All DeFi protocols must have the following: 1. Circuit breakers for deposits and withdrawals, and in some cases, other internal operations 2. Time limits for all changes 3. A security board capable of immediately halting the protocol We don't need insurance. We need to get the basics right. It is still too early for this field to drive without training wheels. Please, I beg you. You can gain great peace of mind even if you sacrifice a little User Experience (UX). The worst UX is losing a user's money. I am extremely disappointed with the state of security in this field. Generally, audits focus on whether protocols and implementations align with specifications. However, most attacks occur not in these areas, but in places like quorums, key management systems, deployment processes, and the security management status of the team. Protocol audits are essential, but their scope is woefully inadequate and instills false confidence in both (inexperienced) teams and external users. I am not sure what the solution is in this case. Teams clearly need to do better, and auditors need to broaden their audit scope. Otherwise, how could you believe that Tim didn't build a nice-looking house and leave the front door and five windows wide open? x.com/hasufl/status/2039616666...