Where yield comes from
Every honest return is somebody paying for something. If you cannot name who pays and what for, you are looking at the other kind.
Going further Higher risk by construction, not by accident.
Every honest return is somebody paying for something. These pages say who is paying, what for, and what breaks when the arrangement stops working — staking, lending, liquidity pools, running a node. You will not find rates here and you will not find platforms named as worth using: a yield advertised today is a marketing number, not a number you will receive.
Mechanics, not offers
Every honest return is somebody paying for something. If you cannot name who pays and what for, you are looking at the other kind.
The same word covers three arrangements with three different risks. What you are actually doing depends on who holds the coins.
Two numbers, different maths, and one of them is designed to look bigger. Here is how to compare two offers honestly.
Somebody borrows and pays interest. The mechanism is old and simple; the ways it breaks are specific and worth knowing before you lend.
You collect trading fees, and you pay a cost that only appears when prices move. Both are real, and only one gets advertised.
Two different things share the name. One is infrastructure you run for yourself; the other is a business with staff costs and no employees.
The full map of this subject. Items without a link are being written.
The whole compendium is four groups. You are in the one marked below.