Dossier
Multisig bridges
Coverage of Multisig bridges in the Nexus archive.
- anyone else getting paranoid about how centralized eth liquid staking has become lately
The article discusses concerns about the centralization of ETH liquid staking (LST) platforms, highlighting risks from relying on a few centralized entities and recent DeFi exploits. The author expresses anxiety over tail risks and poor hedging options, such as converting to fiat or using vulnerable wrapped assets and bridges.
- How is anyone still fine with trustful bridges
The article criticizes trust-based blockchain bridges like multisig and DVN bridges for lacking accountability after repeated hacks, arguing they don't have 'skin in the game' to prevent malicious actions. It suggests canonical and liquidity bridges are safer, while questioning the legitimacy of small tokens using trustful bridges to bypass liquidity issues.