Dan Elitzer
๐ค SpeakerAppearances Over Time
Podcast Appearances
And I think one of the things that you do is
the morpho markets at the base level, incredibly minimal, but then you need to think about, okay, let's be really clear about the oracle and how the oracle is being set up and used in that module.
Okay, now let's look up at the vault and the curators there.
You can't really rate limit or circuit break Morpho markets.
That's just not part of it.
But you can rate limit or circuit break around the vaults and how they reallocate between markets.
You can make sure you don't have a lot of excess liquidity sitting there in markets waiting to be borrowed in the event of an exploit.
So you can be sitting maybe in kind of wrapped treasuries or something like that in the meantime.
There are all sorts of different things that you can do to
And I think that's what's going to be done is you don't want big monolithic pools where a lot of capital sits.
That's monolithic lending pools.
That's bridges.
And to the extent that you want those things in the market, which I do think we do, there's a lot of demand for those for good reasons.
We just need to layer additional protections on top of those so that you're still going to be exposed to a lot of different risks, but you can limit the damage should any of those risks come to fruition.
I think that to me is also one of the big things here is that we need...
to make sure that if anything breaks, there's something else behind it to catch it.
And I know that like, you know, Filax with your kind of credible layer, this is one of the things that you provide.
And that I think there's a number of solutions that are starting to come out with this mindset to think about, okay,
we can trust the curators, we can trust the people who are choosing default settings and what are the different parameters we should have in lending markets, things like that.
Okay, how do we actually make sure that it's not just them saying they're going to do this or just doing it within a certain module on-chain?