"The yield fairy is not real" should be tattooed on every onchain finance pitch deck.
It's why WisdomTree built a regulated tokenized money market: the source of the return is auditable, named, and structurally legible.
Dmitriy Berenzon@dberenzon
18/ The Yield Fairy It is often healthy to ask: “Where does the yield come from?” Investors should understand where the yield comes from, what risk they’re taking for it, and how sustainable it is across different market conditions. The yield fairy is not real.
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