DeFi Doesn’t Remove Trust — It Engineers It
APYs spike fast and create strong incentives for early capital inflows Where does the yield really come from in most DeFi protocols This is where surface-level clarity starts to break apart. What looks generous on the dashboard can feel much thinner after the full set of trade-offs shows up. The visible number says very little about the costs required to maintain the position. Two yields that look similar at the surface can be built on totally different economic foundations. Durability is par...
DeFi Doesn’t Remove Trust — It Engineers It
APYs spike fast and create strong incentives for early capital inflows Where does the yield really come from in most DeFi protocols This is where surface-level clarity starts to break apart. What looks generous on the dashboard can feel much thinner after the full set of trade-offs shows up. The visible number says very little about the costs required to maintain the position. Two yields that look similar at the surface can be built on totally different economic foundations. Durability is par...
What Makes a DeFi Strategy Actually Sustainable?
Changing correlations can alter expected performance of strategies over time Short term performance rarely reflects long term viability in DeFi strategies The number matters less once you realize you do not yet know what is funding it. This is the part many users do not discover until after they have already entered. That is the difference between a visible return and a realized one. In DeFi, that flow may come from trading fees, lending activity, arbitrage, liquidation events, or token incen...
What Makes a DeFi Strategy Actually Sustainable?
Changing correlations can alter expected performance of strategies over time Short term performance rarely reflects long term viability in DeFi strategies The number matters less once you realize you do not yet know what is funding it. This is the part many users do not discover until after they have already entered. That is the difference between a visible return and a realized one. In DeFi, that flow may come from trading fees, lending activity, arbitrage, liquidation events, or token incen...
