Defi riskb

Everyone talks about DeFi “risks,” but we ignore the real issue:
Most collapses were mathematically predictable from the protocol design itself.

When liquidity evaporated, $19B vanished in a single crash and $2.3B was liquidated in one hour.
Flash-loan–driven design flaws erased $197M (Euler) and $130M (Cream).
Faulty collateral mechanics wiped out $2B (Iron Finance) — and an entire ecosystem lost $45B (Terra) in days.

These weren’t accidents.
They were the logical output of how the economic model behaved under stress.

The next generation of DeFi won’t be defined by new chains or new tokens —
but by teams that treat risk engineering as protocol architecture, not post-mortem repair.

Design is the real risk — and the real opportunity.