When yield has no visible source, you are the source. DeFi Dave of cap on separating sustainable onchain yield from the kind that ends badly. The question isn't what's the rate. It's who's paying it and why. Brought to you by Wrapped and Real Motion

@defidave @CapApp 🍿

@defidave @CapApp @wrappedxyz the last line hits different. who is paying it and why. thats the only question that matters in defi honestly

@defidave @CapApp @wrappedxyz ponzi logic

@defidave @CapApp @wrappedxyz yield with no source is just the next guy bag getting liquidated. people learn this the hard way every cycle

@defidave @CapApp @wrappedxyz lol remember when people were chasing 80000% APY and acting like it was totally fine 💀

@defidave @CapApp @wrappedxyz so true. the rate is almost irrelevant if you dont understand the mechanic behind it

@defidave @CapApp @wrappedxyz hmm this is actually one of the cleaner ways ive seen it explained. like no charts needed just pure logic