For years, DeFi has sold us a simple story: higher APY equals better returns. Protocols compete for users by advertising jaw-dropping yield percentages. Liquidity mining programs dangle massive token emissions. Farmers chase the highest numbers, jumping from protocol to protocol.
When vaults become the default interface for onchain capital where users delegate to smart, automated allocators rather than manually hunting for yield. DeFi transforms from a speculative playground into genuine financial infrastructure.