bridge security is underpricing treasury policy

Most blow-ups start as comfortable consensus.

Historically, stretches where bridge security leads without support from custody rails invite sharper reversals.

Put beside current chatter on “Apple, Meta reject OKX,” the incentive problem looks clearer.

Treat macro liquidity as the constraint and lending markets as the amplifier, not the other way around.

Historically, stretches where RWA tokenization leads without support from protocol revenue invite sharper reversals.

Useful frameworks survive longer than seasonal slogans.

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