Aave Founder Stani Kulechov Says DeFi Lending Protocols Need Circuit Breakers Against Oracle Risks

According to ChainCatcher citing Crypto Briefing, Aave founder Stani Kulechov said at the DAS London conference that DeFi lending protocols need circuit breakers because the effects of oracle failures could take years to resolve. He said systems that rely heavily on immutable code lack emergency measures, and inaccurate oracle data could trigger liquidations at incorrect prices. Circuit breakers, modeled on trading pauses in traditional markets during extreme conditions, would let protocols halt operations while an issue is investigated.