DeFi made yield visible, but not necessarily understandable. What used to be hidden inside bank products is now displayed in real time dashboards, APY counters, and auto-compounding interfaces. But clarity is often an illusion. The easier it becomes to “earn yield,” the less people tend to ask where it actually comes from.The Illusion of Simple YieldAt first glance, DeFi feels refreshingly straightforward. You deposit assets, you see a number on a dashboard, and that number slowly grows. Some...

DeFi made yield visible, but not necessarily understandable. What used to be hidden inside bank products is now displayed in real time dashboards, APY counters, and auto-compounding interfaces. But clarity is often an illusion. The easier it becomes to “earn yield,” the less people tend to ask where it actually comes from.The Illusion of Simple YieldAt first glance, DeFi feels refreshingly straightforward. You deposit assets, you see a number on a dashboard, and that number slowly grows. Some...

First ImpressionsI remember my first Concrete vault deposit. I received vault shares and noticed numbers like eRate and NAV. At first, it felt confusing—was my money really growing, or were the numbers just moving around? That’s a common feeling for anyone new to DeFi. Taking a step back to understand what these numbers mean makes the system feel much more intuitive.Vault Shares: Your Slice of the VaultVault shares are your portion of the vault. Imagine the vault as a big pie—your deposit giv...

First ImpressionsI remember my first Concrete vault deposit. I received vault shares and noticed numbers like eRate and NAV. At first, it felt confusing—was my money really growing, or were the numbers just moving around? That’s a common feeling for anyone new to DeFi. Taking a step back to understand what these numbers mean makes the system feel much more intuitive.Vault Shares: Your Slice of the VaultVault shares are your portion of the vault. Imagine the vault as a big pie—your deposit giv...