3 ms·
For those interested in the specific risks of various L2s as they stand, L2Beat has the best overview: https://l2beat.com/?view=risk https://l2beat.com/?view=ri
by lhl 5y ago
For those interested in the specific risks of various L2s as they stand, L2Beat has the best overview: https://l2beat.com/?view=risk https://l2beat.com/?view=risk
While the various L2s are all pretty bleeding edge, the current state/alternative [1] is that a majority of the TVL is being bridged to alternate L1s, where the bridges are also extreme weaknesses [2]. There was the recent $320M Wormhole hack [3], the last record white-hat payout ($2M bounty on $850M at risk with the Polygon Bridge) [4][5], and $2.2B sits on Avalanche's Bridge [6] which is an EOA that is secured by literally 4 SGX machines. [7]
[1] https://defillama.com/chains https://defillama.com/chains
[2] https://old.reddit.com/r/ethereum/comments/rwojtk/ama_we_are_the_efs_research_team_pt_7_07_january/hrngyk8/ https://old.reddit.com/r/ethereum/comments/rwojtk/ama_we_are...
[3] https://wormholecrypto.medium.com/wormhole-incident-report-02-02-22-ad9b8f21eec6 https://wormholecrypto.medium.com/wormhole-incident-report-0...
[4] https://medium.com/immunefi/polygon-double-spend-bug-fix-postmortem-2m-bounty-5a1db09db7f1 https://medium.com/immunefi/polygon-double-spend-bug-fix-pos...
[5] https://gerhard-wagner.medium.com/double-spending-bug-in-polygons-plasma-bridge-2e0954ccadf1 https://gerhard-wagner.medium.com/double-spending-bug-in-pol...
[6] https://app.uniwhales.io/avalanche/bridge-tracker https://app.uniwhales.io/avalanche/bridge-tracker
[7] https://medium.com/avalancheavax/avalanche-bridge-secure-cross-chain-asset-transfers-using-intel-sgx-b04f5a4c7ad1 https://medium.com/avalancheavax/avalanche-bridge-secure-cro...