How is axelar compared to some of the other more

Question

Frax Finance

Jack

How is axelar compared to some of the other more

popular Bridges?

#cryptocurrency #english #frax

0

11.02.2024

7 ответов

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Jack Автор вопроса

Jason | Axelar
https://michaellwy.substack.com/p/10-reasons-why-a...

Good promo piece The risk section is small I guess from a users perspective they want to know if it gets hacked are there resources to reimburse them? Multichain, prior to its demise, got hacked and returned funds. Same with wormhole. I think that's probably the biggest factor to users.

0

9 месяцев назад

Jason | Axelar

Jack
Good promo piece The risk section is small I gues...

Axelar is the most decentralized interoperability solution that uses proof of stake security with a fully open stack. Multichain was governed a centralised multisig. You can read more here: https://axelar.network/blog/security-at-axelar-core Squidrouter gives users native assets, it doesn't have any of its own liquidty. Instead it uses DEX liqudity and acts as a cross chain router. You would not have a depeg like multichain assets, since there's no locked/wrapped assets involved.

0

9 месяцев назад

DS

Jason | Axelar
Axelar is the most decentralized interoperability ...

In a world where chainlink ccip functions as expected, why would anyone use any other bridge? Asking completely naive of the answer..I’m sure there are good reasons but don’t know them.

0

9 месяцев назад

Funanchill Advisor

DS
In a world where chainlink ccip functions as expec...

Speed, fees and liquidity.

0

9 месяцев назад

DS

Funanchill Advisor
Speed, fees and liquidity.

How long will ccip take and how much will it cost? Do we even know that yet? And liquidity wont be an issue with ccip as far as I’m aware.

0

9 месяцев назад