[redox99]

> But the crypto sector doesn't want exchange regulation, so they don't have the "circuit breakers" that, say, the CBOE does.

If this platform doesn't have circuit breakers, it's simply because either they didn't think of it, they didn't think it was important, or they thought it was a bad idea.

There's nothing in crypto that clashes with the idea of a circuit breaker, it's completely orthogonal. And it shouldn't be too hard to code into the smart contract.

By the way I believe only some stock exchanges in the world have circuit breakers, it's not something as universal or required as you make it seem.

[Animats]

> only some stock exchanges in the world have circuit breakers

Most of the US ones do. Here's a list of recent NYSE and NASDAQ trading halts.[1] The London Stock Exchange has trading halts. Euronext has circuit breakers that trip on 8% - 10% changes. [2] The Tokyo stock exchange has trading halts, but doesn't use them often.[3] China's stock exchanges use trading halts too much.[4].

That covers the major markets. Who doesn't have some system to stop trading during big price swings?

[1] https://www.nyse.com/trade-halt-current

[2] https://www.euronext.com/en/news/trading-safeguards-euronext...

[3] https://www.jpx.co.jp/english/markets/derivatives/suspended/

[4] https://www.scmp.com/business/china-business/article/2174454...

[audleman]

Doesn't a circuit breaker imply human intervention? The point of DeFi is that you get some code running on a blockchain then release control. No central point of control. How this is going to work is beyond me. But without it a blockchain is just an expensive database.

[goldenkey]

A circuit breaker doesn't imply human intervention. U.S. regulations have three levels of a circuit breaker, which are set to halt trading when the S&P 500 Index drops 7%, 13%, and 20%. Circuit breakers for individual securities are triggered whether prices move up or down.