The One-Click DeFi Economy
Infrastructure will outlast incentives in mature decentralized financial systems But over time, cracks in that narrative became impossible to ignore. But simple presentation often creates a false sense of certainty. Once you include impermanent loss, gas, slippage, strategy maintenance, and volatility, the APY can compress quickly. What is advertised and what is realized are often separated by more friction than people expect. A dashboard figure is often more useful as a signal than as a fina...
The One-Click DeFi Economy
Infrastructure will outlast incentives in mature decentralized financial systems But over time, cracks in that narrative became impossible to ignore. But simple presentation often creates a false sense of certainty. Once you include impermanent loss, gas, slippage, strategy maintenance, and volatility, the APY can compress quickly. What is advertised and what is realized are often separated by more friction than people expect. A dashboard figure is often more useful as a signal than as a fina...
What Makes a DeFi Strategy Actually Sustainable?
A good strategy remains viable across both bull and bear markets Yield compression is natural as markets become more competitive What separates temporary yield opportunities from truly sustainable DeFi strategies today Gross return and net return can end up being meaningfully different once the full path of execution is taken into account. The displayed number often creates a sense of certainty that the actual outcome does not deserve. This is why the displayed number should be treated as a s...
What Makes a DeFi Strategy Actually Sustainable?
A good strategy remains viable across both bull and bear markets Yield compression is natural as markets become more competitive What separates temporary yield opportunities from truly sustainable DeFi strategies today Gross return and net return can end up being meaningfully different once the full path of execution is taken into account. The displayed number often creates a sense of certainty that the actual outcome does not deserve. This is why the displayed number should be treated as a s...
