Recently there was news that Newscripto will be developing a bridge between the stellar-polygon to enable swap between the two ecosystems and thereby expand the user experience. However, I have a question about the safety of my investments.
Do you think swap between stellar-polygon safe at all?
We need to figure out how this bridge works.
As a rule, the mechanism of operation is very simple:
liquidity is gaining in both ecosystems
You transfer your money to a specified account in the first ecosystem, and they transfer money to you to a specified wallet in another ecosystem.
This usually works through smart contracts.
If you are afraid that the smart contract will be hacked, then transfer the received coins to another wallet. The bridge's smart contract will not have access to your other wallet, which means it will be able to steal coins.
You can use the same method in all ecosystems with smart contracts.