@billgret
DeFi trained users to chase APY. Protocols flex the highest number, liquidity jumps, emissions spike, and capital moves again. But the highest yield is rarely the most efficient use of capital.
Capital efficiency means funds working continuously with minimal idle liquidity, risk-adjusted yield over raw APY, fewer transactions, lower volatility drag, and reduced opportunity cost.
Most DeFi is inefficient: idle pool capital, collapsing incentives, gas eating automated compounding, manual repositioning, mercenary liquidity. Yield chasing often destroys real efficiency.
Concrete vaults reframe DeFi vaults as infrastructure for managed DeFi and onchain capital allocation. With Allocator logic, Strategy Manager controls, Hook Manager risk boundaries, and ctASSET primitives, Concrete vaults optimize deployment over time.
Institutions care about predictability, preservation, and scalable allocation. DeFi matures when capital efficiency beats emissions. Explore Concrete at app.concrete.xyz
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