A single-block reorg on Ethereum caused THORChain to overpay 10 ETH.
During the October 31 reorg, THORChain didn’t receive the corresponding assets but paid users 10 ETH. The solvency checker automatically paused ETH swaps, and nodes stopped signing within two minutes. Users have now returned the 10 ETH, restoring the vault’s solvency, but transactions on all 10 chains were temporarily halted. $ETH $RUNE
How should the risk of downtime for cross-chain bridges be priced?
During the October 31 reorg, THORChain didn’t receive the corresponding assets but paid users 10 ETH. The solvency checker automatically paused ETH swaps, and nodes stopped signing within two minutes. Users have now returned the 10 ETH, restoring the vault’s solvency, but transactions on all 10 chains were temporarily halted. $ETH $RUNE
How should the risk of downtime for cross-chain bridges be priced?