If you are sophisticated (or even just have a functioning brain instead of a void between your ears) you can easily:
1) Avoid assets that are inflationary, by conducting your own due diligance, or even better inspect the code of the smart contract to determine if minting is even possible.
2) No oversight is a feature not a bug. Nobody forces you to trade, but knowing the rules of the game are unalterable is ultimately the best arbiter of active capital allocation decisions. Did you follow the story of the LME and Nickel futures over the last fortnight? That market is now bust and the LME's reputation is (rightly) in tatters.
3) Having worked as a trader at a blue chip investment bank and then at a hedge fund for many years I am almost positive despite the present clunkiness and inefficency of some AMM based DeFi exchanges, this model is the future of exchange. CLOB's are manipulated just as much (if not more) than DeFi/CEX OB's.