If You Can’t Explain Yield, You Are the Yield.
But the cleanest-looking opportunities are not always the easiest ones to understand. The real question is not how high the number is, but what economic activity is generating it. Once you get to that question, the whole picture starts to change. A visible APY can be informative, but it is rarely the full economic picture. What looks generous on the dashboard can feel much thinner after the full set of trade-offs shows up. At that point, the obvious question is what engine is producing the re...
If You Can’t Explain Yield, You Are the Yield.
But the cleanest-looking opportunities are not always the easiest ones to understand. The real question is not how high the number is, but what economic activity is generating it. Once you get to that question, the whole picture starts to change. A visible APY can be informative, but it is rarely the full economic picture. What looks generous on the dashboard can feel much thinner after the full set of trade-offs shows up. At that point, the obvious question is what engine is producing the re...
