The phenomena don't really seem comparable. With bitcoin treasury companies, there is no smart contract risk and it's clear how the yield is generated. There was also oftentimes not any actual capital (bitcoin) backing anything in DeFi yield farming. It was a Ponzi of useless tokens on top of useles...

It was no more retarded than having fiat in some interest bearing account. Calling it names is not an argument.

it's gonna be fun