TVL growth needs a flow breakdown.
When evaluating Haedal Lending Vault, a rising dollar TVL can reflect fresh deposits, strategy income, higher prices of deposited assets, or a combination of all three. These drivers carry different information for traders following $HAEDAL .
Consider an illustrative $SUI vault: if its token balance stays unchanged while $SUI rises 10%, its dollar TVL also rises approximately 10%. That does not demonstrate new depositor demand. Conversely, falling asset prices can conceal positive net deposits.
A useful review compares asset balances, net deposits and withdrawals, vault share supply and value per share over the same period. Share issuance can reflect subscriptions; changes in value per share help assess strategy results. Neither metric should be read alone.
Haedal's aggregated lending model makes capital easier to manage. Separating flows from valuation changes makes adoption easier to evaluate.
For the $HAEDAL thesis, persistent net deposits through different market conditions provide stronger evidence of demand than one dollar TVL snapshot. NFA.
#HAEDAL #Haedal @HaedalProtocol
When evaluating Haedal Lending Vault, a rising dollar TVL can reflect fresh deposits, strategy income, higher prices of deposited assets, or a combination of all three. These drivers carry different information for traders following $HAEDAL .
Consider an illustrative $SUI vault: if its token balance stays unchanged while $SUI rises 10%, its dollar TVL also rises approximately 10%. That does not demonstrate new depositor demand. Conversely, falling asset prices can conceal positive net deposits.
A useful review compares asset balances, net deposits and withdrawals, vault share supply and value per share over the same period. Share issuance can reflect subscriptions; changes in value per share help assess strategy results. Neither metric should be read alone.
Haedal's aggregated lending model makes capital easier to manage. Separating flows from valuation changes makes adoption easier to evaluate.
For the $HAEDAL thesis, persistent net deposits through different market conditions provide stronger evidence of demand than one dollar TVL snapshot. NFA.
#HAEDAL #Haedal @HaedalProtocol