DeFi, a once-flourishing bastion of financial innovation, is experiencing turbulent times. According to BanklessTimes, an alarming 10% of the market is saturated with fraudulent tokens, which partially explains the prevailing climate of skepticism and distrust. A significant percentage of tokens have failed to deliver on their lofty promises, leaving investors to question the legitimacy and effectiveness of the entire ecosystem.

Compounding this overall sentiment, the current bear market has cast a dark cloud over the entire cryptocurrency community; as a result, DeFi's once illustrious reputation has deteriorated, raising concerns about its long-term survival.

Now, standing at a crossroads, DeFi finds itself grappling with an existential question – can it weather this storm and ensure …