Across

Rejected venues wait the longest for re-review; a rejection has to earn another look before the scheduled date.

Across is an intent-based bridge whose relayers front destination assets and receive repayment from a pooled Ethereum HubPool after settlement verification. The DefiLlama protocol API read on 2026-08-15 reported about $17.3M of TVL, only on Ethereum, far below the shared v1 dossier’s $100M materiality floor. Size alone decides this bounded rejection; it is not a finding that the bridge, relayers, oracle or liquidity pool are otherwise suitable.

Kill criteria: the events that revoke this verdict
• Reproducible Across HubPool TVL sustains at least $100M for 30 days

The research file

Mechanism applicability

Across documents an intent bridge in which relayers fill transfers with their own capital and are later reimbursed from the Ethereum HubPool after bundle verification. Passive liquidity providers deposit L1 assets into that single-sided pool, receive LP tokens and earn utilization-priced fees from relayer repayments. That establishes a bridge-liquidity exposure distinct from lending or paired AMM inventory.

Current observation and size applicability

The DefiLlama protocol API read on 2026-08-15 reported approximately $17.3M of Across TVL, attributed only to Ethereum. That is roughly 17% of the shared v1 below-materiality dossier’s $100M threshold. The adapter observation does not establish pool-by-pool redeemable liquidity, relayer capacity, route concentration or a stressed withdrawal result.

Control and exit applicability

Across states that LP fees rise with HubPool utilization and compensate rebalancing risk; higher utilization also means less immediately available liquidity. Its contracts repository identifies the Ethereum HubPool as both the liquidity backstop and cross-chain administrator, while SpokePools are upgradeable under HubPool control. Optimistic-oracle challenge and newer proof paths govern settlement, but these controls do not guarantee an LP’s stressed exit.

Why the class rule decides

The shared v1 below-materiality dossier controls while the reproducible Across pool perimeter remains near $17.3M. Reopen after TVL sustains at least $100M for 30 days, then perform an individual bridge-liquidity review covering token and route concentration, relayer and repayment mechanics, verification and disputes, governance and upgrades, contracts and audits, incidents, utilization, fees and ordinary and stressed LP withdrawals.

Sources

The claims above trace to these. Where a number could not be independently verified, the thesis says so.

• Across Docs — fees and liquidity utilization · primary · accessed 2026-08-15
  Supports: LP fees, relayer fees, HubPool utilization, rebalancing risk, available liquidity
• Across — protocol architecture · primary · accessed 2026-08-15
  Supports: intent bridge, relayer capital, pooled liquidity, settlement verification, LP returns
• Across — official contracts repository · primary · accessed 2026-08-15
  Supports: Ethereum HubPool, liquidity backstop, cross-chain administrator, SpokePool upgrades, audit repository
• DefiLlama — Across survey record · secondary · accessed 2026-08-15
  Supports: current TVL, Ethereum-only TVL perimeter, bridge category, survey observation

Inherited controls

The verdict above grades the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The least safe layer sets the position’s grade, and the position table names which one that is.