> the mechanisms most DeFi tools use are vulnerable to the contract being hacked and/or the devs doing a rug-pull Wouldn't this mean that most DeFi would be ha

> the mechanisms most DeFi tools use are vulnerable to the contract being hacked and/or the devs doing a rug-pull Wouldn't this mean that most DeFi would be hacked or rug-pulled by now? Seems the opposite is true, as only a small percentage of DeFi sees hacks and/or rug-pulls. Could you make the same argument you generally make towards banks as well? Seems like you could, and in that case you're just making an argument against investing in general, not against cryptocurrencies.