《IOSG: The New Paradigm of CeDeFi Curators》 (Author: Danny) As DeFi structures become increasingly complex, it's getting harder for regular users to understand the sources of yield and risk exposure. Curators, acting as strategy and risk encapsulators, are rising rapidly. In systems like Morpho, Curators are responsible for strategy selection, risk pricing, and productized distribution, serving as the intermediary layer connecting protocols and capital. Currently, Risk Curator TVL is approximately $5.9 billion, with a high concentration at the top. In the future, Curators will evolve into three categories: capacity-driven, opportunity-driven, and product-driven. The key lies in establishing transparent risk control and verifiable mechanisms to enhance usability while avoiding the evolution into shadow banking. Read more: https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=47&id=57371