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Understand DeFi Protocols: Don’t Focus Only on APY—Where Does the Yield Come From? Who Bears the Risk?
In DeFi (decentralized finance), one question that is easy to overlook is: when a protocol advertises an enticing annual percentage yield, where does that yield actually come from?
APY is only a way of presenting the result; it does not, by itself, prove that a protocol is worth participating in.
To assess whether a DeFi protocol is sustainable, you can start with these four areas.
1. Where does the yield come from?
Yield may come from interest paid by borrowers, trading fees, liquidity incen
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I haven’t found any on-chain evidence for this claim. I’ve reviewed the major on-chain data dashboards, several stablecoin minting and burning records, exchange net inflows and outflows, and well-known custodian addresses, and I haven’t seen any unusual activity consistent with a “secret reset.”
It’s true that gold is rising, and the World Gold Council’s data is there for all to see: global central banks made net gold purchases of approximately 1,082 tonnes in 2022, 1,037 tonnes in 2023, and 1,045 tonnes in 2024, exceeding 1,000 tonnes for three consecutive years. At the same time, changes in
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Trenches
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#SolanaNonVoteTxHits8.92B 🚀 Solana Non-Vote Transactions Hit 8.92 Billion!
The Solana ecosystem continues to attract attention as non-vote transactions reach an impressive 8.92 billion, highlighting the network’s massive on-chain activity. 📊
Solana has become a major player in the blockchain space, thanks to its fast transaction speeds, low fees, and growing ecosystem of decentralized applications, DeFi platforms, and meme coins.
🔥 Rising transaction activity can reflect strong network usage and growing user engagement. However, transaction volume alone does not guarantee price increases, s
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SOL-0.05%
Market in turmoil: $400 million in liquidations and whales selling
The crypto market saw mass liquidations as Bitcoin briefly fell, while major players continue to take profits.
— $400 million in LONG positions were liquidated in 4 hours as Arthur Hayes sells off millions in assets again and Bitcoin whales move BTC to exchanges.
Bottom line: Volatility persists, with insiders’ bearish sentiment adding pressure to the market.
$SPCX ‌
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SPCX+1.88%
Geometrically proven
A geometrically perfect structure
No matter the cause
No matter what the cause
We’ve all been waiting for this to come true
We’ve waited too long for this
For too long
Thank you, everyone
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ZEC is up a little over 7% this week, while Bitcoin is down.
It peaked at 1368 on the 21st, but by the 24th it was down to 1214. It fell every day in between.
This morning it bounced back to 1226, ending its four-day losing streak.
Current price: 1215.
The weekly trend is up, but the highs are getting lower. That’s what a move running out of steam looks like.
The upgrade hasn’t gone live yet, but sentiment has already played out.
NU7’s mainnet target is around November 5. Block times will be cut from 75 seconds to 25 seconds.
The official target is block height 3543405; the date is just an est
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ZEC+3.85%
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$HBAR i'm slowly accumulating more hbar for the mid to long term.
not chasing quick gains, just building my position over time.
keeping it around 5% of my portfolio.
remember patience pays off.
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HBAR+0.46%
One thing I've noticed in my few years of being in this Defi space is that users prefers it if the announcement/promise of a team is verifiable onchain and this is exactly what @grvt_io is doing.
The just concluded 1.1M $GRVT buyback and other upcoming buybacks and burns is all verifiable.
The buybacks are intended to happen monthly at the discretion of the token issuer.
The buybacks are also handled by an independent execution partner on behalf of the $GRVT foundation.
The cumulative burns, transaction hashes, purchases and others can be tracked and verified on this dashboard:
Onchain verific
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Nothing is more painful than this, ahhh. From now on, use a passkey whenever you can and free yourself from the inhumane thing that is passwords.
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$BMT Current price is 0.03284. The Bollinger lower band at 0.03126 is the first line of defense, while MA20 at 0.03668 is the watershed for trend recovery. Down 24.52% over 24 hours, but the funding rate is -0.1587%, meaning shorts are paying to hold positions—a setup prone to triggering a squeeze after being oversold.
To judge whether a trend is healthy using moving averages, focus on three things: the price’s position relative to the averages, the direction of their alignment, and the degree of deviation. MA5 at 0.03329 is currently below MA20 at 0.03668, indicating a bearish alignment; the
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BMT-12.19%
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Ready for the Session
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this ETH L2 was worth ~$25B last bullrun and now it’s down 98%
insane lmao how did we let this happen
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ETH-0.57%
#USEarningsSeason
#USEarningsSeason
🇺🇸 US Earnings Season: A Key Test for the Markets
The US earnings season is entering a crucial phase as investors look for fresh signals on corporate profitability, economic resilience, and future growth.
📊 Strong earnings could boost investor confidence and support a broader market rally, while disappointing results or cautious guidance may increase volatility.
💡 Key factors to watch:
* Revenue and earnings growth
* Corporate guidance and profit margins
* AI investment and technology sector performance
* Interest rate expectations and market sentiment
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$IOST
UPDATE
#IOST is at strong support level. Expecting 100%+ gain here ✍🏻
#IOSTUSDT #IOSTBTC #BTC #Bitcoin #NFTs
IOST+15.82%
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I really don’t know where these street vendors get the nerve these days.
The stuff they sell is generally more expensive than what you’d find in stores.
People used to set up stalls to make a little extra money; now they’re trying to get rich.
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SOL has fallen below $100, marking a 3.84 decline over the past 24 hours.
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Stablecoins look like digital dollars, but why aren’t they equivalent to dollars in a bank?
In the cryptocurrency market, stablecoins are often used for trade settlement, temporarily holding assets, and on-chain payments. Many people believe that as long as a token’s price stays close to $1 over time, it can be treated as cash.
But a similar price does not mean the same risks.
I. Why can stablecoins maintain a stable price?
Different stablecoins rely on different mechanisms to maintain their prices. Three common types are:
1. Fiat-backed
The issuer holds reserve assets such as cash and short-t
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GM and happy Sunday, everyone
All sinners repent from your bad ways
God be with you allllll
Green be with you all 💹💹💹💹
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There are still quite a few people out enjoying the sun on the weekend,
(New Streamer) Current Update On SOL
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