defi doesn't make sense without insurance
when you put on a trade, you typically aim for a r/r ratio of 1.5 or 2 minimum
yet in defi ppl risk 100% loss for 5% APY
banks suck but your account is fdic insured up to 250k. defi isn't insured by default.
ofc its easier to take the risk when gambling with other people's money, since ud make bonuses every year leading to the 100% loss