#CryptoRoundTableRemarks

DeFi Scaling Metrics:

* Total Value Locked (TVL): $129 billion (137% year-over-year growth, 21.4% month-over-month growth). 📈🚀

* Active Wallets: Approximately 4.2 million (45% year-over-year growth). ⬆️💼

* Leading Chains by TVL: Ethereum ($46 billion), Solana ($7.2 billion), Tron ($4.9 billion). 🥇🥈🥉

Developer Frameworks:

1. Open-Source Model: Protocols function similarly to Linux, with no liability for downstream misuse. 💡💻

2. Intermediary Liability Model: Protocols handling value transfers are classified as financial services, subject to capital requirements, audits, and legal ramifications. ⚖️📄

A Balanced Approach:

* Infrastructure modules (mathematical libraries, toolkits) will receive regulatory safe harbor. 🛡️✅

* "Value-steering" contracts will be subject to risk-based oversight, including mandatory audits, transparency reports, and capital reserves. 🔍📊

* On-chain RegTech will enable real-time monitoring of potentially risky transactions and automated alerts. 🤖🚨

Regulatory Framework 2.0:

* Contracts should incorporate "kill switches," dispute resolution oracles, and transparency mechanisms. ⚙️🔑⚖️

* Collaboration with the industry to establish open standards for "audit-verified" DeFi components is recommended. 🤝✅💯

Conclusion: To foster innovation, neutral infrastructure developers should be protected, while those creating value-directing protocols should adhere to intermediary standards. A combination of robust code and intelligent oversight is crucial for the secure scaling of DeFi. 🛡️💡🚀