The security dilemma in the DeFi ecosystem is becoming increasingly difficult to overcome. Last year, the entire DeFi market experienced over $649 million in attacks, and leading protocols like Balancer were not spared. The problem is clear — relying solely on the philosophy of "code is law" is no longer sufficient.

Now, more and more people believe in shifting towards "regulation as law," using standardized compliance checks to plug vulnerabilities. It sounds promising, and projects like Kamino and XRP Ledger have already begun experimenting. However, on the other hand, this kind of immutability check can enhance security levels, but side effects must also be considered — transaction costs may increase, and 100% security cannot be guaranteed.

The direction forward is correct, but this path still requires further exploration.