Learn
Understand on-chain vaults.
Standards, yield sources and the ways a rate misleads. Not a trading course.
What is a DeFi vault?
A pooled strategy and a share token. Not a savings account and not a private-market fund.
ERC-4626 explained
Deposit, withdraw and share accounting. The standard stops before strategy risk.
ERC-7540 and asynchronous redemptions
When a request is not a fill. The standard for vaults that cannot settle immediately.
Vault shares, NAV and exchange rates
A rising share price is a result, not a promise. Fees and losses move it too.
How stablecoin vault yield is generated
Interest, incentives, basis or off-chain assets. Name the source or do not trust the rate.
How altcoin vaults work
The token is the risk. The vault is only the routing.
What is impermanent loss?
Divergence between holding the assets and pooling them.
What is liquidation risk?
Collateral sold because a rule fired. Not a dip to wait out inside a loan.
How to assess curator risk
Permissions, timelocks, methodology and what is simply unknown.
How to read a smart-contract audit
An audit is a dated review, not a safety certificate.
Why TVL is not a safety signal
Size is attention and concentration. It is not diligence.
Why high APY can be misleading
Emissions, short windows and leverage wear the same costume.
How token incentives affect yield
Separate organic return from tokens the protocol printed.
How to identify liquidity mismatch
A vault that promises faster exit than its assets can deliver.
The risks of cross-chain vaults
A bridge is a third system. It is not a footnote on the destination chain.
Self-custody transaction safety
Approvals, chain IDs and the fact that a signature is usually final.
DeFi tax records and data caveats
Indexers disagree. Your records should not depend on one dashboard.