Thank you to @ Foresights News for building this high-quality creator co creation platform. After reviewing the Kelp DAO and Drift security incidents with our partners, Biteye has observed that the industry has formed a highly consistent consensus: this storm is not a crisis of DeFi, but an inevitable catalyst for Defi to move from "wild growth" to "mature repricing". Here are a few consensuses summarized by the editor one ️⃣ The market mentality is undergoing a structural shift from 'yield first' to 'risk return ratio first'. two ️⃣ The real on chain finance is being clearly separated from the yield farming that relied on token subsidies in the past. three ️⃣ Composability was once the greatest pride of DeFi, but now it has been re recognized as the 'composability of risk': cross chain underlying trust assumptions are severely underestimated, and re staking/LSDF is essentially an invisible leverage superposition of the same asset. Once the underlying is unanchored, risk will quickly spread to the entire ecosystem like a chain reaction. four ️⃣ The era dividend of high APY liquidity mining for ordinary retail investors has basically come to an end. The true annualization of mainstream stablecoin LPs has been reduced to 3-8% (lower after deducting gas, impermanent losses, and tail risk), while RWA/tokenized Treasury provides an alternative solution with more transparent risks and more certain returns. five ️⃣ The opportunities for DeFi in the future no longer belong to gamblers chasing subsidies, but to those who are willing to treat the blockchain as infrastructure, actively understand trust assumptions, strictly adhere to the principle of minimum privilege, and accept a reasonable risk return ratio as long termists. six ️⃣ Although this round of reshuffling brings pain, it is accelerating the rebuilding of trust in the industry: more transparent information disclosure, more rigorous permission models, AI assisted intelligent auditing, and a new authorization framework for 'non-human signers'. Biteye is honored to witness and document this transformation with Foresight News - DeFi has not regressed, it is growing.