{"id":71463,"date":"2026-04-21T16:06:19","date_gmt":"2026-04-21T16:06:19","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/curve-founder-urges-defi-safety-standards-after-kelpdao-incident\/"},"modified":"2026-04-21T16:06:19","modified_gmt":"2026-04-21T16:06:19","slug":"curve-founder-urges-defi-safety-standards-after-kelpdao-incident","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/curve-founder-urges-defi-safety-standards-after-kelpdao-incident\/","title":{"rendered":"Curve Founder Urges DeFi Safety Standards After KelpDAO Incident"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p data-start=\"0\" data-end=\"17\"><strong data-start=\"0\" data-end=\"17\">Key Takeaways:<\/strong><\/p>\n<ul data-start=\"19\" data-end=\"295\" data-is-last-node=\"\" data-is-only-node=\"\">\n<li data-section-id=\"octr6x\" data-start=\"19\" data-end=\"112\">Curve Finance\u2019s Michael Egorov has urged for industry-wide <span>DeFi<\/span> standards after recent onchain exploits, targeting centralized weak points.<\/li>\n<li data-section-id=\"tdnn2u\" data-start=\"113\" data-end=\"202\">Requests Ethereum and <span>Solana<\/span> Foundations to push coordination, shaping safer industry design.<\/li>\n<li data-section-id=\"131u847\" data-start=\"203\" data-end=\"295\" data-is-last-node=\"\">Dragonfly\u2019s Haseeb Qureshi says failures persist, but standards will rise as capital grows.<\/li>\n<\/ul>\n<h2> <span>DeFi<\/span> Needs Shared Security Standards, Curve Founder Warns<\/h2>\n<p>A fresh wave of <span>decentralized finance<\/span> exploits is prompting renewed calls for industry-wide security standards, as prominent developers warn that many failures remain avoidable.<\/p>\n<p><a href=\"https:\/\/x.com\/newmichwill\/status\/2046395511440089223\" target=\"_blank\" rel=\"noopener noreferrer\">Michael Egorov<\/a>, founder of Curve Finance and Yield Basis, said recent hacks have exposed a recurring weakness: reliance on centralized points of failure within supposedly decentralized systems. He urged the industry to shift from reactive fixes to preventative design.<\/p>\n<p>\u201cAll issues like this should be prevented before they happen. We should probably come together and develop safety standards for <span>DeFi<\/span>,\u201d Egorov said, adding that critical dependencies should be distributed wherever possible. Where centralization cannot be eliminated, he argued, trust should be split across multiple parties and supported by clearer best practices.<\/p>\n<p><\/p>\n<p>His comments come amid growing concern over the resilience of <span>DeFi<\/span> infrastructure, particularly as the sector scales and attracts institutional interest. While <span>smart contract<\/span> audits have become standard, Egorov suggested that broader system design, including how external components are configured, remains inconsistent.<\/p>\n<p>He called for coordinated action led by major ecosystem players, including the <a href=\"https:\/\/buy.bitcoin.com\/eth\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ethereum<\/a> and <a href=\"https:\/\/www.bitcoin.com\/exchanges\/solana\/\" target=\"_blank\" rel=\"noopener noreferrer\">Solana<\/a> Foundations, to establish shared guidelines for building and verifying secure protocols. The aim would be to create a common framework that developers, auditors, and risk managers can follow.<\/p>\n<p>Still, not all industry participants see recent incidents such as the <a href=\"https:\/\/news.bitcoin.com\/defi-lender-aave-battles-withdrawal-crisis-after-kelpdao-rseth-exploit\/\">KelpDAO<\/a> exploit as a sign of structural weakness.<\/p>\n<p>Haseeb Qureshi, managing partner at venture firm Dragonfly, said failures have long been part of <span>DeFi<\/span>\u2019s development cycle. He pointed to past crises, including the Terra collapse and earlier market disruptions, as examples of how the ecosystem has adapted over time.<\/p>\n<p>\u201c <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-defi-decentralized-finance\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">DeFi<\/a> learns through failures. The important thing is that these failures are not fatal. The heart of <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-defi-decentralized-finance\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">DeFi<\/a> is risk-averse and robust,\u201d Qureshi said, drawing parallels with traditional finance, which evolved through banking crises and market shocks. He argued that while losses can be significant, they are rarely existential for the system as a whole.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-808017 size-full\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/04\/curve-founder-urges-defi-safety-standards-after-kelpdao-incident1_nwmk.png\" alt=\"Curve Founder Urges DeFi Safety Standards After KelpDAO Incident\" width=\"1196\" height=\"956\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/04\/curve-founder-urges-defi-safety-standards-after-kelpdao-incident1_nwmk-300x240.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/04\/curve-founder-urges-defi-safety-standards-after-kelpdao-incident1_nwmk-1024x819.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/04\/curve-founder-urges-defi-safety-standards-after-kelpdao-incident1_nwmk-768x614.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/04\/curve-founder-urges-defi-safety-standards-after-kelpdao-incident1_nwmk.png 1196w\" sizes=\"auto, (max-width: 1196px) 100vw, 1196px\"\/><\/p>\n<p>Protocols are increasingly designed with safeguards, such as overcollateralization and reserve buffers, that help absorb stress events. In many cases, platforms can withstand isolated failures without triggering broader contagion.<\/p>\n<p>The debate highlights a tension at the heart of <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-defi-decentralized-finance\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">DeFi<\/a>\u2019s growth. On one side, developers are pushing for higher standards and greater coordination to reduce risk. On the other hand, investors view periodic disruptions as part of a natural process of innovation and refinement.<\/p>\n<p>What remains clear is that expectations are changing. As more capital flows into decentralized markets, the tolerance for preventable failures is declining. Whether the industry can align on those principles will likely shape how <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-defi-decentralized-finance\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">DeFi<\/a> matures in the years ahead.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/curve-founder-urges-defi-safety-standards-after-kelpdao-incident\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: Curve Finance\u2019s Michael Egorov has urged for industry-wide DeFi standards after recent onchain exploits, targeting centralized weak points. Requests Ethereum and Solana Foundations to push coordination, shaping safer industry design. Dragonfly\u2019s Haseeb Qureshi says failures persist, but standards will rise as capital grows. DeFi Needs Shared [&hellip;]<\/p>\n","protected":false},"author":3947362377,"featured_media":71464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71463"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362377"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71463"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71464"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}