Stop Building Liquidity Layers That Avoid Repricing Risk
DeFi safety layers often trade explicit risk pricing for assumptions and dependencies; they look stable in normal regimes and fail discontinuously under stress.
Topic
defi
Posts on defi: cross-cutting discussions, guides, and analysis across modern technology and software.
2 posts
DeFi LP Yield Is Drift Compensation, Not Interest Income
Liquidity provision is an inventory-risk trade: fees pay for drift, stable pools fail on depegs, and “safety fixes” often add hidden dependency fragility.