The One-Click DeFi Economy
But simple presentation often creates a false sense of certainty. Why does liquidity leave certain protocols as fast as it enters them At this stage, the importance of structure becomes much more visible A high APY can shrink fast when real-world costs and market behavior are taken seriously. The visible number says very little about the costs required to maintain the position. One reason this matters is that displayed yield and realized yield are often very different things. Once you stop tr...
The One-Click DeFi Economy
But simple presentation often creates a false sense of certainty. Why does liquidity leave certain protocols as fast as it enters them At this stage, the importance of structure becomes much more visible A high APY can shrink fast when real-world costs and market behavior are taken seriously. The visible number says very little about the costs required to maintain the position. One reason this matters is that displayed yield and realized yield are often very different things. Once you stop tr...
