Andre Cronje: DeFi protocols have deviated from the decentralized nature

According to Cointelegraph, Andre Cronje stated that most DeFi protocols have shifted from being "immutable public goods" to "profitable businesses that can operate," relying on mechanisms such as upgradable contracts and multi signature permissions. He mentioned that recent attacks at the $280 million and $293 million levels have exposed risks to infrastructure and access control. Flying Tulip introduced a circuit breaker mechanism to delay withdrawals in the event of abnormal fund outflows, providing a 6-hour emergency response window, but sparked controversy over centralization. Michael Egorov believes that this mechanism may increase security vulnerabilities, and DeFi should reduce human intervention. Industry analysis suggests that DeFi is shifting from "code as law" to "hybrid governance+operational control".