Stop Chasing APY — Start Understanding Yield
In DeFi, it’s easy to get distracted by big numbers. Open any dashboard and you’ll see protocols competing to display the highest APY. Naturally, many users follow the same pattern: find the largest return and move capital there. At first glance, this seems logical. Higher yield should mean better performance. But experienced investors know something important: not all yield is created equal. The real question is not just how much yield a strategy produces, but how risky that yield is to main...
Stop Chasing APY — Start Understanding Yield
In DeFi, it’s easy to get distracted by big numbers. Open any dashboard and you’ll see protocols competing to display the highest APY. Naturally, many users follow the same pattern: find the largest return and move capital there. At first glance, this seems logical. Higher yield should mean better performance. But experienced investors know something important: not all yield is created equal. The real question is not just how much yield a strategy produces, but how risky that yield is to main...
Beyond APY — The Metric That Actually Matters in DeFi
For many DeFi users, the journey begins the same way: open a dashboard, scan the list of protocols, and look for the highest APY. The logic feels straightforward. If one strategy offers 25% while another offers 8%, the higher number must be the better opportunity. This simple comparison has shaped much of DeFi’s early growth. Protocols compete to offer the most attractive yield, and users move their liquidity toward whichever platform advertises the biggest return. But as the industry matures...
Beyond APY — The Metric That Actually Matters in DeFi
For many DeFi users, the journey begins the same way: open a dashboard, scan the list of protocols, and look for the highest APY. The logic feels straightforward. If one strategy offers 25% while another offers 8%, the higher number must be the better opportunity. This simple comparison has shaped much of DeFi’s early growth. Protocols compete to offer the most attractive yield, and users move their liquidity toward whichever platform advertises the biggest return. But as the industry matures...
