DeFi Doesn’t Remove Trust — It Engineers It
A lot of DeFi products package yield in a way that makes it feel simpler than it really is. But the number being visible does not mean the mechanism is clear. If the source of a return is unclear, the opportunity is usually less understood than it appears. That is usually where more serious thinking begins. What looks generous on the dashboard can feel much thinner after the full set of trade-offs shows up. The headline figure is usually much easier to observe than the net outcome. The mechan...
DeFi Doesn’t Remove Trust — It Engineers It
A lot of DeFi products package yield in a way that makes it feel simpler than it really is. But the number being visible does not mean the mechanism is clear. If the source of a return is unclear, the opportunity is usually less understood than it appears. That is usually where more serious thinking begins. What looks generous on the dashboard can feel much thinner after the full set of trade-offs shows up. The headline figure is usually much easier to observe than the net outcome. The mechan...
