Code may be law, but humans still define that law within complex protocols
Hidden trust assumptions create risk across interconnected DeFi systems. Human judgment still matters in unpredictable edge cases. Long term capital prefers predictable outcomes over uncertain short term gains The headline figure is usually much easier to observe than the net outcome. The return on screen may be real, but it is rarely complete. By the time volatility and execution costs are fully counted, the yield can look very different from the original promise. This is one reason headline...
Code may be law, but humans still define that law within complex protocols
Hidden trust assumptions create risk across interconnected DeFi systems. Human judgment still matters in unpredictable edge cases. Long term capital prefers predictable outcomes over uncertain short term gains The headline figure is usually much easier to observe than the net outcome. The return on screen may be real, but it is rarely complete. By the time volatility and execution costs are fully counted, the yield can look very different from the original promise. This is one reason headline...
