Yield is never free. It may come from borrowers, trading activity, token issuance, market-making risk or leverage layered across protocols. Draw the complete flow from your wallet to the final economic activity. Add every smart contract, bridge, oracle, stablecoin and administrator that can interrupt repayment.
Put it into practice
- Write down the decision before acting.
- Define the risk in dollars and time.
- Review the result and improve the process.
