DeFi didn’t just lose money this month, it lost people.

It’s not only small degens getting hit. Bigger traders, DAOs and treasuries also got blown up in these hacks, and most of them had no protection at all. One bad day wiped out months or years of “extra” yield.
The real problem is simple: the risk is hidden. We only see APY and TVL. We don’t see who has the keys, what happens if something breaks, or who pays for the damage.
Until protocols make that clear and build real safety nets, serious money will keep using DeFi to gamble and will park their real stack in places that feel safer.