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WXMR is not real bridge, it's effectively a pegged token. Secret Network bridges are custodial. Atomic swaps would be better.
by easrng 4y ago
WXMR is not real bridge, it's effectively a pegged token. Secret Network bridges are custodial. Atomic swaps would be better.
- trompetenaccoun 4y agoHow so? They claim they keep custody of your tokens in exchange for the WXMR one, that's how any bridge works in essence. And yeah, you're right it would better to do swaps, this wasn't supposed to be an endorsement. There is an inherent danger in ceding custody to a third party, be it on Secret or Ethereum.