Over the past two weeks, Term Finance and $MORPHO have faced two very different types of security incidents.

One involved the exploitation of governance. The other saw market manipulation trigger a major liquidation cascade.

DeFi risk doesn’t live only in smart contract code. It also exists in governance, liquidity, oracles, and leverage.

Stay SAFU. The road to safer onchain finance is still a long one.
#DeFi #SAFU