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But here’s the thing: Why does vault infrastructure matter? Use the framework below to guide your thinking. But here’s the thing: This connects directly to how move liquidity between protocols. In practice, explain how this creates friction and inefficiency.. monitor APYs constantly Most people underestimate why break it down simply.. Most people underestimate why vaults simplify this process.. In reality, This connects directly to how deploy across strategies. Most people underestimate why 3...

DeFi Doesn’t Remove Trust — It Engineers It In practice, defi doesn’t remove trust — it engineers it. This connects directly to how defi doesn’t remove trust — it engineers it. Don’t trust people. Trust code. This connects directly to how but trust didn’t disappear. it moved.. In practice, don’t trust people. trust code.. Most people underestimate why don’t trust people. trust code.. This connects directly to how bridges. governance systems Most people underestimate why multisigs. In practice...

Most users chase yield, but few understand durability. New strategies launch constantly. Yields spike, capital flows in, and then everything fades. This repeating cycle reveals a deeper truth: most opportunities are temporary. A sustainable strategy focuses on consistency rather than peak performance. Real yield comes from trading, lending, and market activity. Temporary yield often comes from incentives that decline over time. Liquidity, volatility, and demand all affect whether a strategy c...

High APY attracts capital, but sustainability keeps it. New strategies launch constantly. Yields spike, capital flows in, and then everything fades. This repeating cycle reveals a deeper truth: most opportunities are temporary. A sustainable strategy focuses on consistency rather than peak performance. Real yield comes from trading, lending, and market activity. Temporary yield often comes from incentives that decline over time. Liquidity, volatility, and demand all affect whether a strategy ...

DeFi moves fast, but not everything that moves fast lasts. New strategies launch constantly. Yields spike, capital flows in, and then everything fades. This repeating cycle reveals a deeper truth: most opportunities are temporary. A sustainable strategy focuses on consistency rather than peak performance. Real yield comes from trading, lending, and market activity. Temporary yield often comes from incentives that decline over time. Liquidity, volatility, and demand all affect whether a strate...

Open any DeFi dashboard and you’ll see numbers moving in real time. The IllusionHigh APYs and simple flows create the perception that yield is easy. But behind every number is a complex system. The GapDisplayed yield often ignores costs such as gas, slippage, and volatility. What looks like 20% can shrink significantly in practice. Where Yield Comes FromYield is generated through trading fees, lending, arbitrage, and incentives. Some sources are sustainable, others are temporary. Hidden Value...

1⃣ Góc nhìn người dùngNgười dùng gửi tiền vào vault và nhận về vault shares. Các chỉ số như eRate và NAV có thể gây khó hiểu ban đầu. 2⃣ Shares & eRateShares đại diện cho quyền sở hữu. eRate là giá trị của mỗi share và tăng dần theo thời gian. 3⃣ NAV là gìNAV là tổng giá trị của vault. NAV tăng nghĩa là mỗi share có giá trị cao hơn. 4⃣ Tại sao thời gian quan trọngLợi nhuận cần thời gian để tích lũy và compound. 5⃣ Quản lý chủ độngVault tự động phân bổ vốn và tái cân bằng chiến lược. 6⃣ Kết qu...

The Fragmentation ProblemThe DeFi ecosystem has expanded rapidly with hundreds of protocols and multiple chains. Users constantly search for better opportunities just to keep capital productive. The Operational BurdenManaging DeFi strategies requires moving liquidity, claiming rewards, and monitoring yields across many platforms while paying gas fees. Idle Capital and Opportunity CostBecause strategies are complex to manage, capital often sits idle or remains locked in outdated opportunities....

Open Letter For most of DeFi's history, yield has been evaluated primarily through APY. Yet sophisticated investors rarely judge opportunities using headline yield alone. 1⃣ The Problem With Yield Comparisons In many DeFi dashboards, yield is presented as a simple comparison between opportunities. Users scan platforms looking for the highest APY and quickly move liquidity toward the top of the chart. However, two strategies displaying the same APY may carry dramatically different levels of ri...