The continuity hypothesis suggests the congruence of waking experiences with dreams and can be studied on multiple levels. One of them is the maturity of individual’s emotional regulation style, which can be empirically examined via defense mechanisms. Studying these regulators of emotional conflicts by working on dreams to alleviate various psychosomatic states has been recognized among psychoanalysts decades ago. This area has gained additional value with increased scientific interest in lucid dreams. However, since the majority of findings about their (mal)adaptability are inconsistent, some authors approached this construct multidimensionally. It has been clarified that adverse mental health outcomes are not related to the very consciousness of dreaming, but to a lack of control in lucidity. Also, it has been confirmed that the use of self-induction techniques predicts an longterm increase in schizotypy and dissociation. The aim of this study was to examine the continuity of defense mechanisms in the waking and lucid state of consciousness. The research was conducted online, and the results were analyzed on a sample of a 665 participants. Frequency and Intensity of Lucid Dreams Questionnaire (FILD) showed satisfactory psychometric characteristics. Results indicate a positive correlation between psychopatological distress with frequency and negative correlation with intensity and emotional valence in lucid dreams. Furthermore, the main risk factors for psychopathological symptoms are denial, immature defenses, self-induced and prolonged lucidity, while mature defenses and rationalization are the main protective factors. Finally, it was confirmed that the psychopathological profile of non-lucid dreamers is indeed significantly different from those of low- and high-intensity lucid dreamers. Also, when it comes to inductively lucid dreamers, positive emotions related to lucidity have explained the differences in the number of awakenings, the quality of sleep, the desire to re-lucid sleep, the meaningfulness of dream plot and its recall. In general, the results confirm the continuity hypothesis on several levels and suggest that emotionality and induction of lucidity are potentially dominant determinants of the psychological well-being of lucid dreamers. This represents a significant step forward from previous research focusing on lucidity frequency and intensity.