> There was enough in the terra ecosystem to come to a conclusion of avoiding completely

There is enough information in a ten or 20% yield to come to a conclusion. That doesn't stop unsophisticated investors from getting screwed.

When they do so because they bought magic beans, I have no sympathy. When are lied to and sold deposit-like products [1], it's infuriating.

[1] https://stablegains.zendesk.com/hc/en-us/articles/4402680375...

Consider what we see if there isn't enough information: https://en.wikipedia.org/wiki/The_Market_for_Lemons And on a totally separate note, consider what we see in DeFi.

That's a great point. Even if there were actually legitimate products that could somewhat use cryptocurrency as part of their offering, they would probably get rid of it eventually just to avoid the association with the endless scams that fester in the ecosystem.