The One-Click DeFi Economy
DeFi is becoming more system driven rather than opportunity driven over time High APY launches attract liquidity but quickly compress as participation increases But visibility is not the same thing as understanding. By the time volatility and execution costs are fully counted, the yield can look very different from the original promise. The headline figure is usually much easier to observe than the net outcome. The mechanism matters because yield is never just a number floating in isolation. ...
The One-Click DeFi Economy
DeFi is becoming more system driven rather than opportunity driven over time High APY launches attract liquidity but quickly compress as participation increases But visibility is not the same thing as understanding. By the time volatility and execution costs are fully counted, the yield can look very different from the original promise. The headline figure is usually much easier to observe than the net outcome. The mechanism matters because yield is never just a number floating in isolation. ...
