DeFi probably functions better if it’s fully permissionless in normal times, but someone still has the ability step in and shut it down in a crisis.
Defi can’t take over the global financial system if there aren’t safeguards in place
Fascinating how different chains responded differently to the $128M @Balancer hack.
Berachain had validators halt the network (Balancer very tightly integrated into their ecosystem).
Polygon validators censoring hacker's transactions to freeze them in place.
Sonic added functionality to freeze & 0 out hacker's account.
TBH, I think these are mostly good answers. Smaller ecosystems should prioritize safety and community protection over "code is law."
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