Let’s talk about cross-chain bridges.
WBTC is a wrapped token on Ethereum that tracks Bitcoin. Each WBTC is backed by 1 Bitcoin held by a custodian.
One easily overlooked point: the value of wrapped assets depends on the bridge itself. If something goes wrong with the assets locked on the source chain, the wrapped tokens on the destination chain may lose their peg.
Before bridging, check the bridge’s official website. Fake cross-chain sites are a common phishing tactic.
$ZRO is the governance token of the cross-chain messaging protocol LayerZero.
If you found this useful, follow us so you don’t miss the next post 👆
#ZRO
Be aware of the risks and make your own decisions.
WBTC is a wrapped token on Ethereum that tracks Bitcoin. Each WBTC is backed by 1 Bitcoin held by a custodian.
One easily overlooked point: the value of wrapped assets depends on the bridge itself. If something goes wrong with the assets locked on the source chain, the wrapped tokens on the destination chain may lose their peg.
Before bridging, check the bridge’s official website. Fake cross-chain sites are a common phishing tactic.
$ZRO is the governance token of the cross-chain messaging protocol LayerZero.
If you found this useful, follow us so you don’t miss the next post 👆
#ZRO
Be aware of the risks and make your own decisions.
