Trust becomes safer when explicitly defined and transparently enforced. Real activity based yield tends to be more stable over time The headline APY is only useful if you can explain the mechanism behind it. That shift in perspective changes the way you read every opportunity in the market. A visible APY can be informative, but it is rarely the full economic picture. What is advertised and what is realized are often separated by more friction than people expect. If the number itself is not en...
