Deep dives into Bitcoin fundamentals, trading strategies, and market mechanics.
Every LP is a market maker, and the math is brutal. Here's how AMMs price trades, why impermanent loss is more permanent than advertised, and what concentrated liquidity actually does to your P&L when ETH dumps 4% and funding stays flat.
When Bitcoin's at $62,347 and 64.5% of traders are still crowded long, your best edge might not be another entry — it might be putting your idle capital to work while you wait. A practical guide to DeFi yield: the strategies, the math, the difference between compounding 6% and chasing 600% from a token you'll never be able to sell.
Most yield farmers are doing free work for someone else. They chase 200% APY, get rekt by impermanent loss, burn $400 in gas to earn $120 in yield, and then wonder why their portfolio isn't growing. I'm going to show you the actual math, protocol by protocol, so you can figure out whether yield farming is a legitimate strategy for your capital or just an elaborate way to generate fees for validators and MEV bots.