The reason for the development was a recent incident with the Poly Network platform. The development team identified the key reason for the exploits — the lack of response time.

The developers presented the ERC 7265 proposal on Github. They describe it as a process to mitigate the effects of DeFi exploits in the future.

The new format acts as a “circuit breaker” that causes outgoing transactions to stop throughout the protocol if the threshold for a predefined metric is exceeded.