DeFi Doesn’t Remove Trust — It Engineers It
Code is law, but humans still design that law. Decentralization often masks deeper layers of centralized control. What metrics actually matter when evaluating long term DeFi strategies This is where simple assumptions about yield begin to break down A visible APY can be informative, but it is rarely the full economic picture. Gross return and net return can end up being meaningfully different once the full path of execution is taken into account. Price movement, position drift, and operationa...
DeFi Doesn’t Remove Trust — It Engineers It
Code is law, but humans still design that law. Decentralization often masks deeper layers of centralized control. What metrics actually matter when evaluating long term DeFi strategies This is where simple assumptions about yield begin to break down A visible APY can be informative, but it is rarely the full economic picture. Gross return and net return can end up being meaningfully different once the full path of execution is taken into account. Price movement, position drift, and operationa...
