getting into defi in a bear market

I am not really sure if it's a smart thing to do, because there are so many potential traps hidden along the way. Mostly I am on the Cronos chain/ Cosmos, so if you guys have some advice, I'd really appreciate it. So basically I am treating this sub as a personal journal, in hope that the usual voices which are answering are kind of real this time.

1. Impermanent loss. Since most of the defi project got hit hard during the bear market and already lost a lot of feathers. I've seen project losing 80-95% in value and a shitload of people got rekt... I assume it's rather unlikely that this happens again, since the bear market is crabbing around with the usual -/+10%.

2. It's rather easy to sort of the trash project from the "good" ones. I see a lot of flat lining projects with no sign of a slight recovery and some projects with the usual bear market trends. This makes it easy to have some triage :)

3. Is it with the hassle?! I mean, I could just slam some money into the biggies, eth and btc and just wait it out, rather than to search for good projects and reasonable APYs.

4. Taxes, taxes,taxes... In Germany it's already complicated with staking, but auto compounding and defi in general? Yooo, GL HF doing your taxes....

Yeah... So what do you guys think? In which defi are you invested in and why? Is it a good timing to get into defi?