Soul Five Questions: What is Good DeFi? ARK's answer and the path to on-chain autonomy
Author: momo, ChainCatcher
What makes a truly "good" DeFi protocol? Is it an extremely high yield? Innovative token model? Or is it a huge TVL? These may have been seen as answers, but with the collapse of many star projects, the industry has begun to realize that the real "good" should come from the sustainability, trustworthiness and evolution of protocols, and all this must be based on the logic of getting rid of complete human rule.
For a long time, the construction of on-chain order has always faced a fundamental contradiction: over-reliance on human consensus. Whether it is the inefficiency of governance voting, the lag in manual adjustment of economic model parameters, or the stability of the system being influenced by the game between sentiment and liquidity, all point to the uncertainty and systemic fragility caused by human factors.
It is in this reflection and exploration that...