Where is our crypto stored?

When we send it to Incognito or Shield it, where is the Monero or Eth we sent actually stored? Is any in Cold storage vs hot?

Hey @sop.

For ETH/ERC-20 its stored within a bond smart contract. For XMR, BTC, BNB, etc. it is currently stored in a hot wallet, sends and receives constantly.

Here are some details about ongoing work towards a trustless bridge for currencies without smart contacts: Incognito's trustless bridge V3 with Ethereum bond contract

Hope that helped.