Wu Shuo learned that Haseeb, managing partner at Dragonfly, posted that DeFi has faced multiple shocks from events such as the Terra collapse, the failure of the 2020 liquidation mechanism, and the stETH depegging in 2022, but the underlying mechanisms have gradually improved through repeated corrections—a process similar to how traditional finance has evolved through successive crises. He believes current risks do not constitute a systemic threat, as protocols like Aave possess some capacity to absorb bad debt, and the industry is continuously refining its structure through ongoing discussions and mechanism adjustments. https://t.co/eqzHpOS5Sf