The CLARITY Act just passed through two committees. Next, it goes to the house floor. And here is how it's going to change the entire space. (Especially security). The short version: "Mature" systems can't be controlled by any centralized entity... ...and your current security solution might be what disqualifies you whether you are a network or an app.

@phylaxsystems could help to eliminate the risk of ruin and help scale defi

Everyone involved in the rate limiting for DeFi discussion a few years ago was correct that more safety mechanisms were needed. However, the main and often snuck premise of these conversations was the DeFi protocols themselves would need to enshrine these protections. We have largely not seen this vision of the future play out. Maybe in the future when TradFi shows up with size, all transactions will require a signature from a trusted third party in order to execute onchain like @0xPredicate. The right place for these sorts of protections around rate limits and delays is on the end user side, not on the protocol itself. This way, every user can choose the delays and rate limits they prefer (if any) from their wallet. This is the problem @KleidiWallet solves, each user can choose their threat model and configure their wallet in a way that maximizes their ability to specify their preferences. The only exception to this rule would be @phylaxsystems, as it allows developers to enshrine additional rules and invariants into their protocol via the sequencer on L2's. Their system isn't rate limiting based, it is invariant based. For now, rate limiting in DeFi is dead. Maybe next cycle...