I still think DeFi users often focus too much on the number displayed as APY and not enough on what sits behind that number.
What I find interesting about @TermMax is the role of vault curation. Market selection, maturity choices, pricing parameters, and protocol safeguards all influence how capital is deployed. That makes the vault structure itself an important part of the strategy, rather than treating yield as the only metric that matters.
If market conditions change quickly, could the quality of capital management ultimately matter more than the headline APY?
#TermMax
What I find interesting about @TermMax is the role of vault curation. Market selection, maturity choices, pricing parameters, and protocol safeguards all influence how capital is deployed. That makes the vault structure itself an important part of the strategy, rather than treating yield as the only metric that matters.
If market conditions change quickly, could the quality of capital management ultimately matter more than the headline APY?
#TermMax
