Odaily Planet Daily reports: Haseeb Qureshi, partner at Dragonfly, posted on X that DeFi continues to grow through repeated failures. From the collapse of Terra, the failed liquidations during "Black Thursday" in 2020, to the stETH depegging event in 2022, the industry has faced numerous setbacks, yet each time it has improved through correction—a process no different from the evolution of traditional finance, such as the 2008 financial crisis or the savings and loan crisis of the 1980s, both of which led to systemic improvements through crisis.
Haseeb emphasized that these failures are not fatal, as the core of DeFi still possesses robust risk management and system resilience. For example, Aave maintains sufficient capital buffers to absorb potential bad debts. He believes that the intense discussions surrounding improvement solutions are a key mechanism driving DeFi’s ongoing evolution, and he reaffirmed his long-term confidence in DeFi and its community development.