Gate News message, April 21 — Michael Egorov, founder of Curve Finance, has called for the DeFi industry to establish unified security standards to prevent centralized failure points. In a post on social media, Egorov highlighted recent security incidents caused by centralized vulnerabilities, noting that Aave users faced losses due to rsETH attacks and LayerZero bridge users were unable to withdraw funds following a hack.
Egorov emphasized that security issues should be prevented before they occur rather than addressed after the fact. He proposed that the Ethereum Foundation and Solana Foundation lead a collaborative effort involving ecosystem projects, audit firms, and risk assessment teams to develop shared DeFi security principles and standards.
The proposal also suggests drawing on traditional finance’s experience in protecting centralized infrastructure nodes. Egorov’s call underscores growing industry concerns about the need for standardized security practices across the DeFi ecosystem.
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