What do you think, are we looking at a passing fad, something that gets "re-branded or re-invented" after the hacks settle down, and/or is DeFi currently on a path to keep getting stronger?
DeFi is a mess because it has a model that promises you profit, APYs that are usually good in their White papers.
If you have good basic knowledge about finance, you will realize a hidden fact. They only can give you APYs if the balance between cash inflow and cash outflow, capital in and capital out of their DeFi platform is positive. When the balance is negative, APYs will vanish in the air.
With DeFi, you will have risk of impermanent loss as well.
[DeFi Tutorial] What is Impermanent Loss?