Boring: Some CeFi blew up because of poor risk mgmt (people & process).
Not Surprising: Some DeFi blew up because of poor risk mgmt (mechanism design).
Interesting: Core DeFi protocols didn't blow up, which means risk mgmt can be achieved through mechanism design.
无聊：一些CeFi因为风险管理（人员和流程）不佳而破产。
不足为奇：一些DeFi因为风险管理（机制设计）不佳而爆炸。
有趣的是：核心DeFi协议没有崩溃，这意味着可以通过机制设计实现风险管理。