Decentralized finance (DeFi) systems risk repeating past failures without implementing robust accountability mechanisms. These systems have shown vulnerabilities that can adversely affect participants. Past incidents highlight the importance of transparency and responsibility in financial transactions. To foster a more secure DeFi environment, developers must address these issues through defined frameworks. Establishing accountability would help mitigate risks and enhance the overall integrity of decentralized financial systems. Stakeholders are urged to collaborate in creating protocols that prioritize accountability. Without these measures, the potential for repeated mistakes looms large.
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