Deep dives into Bitcoin fundamentals, trading strategies, and market mechanics.
Most yield farming returns are illusions. The advertised number hides fees, inflation, and impermanent loss that quietly eat your gains. Here's the math that actually matters—and the three questions that separate real yield from Ponzi arithmetic.
Three months into a 12% yield farm on a stablecoin pair, a trader I know discovered he'd lost 8% to impermanent loss and another 3% to gas fees during volatile weeks. His "safe" play returned negative when he thought he was collecting risk-free income. Here's the math nobody runs before they deposit.