DeFi is still more like a failed experiment, 80% of DeFi projects are unreliable, they have weak security and they are more hack friendly, they claim to be decentralized but instead they aren't showing any decentralized motives, the only DeFi projects I trust are not up to five and I choose those DeFi projects because they are more than just DeFi like many new DeFi projects so far, I don't care much about where DeFi is headed, I'm just going to keep picking the good eggs out from the bad eggs, hopeful in future DeFi projects will actually become fully decentralized and more secured
Very True, there are lot of scams in DEFIs but there are many Legit projects like PANCAKESWAP and JULSWAP and many more where Investors have booked passive as well as capital appreciation benefits so we need to be vigilant and good in Cherry picking. DEFI is new form of Industry in crypto space and has successfully attracted Billions of Dollars during the past one year. I think this industry will survive though profitability may decline but still remain better than than conventional Banks.