Less than twenty days since Drift was hacked, KelpDAO was struck yesterday, suffering losses of nearly $300 million. Hackers seem to treat DeFi like an ATM, acting with complete impunity. Massive withdrawals have flooded out of AAVE, yet demand for borrowing remains strong. Spark’s ETH deposit rate surged instantly above 50%, and its pool was quickly drained—reflecting the market’s high confidence in Spark’s security. While AAVE has repeatedly suffered from oracle failures and hacker-induced bad debt, Spark has consistently emerged unscathed. The reason? Spark employs stricter risk controls, supporting only seven assets compared to AAVE’s fifty collateralized lending assets. In stark contrast, many L2s with substantial capital deposits have never experienced a hack or exit scam. First, technically, Ethereum enforces a mandatory seven-day delay for fund transfers between L1 and L2, fundamentally preventing rapid capital flight. Second, philosophically, following Vitalik’s Stage 0-1-2-3 framework, the community has independently built L2Beat—a decentralized security rating platform—that quantifies and publicly discloses all safety metrics, including data availability, node decentralization, and escape hatch mechanisms, making risks instantly transparent. Technical rigor combined with community oversight leaves no room for vulnerabilities to hide. By comparison, the DeFi market remains immature in both technology and philosophy. Protocols operate in isolation, each bearing its own risks, lacking unified standards or behavioral norms—and more critically, there is no reliable decentralized organization conducting comprehensive audits of protocols and assets to proactively expose potential vulnerabilities and risks. This is the root cause of DeFi’s chaos. Amid this turmoil, @TermMaxFi—as a rising contender—do you have the capacity to establish a new order for DeFi Summer and rebuild trust from the ruins?