Ethereum developer Diyahir, Fluid Protocol community member Meir Bank and others jointly proposed the creation of the ERC-7265 standard, which aims to introduce a smart contract interface similar to a "circuit breaker" to the DeFi ecosystem to solve the problem of DeFi's general lack of response time when facing hacker attacks.
The effectiveness logic of ERC-7265 is that by integrating with this standard, the "circuit breaker" will monitor the flow rate of each asset in the DeFi system in real time. When the rate exceeds the preset parameter threshold, the smart contract will be triggered, thereby immediately suspending the outflow of tokens from the protocol.
The proposers of this standard believe that through ERC-7265, hackers will no longer be able to drain the funds in the entire contract within a few seconds after executing an attack, thereby ensuring the security of most funds in the DeFi protocol.
