Andre Cronje says much of decentralized finance is “no longer DeFi” in the strict sense, as builders debate whether circuit breakers and other emergency controls are now necessary to protect users from exploits.
The Flying Tulip founder told Cointelegraph in an interview that many protocols are no longer immutable public goods, but rather “teams running for-profit businesses” with upgradeable contracts, offchain infrastructure and operational controls.
That shift changes the security model, he said. While early DeFi protocols were mostly…
