Hahah nice depiction: An ice cream shop during winter. I think you're right, it's a niche that's basically driven by the hype of the APR it's why almost every defi scheme suffers during the bear market. Plus, I also talked about the hacks. They're prone to a lot of hacks and people tend to lose a lot of money because of this.
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Yeah, the exploits and hacks are pretty bad. Fortunately, many protocol victims found ways to compensate users, at least to some extent during 2021 and 2022.
That's true. However, I believe that the greed will continue in the next bull market and the cycle will probably continue.
For sure... no doubts!