First Impressions: From Confusion to ClarityI remember the first time I deposited into a Concrete vault. I received vault shares, noticed numbers like eRate and NAV, and honestly… I didn’t fully understand what I was looking at. My balance moved daily, sometimes up, sometimes down, and I wondered if my deposit was actually growing or just fluctuating randomly. This is a very common experience for new users. The key is realizing that vaults are not just digital piggy banks—they’re actively man...

First Impressions: From Confusion to ClarityI remember the first time I deposited into a Concrete vault. I received vault shares, noticed numbers like eRate and NAV, and honestly… I didn’t fully understand what I was looking at. My balance moved daily, sometimes up, sometimes down, and I wondered if my deposit was actually growing or just fluctuating randomly. This is a very common experience for new users. The key is realizing that vaults are not just digital piggy banks—they’re actively man...

In DeFi, yield feels immediate. It is shown as a clean APY, updated in real time, and presented as something almost effortless to capture. You deposit assets, see a number grow, and assume you are participating in a straightforward income stream. But that simplicity is mostly a user interface decision, not a reflection of how the system actually works.Yield as a Compressed System OutputAPY is not a mechanism—it is a compressed output of many moving parts. Liquidity depth, trading activity, in...

In DeFi, yield feels immediate. It is shown as a clean APY, updated in real time, and presented as something almost effortless to capture. You deposit assets, see a number grow, and assume you are participating in a straightforward income stream. But that simplicity is mostly a user interface decision, not a reflection of how the system actually works.Yield as a Compressed System OutputAPY is not a mechanism—it is a compressed output of many moving parts. Liquidity depth, trading activity, in...