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DeFi Shift: From Code to Operations
Description
The KelpDAO hack, costing users $293 million, underscores a shift in DeFi. The real problems lie in complex systems like bridges and third-party software, not just smart contract bugs. This incident highlights the need for a shift towards boring DeFi, focusing on reliability, transparency, and risk management. As institutional money enters crypto, stability becomes crucial. The human element and complex dependencies are where the real dangers lie. Smart contract risk is largely solved, but weak operational security and interconnected protocols cause current hacks. The focus is shifting to operational discipline, incident response plans, and decentralized governance management. The goal is to make risk visible and build resilient systems, moving DeFi from high-speed experimentation to reliable financial infrastructure.
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