garrett- (garrett-)

So many RWA tokenization and defi projects seem to fundamentally miss the mark in terms of clearly outlining where the yield is coming from and what the risks are with the associated yields. Some people will take on more risk for higher yields but those risks should be made clear and it should be easier for people to understand where the yields are coming from. (Hint: a lot of it is unsecured loans or lower tier loans that have higher likelihood to default. Or it could just be from a valueless token with no liquidity that's inflating "yields") Personally, I only feel confident in defi protocols that are offering a mix of the treasury rate + onchain borrow/lend rate. Big fan of Aave and Morpho but most defi yield vaults are introducing you to more risk than you think.

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