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Foundations: Defi

What is Yield?DeFi yield looks simple on the surface: deposit assets, watch the number go up

What is Yield?DeFi yield looks simple on the surface: deposit assets, watch the number go up. What matters is where that increase actually comes from. In practice, yield is not magic and not a single mechanism — it is a transfer of value generated by borrowers, traders, protocol incentives, or some combination of the three.Mar 21, 202627 min read

What Is DeFi Borrowing?DeFi borrowing lets anyone with on-chain collateral unlock liquidity without selling their assets

What Is DeFi Borrowing?DeFi borrowing lets anyone with on-chain collateral unlock liquidity without selling their assets. The idea sounds simple, but it only works because smart contracts, price oracles, interest-rate models, and liquidation incentives continuously keep the system solvent.Mar 21, 202627 min read

#CREDIT MARKETS

What is an Automated Market Maker?Automated market makers replaced the familiar idea of matching buyers and sellers with a stranger one: let a pool of tokens quote prices continuously according to a rule

What is an Automated Market Maker?Automated market makers replaced the familiar idea of matching buyers and sellers with a stranger one: let a pool of tokens quote prices continuously according to a rule. That simple shift made on-chain trading possible without a traditional order book, but it also created new risks, from slippage and impermanent loss to MEV.Mar 21, 202623 min read

What is Bribes (DeFi)?DeFi bribes turn voting power into something that can be rented

What is Bribes (DeFi)?DeFi bribes turn voting power into something that can be rented. Once a protocol lets token holders direct emissions, fees, or proposal outcomes, someone else can often pay those holders to vote a certain way — creating a market for influence rather than a simple governance system.Mar 21, 202626 min read

What is MEV?MEV is what happens when control over transaction ordering becomes economically valuable

What is MEV?MEV is what happens when control over transaction ordering becomes economically valuable. In DeFi, that simple fact explains everything from harmless arbitrage to sandwich attacks, private orderflow markets, and even risks to blockchain consensus.Mar 21, 202624 min read