Thanks for sharing these cases. And you are right to point out that they represent a real problem in DeFi currently, which is that some protocols are poorly de

Thanks for sharing these cases. And you are right to point out that they represent a real problem in DeFi currently, which is that some protocols are poorly designed. These examples are best categorized as hacks, though, which are important to distinguish from losses incurred due to bad debt. The distinction is important because the question at stake is whether DeFi in general has value. If you look at more mainstream protocols like Aave, you don’t see these same problems. In the mid- to long-term, after the technology has stabilized, all the benefits of DeFi will accrue to users without the risks that you are pointing out. With regards to Square: yes, you can get your money wired to you at the end of the day—if you are willing to pay an extra 1.5% fee. This is more akin to very expensive financing—having an annualized interest rate in excess of 300%!—than “instantaneous settlement”. It’s also not standard. Square’s standard settlement process is as I described: https://squareup.com/help/us/en/article/5438-next-business-day-deposit-schedule https://squareup.com/help/us/en/article/5438-next-business-d...