DeFi 2.0: Innovation or Bubble?
DeFi protocols have recently launched new models such as 'Yield Layering' and 'Lending Insurance' in an attempt to address impermanent loss and liquidity fragmentation issues. However, excessive financialization has led to increased contract risks, and multiple hacking incidents in 2023 have exposed security vulnerabilities. Users should prioritize audited protocols and pay attention to the ratio of TVL (Total Value Locked) to actual revenue to avoid 'Ponzi' traps.