In DeFi, Yield Is Only the Surface
When people first interact with decentralized finance, the most visible feature is yield. Platforms display attractive APY numbers, and investors naturally compare these percentages to decide where to deploy capital. At a glance, the process seems simple: higher APY means better opportunity. But in reality, yield is only the surface of what’s happening in DeFi. Beneath that number lies a deeper system of strategies, risks, and capital allocation decisions. Understanding this difference is bec...
In DeFi, Yield Is Only the Surface
When people first interact with decentralized finance, the most visible feature is yield. Platforms display attractive APY numbers, and investors naturally compare these percentages to decide where to deploy capital. At a glance, the process seems simple: higher APY means better opportunity. But in reality, yield is only the surface of what’s happening in DeFi. Beneath that number lies a deeper system of strategies, risks, and capital allocation decisions. Understanding this difference is bec...
