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URGENT! The US Must Pass the Clarity Act Now! | Tron DAO's Adrian Wall

Respectfully, that is not a fair characterization. The list includes [summer.fi](http://summer.fi), Raydium, Curve, Gnosis Pay, Gravity Bridge, Stake DAO, Polymarket, Thorchain, Kelp, Drift, Aave, Moonwell, Aperture, Yearn, Euler, Balancer, Silo, ...
I got bored going through the list. Point is, many of those protocols have been around for years, had hundred of millions or billions in TVL, had respectable teams, were not anonymous, had VC funding, top tier audits, etc, and still got hacked. So no, I don't think it's fair that "big defi protocls have proven their anti-fragility", to me they've proven the exact opposite.

The main plague of DeFi is the trustless operating model - it's inherently prone to breaches. Take the recent Kelp DAO hack.
My question is: how is it even possible for someone to show up, mint 300M almost instantly, withdraw it, move it to another protocol, use it as collateral, borrow against it, and instantly withdraw again? 300M is not small money, even for the big protocols. There should be brakes, cooldown periods. As long as instant, trustless withdrawals of sums that size are possible, there will always be room for hacks. This kind of thing can't happen at a bank precisely because of those brakes and cooldowns, which buy you time to catch it and intervene before the money is gone.
That said, I had funds in Kelp, and I'm pleased with how all parties handled it. That's a serious step up and it builds trust. But it's still a problem if someone has to cover a loss like that - it shouldn't happen in the first place.

Same energy as the Aave mess a few months back honestly. Labs quietly rerouted a
big chunk of swap-fee revenue away from the DAO treasury, and the founder loaded
up on a pile of AAVE right before the big vote. Different mechanism, same move as
the ENS delegation thing.


what gets me is every DAO, big or small, eventually hits this same greed check on
the founder. we all say we're building for the people, but the second there's
real money on the table we get scared to actually hand over control, and start
looking for ways to keep more of it for ourselves. kinda just human nature I
guess.