The threat of a bank run is all it takes to create one
I learned this lesson in the hardest way possible with bHBD, bHIVE, etc. where the same thing happened to those protocols
My way of digging us out of the DeFi hole was to do exactly what I proposed Thorchain do a few months back:
- Freeze withdrawals
- Implement a "power down" window
- Unwind debt slowly using system income