'Are we an industry of clowns?': DeFi grapples with security tradeoffs after $292M Kelp DAO fallout
'Are we an industry of clowns?': DeFi grapples with security tradeoffs after $292M Kelp DAO fallout
The Kelp DAO exploit has turned into a wider stress test for DeFi, with Aave’s TVL dropping sharply as users pulled funds and risk spread across protocols.Builders and analysts are split between anger and optimism: some see reckless bridge design and weak risk controls, while others argue DeFi is doing what open systems do — failing, adapting, and improving.