DeFi· 9 min
Points Are Not Yield
A points programme is a promise to decide later. It can pay extremely well, and it is priced by the market as if it were income, which it is not.
Maria Fernandez · November 4, 2026→
Section
DeFi
Reporting and analysis across DeFi.
DeFi· 12 min
Restaking Explained: Extra Yield, Extra Slashing
Restaking is a genuinely new idea: security as a rentable resource. It also stacks slashing conditions you did not choose on top of capital you already committed.
Emily Carter · November 2, 2026→
DeFi· 12 min
Crypto Yield: Every Way to Earn, and What Each One Risks
Every yield in crypto comes from one of six engines. Knowing which one you are holding tells you more than any advertised rate ever will.
Emily Carter · October 21, 2026→
DeFi· 10 min
DAI vs USDC: Two Ways to Back a Dollar
The usual framing is decentralised versus centralised. The more useful framing is which counterparty you would rather have, because both models have one.
David Turner · October 19, 2026→
DeFi· 10 min
Yield-Bearing Stablecoins: Where the Return Comes From
Every stablecoin paying a return is doing something with your money. The only question that matters is what, because that decides the scenario in which the return stops.
David Turner · October 9, 2026→
DeFi· 8 min
Stablecoins for Saving or Trading: How to Choose
There is no single best stablecoin, because holding one for six months and moving one between venues are different problems with different answers.
David Turner · October 1, 2026→
DeFi· 9 min
USDC vs USDT: Reserves, Disclosure and Where Each Wins
One has the better disclosure, the other has the deeper market. That single sentence explains almost every decision people make between them.
David Turner · September 25, 2026→
DeFi· 10 min
Why Stablecoins Depeg: Six Cases and What Each Taught
Pegs break for a small number of reasons, and each of the big cases isolates one. Here is what actually happened, and which risk applies to your holdings.
Maria Fernandez · September 23, 2026→
DeFi· 11 min
Stablecoins Explained: What Actually Backs a Digital Dollar
A stablecoin is a promise that one token equals one dollar. Everything interesting is in who makes that promise, what stands behind it, and who can check.
David Turner · September 21, 2026→
DeFi· 9 min
What Is DeFi? Decentralized Finance Explained
Decentralized finance rebuilds lending, trading, and saving as open code on public blockchains. Here is how it works, what it lets you do, and where it can go wrong.
David Turner · June 16, 2026→
DeFi· 10 min
How Do Decentralized Exchanges (DEXs) Work?
Decentralized exchanges let you trade tokens straight from your wallet, with no broker holding your funds. Here is how AMMs and liquidity pools price every swap.
Maria Fernandez · June 3, 2026→
DeFi· 10 min
Yield Farming and Liquidity Mining Explained
Yield farming chases returns by moving crypto between DeFi protocols. We break down where the yield comes from, how APY can mislead, and the risks behind big numbers.
David Turner · May 23, 2026→
DeFi· 9 min
What Is Impermanent Loss in DeFi?
Impermanent loss quietly erodes the value of liquidity positions when token prices move. Here is why it happens, how big it gets, and when fees offset it.
Maria Fernandez · May 9, 2026→
DeFi· 10 min
Crypto Lending and Borrowing in DeFi Explained
DeFi lending markets let anyone earn interest or borrow against crypto, governed entirely by code. Here is how collateral, rates, and liquidations actually work.
David Turner · May 2, 2026→