Let's first talk about an interesting topic—there's a concept in physics called topological quantum field theory, which states that certain phenomena are mainly determined by the overall structure rather than specific details. This logic applied to the financial sector can explain why DeFi is so prone to "collapse".

**What are the problems with traditional Decentralized Finance?**

The current DeFi protocols are like a rope; if one point is slightly pulled, the entire line may unravel. For example:

The oracle has encountered an issue—either a price feed service has been manipulated or it has malfunctioned, causing all lending systems and derivative contracts that depend on it to come to a standstill. This is not a minor incident, but a systemic risk.

Instantaneous fluctuations in collateral prices - asset value is defined by the market quote at a specific moment, while long-term fundamentals and cross-asset correlations are ignored. Any flash loan attack can create false prices, triggering a chain liquidation.

The idea of Falcon Finance is quite bold - rather than letting value depend on these fragile details, it is better to redefine the way finance operates from the perspective of the overall ecosystem.

**How does the new framework operate?**

Imagine that credit, liquidity, and governance rights are no longer tied to a specific asset or address, but are generated by the overall state of the entire ecosystem—similar to how a "field" in physics produces "quasi-particle excitations." In this way, the flow of value can be more flexible and resilient to risks.

An oracle has collapsed? No worries, because the value confirmation mechanism does not rely on a single source of information, but is based on the overall topology of the ecosystem. Fluctuations in collateral prices? The system can absorb such localized disturbances and will not lead to a chain collapse.

This architecture has another cool feature - under certain critical conditions, the entire ecosystem can smoothly transition from one state to another. It switches from a phase of high growth and high volatility to a phase of stable, endogenous growth, akin to phase transitions in physics, but without a dramatic collapse.

**Why is this important?**

The security of DeFi has always been a concern. Each time there is a large liquidation, oracle failure, or flash loan attack, it can trigger a chain reaction. If the risk-bearing and value distribution mechanisms of the protocol can be restructured from a topological perspective, it would not just be a patch, but fundamentally enhance the resilience of the system.

Of course, this trap theory has a long way to go from paper to reality. But this line of thinking itself represents DeFi thinking more deeply: how to design an ecosystem that can accommodate complex financial operations while also resisting systemic risks.