Calling everything “AdminKeyFi” is a bit too convenient. Yes - admin keys have been a major attack surface in many recent exploits. But reducing all of DeFi to that single flaw ignores the broader reality: poor audits, rushed deployments, flawed bridge designs, and over-centralized governance models all play a role. True DeFi isn’t defined by marketing claims like “no admin keys.” It’s defined by transparency, verifiability, and minimizing trust assumptions across the entire stack. And let’s be clear - “DAO-controlled” systems can absolutely become pseudo-centralized if voting power is concentrated. That’s a governance problem, not just an admin key problem. Users aren’t just choosing between “admin key vs no admin key.” They’re navigating trade-offs between usability, security, and decentralization - often without the tools to evaluate them properly.