Why Capital Efficiency Is the Real Product in DeFiFor years, DeFi has competed on a single number: APY. Protocols advertise higher yields. Users move capital to wherever the percentage looks best. Liquidity follows emissions. The assumption has been simple: yield is the product. But the highest APY is rarely the most efficient use of capital. And as DeFi matures, it’s becoming clear that yield was never the real product. Capital efficiency was.What Capital Efficiency Actually MeansCapital eff...

Why Capital Efficiency Is the Real Product in DeFiFor years, DeFi has competed on a single number: APY. Protocols advertise higher yields. Users move capital to wherever the percentage looks best. Liquidity follows emissions. The assumption has been simple: yield is the product. But the highest APY is rarely the most efficient use of capital. And as DeFi matures, it’s becoming clear that yield was never the real product. Capital efficiency was.What Capital Efficiency Actually MeansCapital eff...

The Future of Onchain FinanceFor all the progress DeFi has made, using it still feels more like operating a set of complex tools than participating in a real financial system. Wallet hopping, manual rebalancing, yield switching, constant monitoring — most onchain finance today demands attention, timing, and decision-making that only a small group of highly engaged users can realistically sustain. The result is an ecosystem optimized for short-term speculation, not long-term capital growth. If...

The Future of Onchain FinanceFor all the progress DeFi has made, using it still feels more like operating a set of complex tools than participating in a real financial system. Wallet hopping, manual rebalancing, yield switching, constant monitoring — most onchain finance today demands attention, timing, and decision-making that only a small group of highly engaged users can realistically sustain. The result is an ecosystem optimized for short-term speculation, not long-term capital growth. If...