If You Can’t Explain Yield, You Are the Yield.
What DeFi did remarkably well was make yield feel immediate and visible. Dashboards show APYs in real time, balances update instantly, and returns appear to compound on their own. Most users stop at the number, but the real work starts when you ask what sits underneath it. This is where a simple dashboard stops being enough. Gross return and net return can end up being meaningfully different once the full path of execution is taken into account. This is why the displayed number should be trea...
If You Can’t Explain Yield, You Are the Yield.
What DeFi did remarkably well was make yield feel immediate and visible. Dashboards show APYs in real time, balances update instantly, and returns appear to compound on their own. Most users stop at the number, but the real work starts when you ask what sits underneath it. This is where a simple dashboard stops being enough. Gross return and net return can end up being meaningfully different once the full path of execution is taken into account. This is why the displayed number should be trea...
