Current market conditions have resulted in a number of large actors getting wiped out or suffering severe distress in their portfolios. Although the Frax protocol has made it out largely unscathed, it was still affected by certain exploits such as the one that afflicted Rari which it is still trying to reconcile for.
In order for Frax to grow in resiliency, it must develop better practices when it comes to approving and deploying loans. This is especially true with the coming release of Fraxlend. This will not only benefit the protocol internally, but externally communicate how we are further developing a standard of best practices.
I am not an expert in this field, but I know there are members in this community who are. Open to any thoughts in this area. I think the proper line we must balance is how to create a system that works without becoming too bureaucratic.