The One-Click DeFi Economy
This cycle repeats across DeFi regardless of protocol or market conditions What matters most is the source of the return, not just the visibility of it. And this is where disciplined capital gains a clear advantage Gross return and net return can end up being meaningfully different once the full path of execution is taken into account. Once you include impermanent loss, gas, slippage, strategy maintenance, and volatility, the APY can compress quickly. The return on screen may be real, but it ...
The One-Click DeFi Economy
This cycle repeats across DeFi regardless of protocol or market conditions What matters most is the source of the return, not just the visibility of it. And this is where disciplined capital gains a clear advantage Gross return and net return can end up being meaningfully different once the full path of execution is taken into account. Once you include impermanent loss, gas, slippage, strategy maintenance, and volatility, the APY can compress quickly. The return on screen may be real, but it ...
Code may be law, but humans still define that law within complex protocols
Multisigs often replace trust rather than removing it entirely. Bridges revealed how fragile cross-chain trust assumptions can be. That is where the conversation gets serious: what exactly is paying for the yield? And this is where the idea of durable strategies becomes clearer The displayed number often creates a sense of certainty that the actual outcome does not deserve. A high APY can shrink fast when real-world costs and market behavior are taken seriously. What is advertised and what is...
Code may be law, but humans still define that law within complex protocols
Multisigs often replace trust rather than removing it entirely. Bridges revealed how fragile cross-chain trust assumptions can be. That is where the conversation gets serious: what exactly is paying for the yield? And this is where the idea of durable strategies becomes clearer The displayed number often creates a sense of certainty that the actual outcome does not deserve. A high APY can shrink fast when real-world costs and market behavior are taken seriously. What is advertised and what is...
If You Can’t Explain Yield, You Are the Yield.
What DeFi did remarkably well was make yield feel immediate and visible. That is where the conversation gets serious: what exactly is paying for the yield? Once you get to that question, the whole picture starts to change. Once you include impermanent loss, gas, slippage, strategy maintenance, and volatility, the APY can compress quickly. The displayed number often creates a sense of certainty that the actual outcome does not deserve. What is advertised and what is realized are often separate...
If You Can’t Explain Yield, You Are the Yield.
What DeFi did remarkably well was make yield feel immediate and visible. That is where the conversation gets serious: what exactly is paying for the yield? Once you get to that question, the whole picture starts to change. Once you include impermanent loss, gas, slippage, strategy maintenance, and volatility, the APY can compress quickly. The displayed number often creates a sense of certainty that the actual outcome does not deserve. What is advertised and what is realized are often separate...
