Bridge Over Troubled Water? Assessing the Nomad Hack, ETH Merger Mania and Macro Update
On today’s episode, Alex and Andrew discuss the latest DeFi exploit – a hack of the Nomad “bridge.” But first, what’s a bridge? What problem does it solve? Do these exploits prove bridges are unfeasible or are they simply implementation challenges to overcome. DeFi boosters talk about dApps and digital assets as being composable, like interlocking LEGO pieces. But we’re not dealing with one uniform form factor -DeFi isn’t a box of Lego but a mixed bag of Lego, Duplo, Mechanix, and others. How do we figure out a way to get these pieces to click together? Plus we dig into the Ethereum Merge and do a quick macro update.