(1/5) I was pretty excited to play around with the ERC20 deposit feature, but after digging into the smart contract code, I found it left a lot to be desired from a decentralization standpoint 👇
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Conversation
1) transitioning to multisig
2) wormhole coming soon
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How would a multisig produce signatures? There are much more advanced and reliable bridges that have been in production for years. See and .
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I'd love them to build an Etherum<>Solana bridge!
three types of ethereum-solana bridges
1) central custody (ftx doing this now)
2) trusted multisig (wormhole, launching in the next week or two)
3) bi-directional light client verification (due in a few months, working on it now)
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