DeFi Doesn’t Remove Trust — It Engineers It
DeFi turned yield into something people could track instantly. The user experience makes it seem like the hard part is choosing the highest number. Why does liquidity leave certain protocols as fast as it enters them A visible APY can be informative, but it is rarely the full economic picture. The visible number says very little about the costs required to maintain the position. By the time volatility and execution costs are fully counted, the yield can look very different from the original p...
DeFi Doesn’t Remove Trust — It Engineers It
DeFi turned yield into something people could track instantly. The user experience makes it seem like the hard part is choosing the highest number. Why does liquidity leave certain protocols as fast as it enters them A visible APY can be informative, but it is rarely the full economic picture. The visible number says very little about the costs required to maintain the position. By the time volatility and execution costs are fully counted, the yield can look very different from the original p...
