Blockchain markets experience extreme volatility cycles that can stress protocols far beyond normal operating conditions. From DeFi lending systems facing collateral cascades to stablecoin mechanisms maintaining pegs, scaling solutions managing fee spikes to L1 networks handling transaction surges, these volatility periods create unique governance challenges requiring both responsiveness and stability. The role of governance during these high-stress periods—whether to intervene actively, main...

Blockchain markets experience extreme volatility cycles that can stress protocols far beyond normal operating conditions. From DeFi lending systems facing collateral cascades to stablecoin mechanisms maintaining pegs, scaling solutions managing fee spikes to L1 networks handling transaction surges, these volatility periods create unique governance challenges requiring both responsiveness and stability. The role of governance during these high-stress periods—whether to intervene actively, main...