Dragonfly Managing Partner Haseeb has highlighted the resilience of decentralized finance (DeFi) in the face of multiple challenges, including the Terra collapse, the 2020 liquidation mechanism failure, and the 2022 stETH de-pegging incident. Haseeb noted that DeFi mechanisms have been repeatedly refined and improved, drawing parallels to the evolution of traditional finance through past crises. He emphasized that current risks do not pose a systemic threat, citing protocols like Aave as having the capacity to absorb bad debts. The industry continues to optimize its structure through ongoing discussions and mechanism adjustments.