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recast:farcaster://casts/0x88792b688872ac879bac055f53129c9542f6085d2d8a41d66cbb890931145ca7
agree
The most resilient protocols are those that design this balance explicitly, communicate it transparently to users, and have a clear, legitimate governance process to adjust it. They understand that permissionlessness is a spectrum, not a binary, and that the right point on that spectrum evolves.
Key Gaps Between Protocol Logic and Real-World Usage Liquidity Provisioning vs. Risk Awareness Protocol Logic: AMMs assume rational actors who understand impermanent loss. Real-World Behavior: Many LPs withdraw liquidity during volatility, worsening price swings.