DeFi Doesn’t Remove Trust — It Engineers It
Long term strategies are becoming more important than short term speculation Governance introduced human decisions back into supposedly trustless systems. Once you start asking what is producing the return, the dashboard looks very different. Headline yield tends to look much cleaner than realized performance. The visible number says very little about the costs required to maintain the position. This is why the displayed number should be treated as a starting point, not a conclusion. The sour...
DeFi Doesn’t Remove Trust — It Engineers It
Long term strategies are becoming more important than short term speculation Governance introduced human decisions back into supposedly trustless systems. Once you start asking what is producing the return, the dashboard looks very different. Headline yield tends to look much cleaner than realized performance. The visible number says very little about the costs required to maintain the position. This is why the displayed number should be treated as a starting point, not a conclusion. The sour...
