[TimJRobinson]

As someone that loves DeFi I think that take is reasonable. If you don't understand it don't put your money in it, and only invest an amount that is equal to the risk of that protocol failing.

Because code is immutable you can simply wait until a protocol is a few months / years old and if it hasn't been hacked you know it's going to be safe.

This is why regulation isn't as needed, because the code can't secretly change like humans at opaque financial institutions can. Immutability + Transparency + Time is the regulation.