MakerDAO founder discusses risk prevention and the future of DeFi: Decentralized Finance may integrate with TradFi.

The founder of MakerDAO recently elaborated on the measures taken by the protocol to mitigate potential risks and made predictions about the future development trends of decentralized finance ( DeFi ).

To prevent a recurrence of market crashes similar to "Black Thursday," MakerDAO has fixed a system vulnerability that could lead to zero bids in auctions. Additionally, the introduction of USDC as extra collateral helps reduce the system's sensitivity to fluctuations in Ethereum prices, thereby enhancing overall stability.

When discussing future development plans, the founder emphasized that MakerDAO needs to overcome three major milestones to achieve complete Decentralization: first, establishing a system that can autonomously hire and pay developers; second, building a mechanism responsible for protocol governance and upgrade decisions; and finally, implementing voting power delegation, allowing token holders to grant their voting rights to more active community members.

Although DeFi is still in its early stages, the founder predicts that in the long run, the boundaries between DeFi and traditional centralized finance ( CeFi ) will gradually blur, and the two may eventually merge into one. This view reflects a new understanding in the industry regarding the direction of fintech development.