How Can a DeFi Protocol Be Secured against Both Oracle and Governance Risks Simultaneously?
Security requires a multi-layered approach. Oracle security is achieved through DONs, TWAPs, and deviation checks.
Governance security involves time-locks on critical changes, a high voting threshold, and a diverse distribution of governance tokens. Furthermore, using a small, independent security council for emergency actions, while still governed by the DAO, provides a quick defense against both types of exploits.