PANews reported on April 21 that Haseeb, Managing Partner of Dragonfly, wrote on the X platform that DeFi learns from its failures. From the Terra crash and the auction glitch on Black Friday 2020 to the stETH de-pegging in 2022, DeFi has failed time and again, but it improves after each failure. This is no different from traditional finance learning from banking crises, the spread of the 2008 credit crisis, or the savings and loan crisis of the late 1980s. The key is that these failures are not fatal; the core of DeFi is risk aversion and robustness. Aave may bear some bad debts, but it has sufficient capital to cover them. DeFi will not disappear; the heated discussions surrounding how to improve are precisely part of its continuous progress.
Dragonfly Partner: DeFi learns and improves through repeated failures; Aave has sufficient capital to cover bad debts.
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Author: PA一线
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