My take: smart-contract auditing is simply way too expensive and it's a problem.
As it's a reputation-based market, reputable firms in the space charge A LOT with no risk attached except "our reputation is on the line" 
Less #DeFi exploits requires cheaper audits.https://twitter.com/CamiRusso/status/1251921338455019521 …
DeFi exploits:
June 2019: Synthetix 37m sETH
Feb. 2020: bZx $900k
Mar 2020: iEarn ~$280k
April 2020: LendfMe $25m
It's not just one project's problem. DeFi needs better security standards or we'll continue seeing the downside of that composability double-edged sword.
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