DeFi’s Shift From Yield to Cash Flow
DeFi at a Turning Point Over the past decade, decentralised finance (DeFi) has expanded in distinct, cyclical waves. Each cycle brought technical progress—automated market making, on-chain lending, composability—but also reinforced a recurring limitation. Most DeFi activity remained internally financed and weakly connected to the real economy. As market conditions tightened, these structures proved fragile, leading […]
DeFi’s Shift From Yield to Cash Flow Read More »










