EconPulse Markets. Economy. Malaysia & The World. Thu, 20 Aug 2026
Crypto

Crypto Long & Short: Where DeFi yield really comes from (and why it broke this spring)

Crypto Long & Short: Where DeFi yield really comes from (and why it broke this spring)
Image: CoinDesk

Summary

In this week's Crypto Long & Short, Solstice Finance's David Plisek argues that most of the money lost in DeFi this spring wasn't taken by hackers but by yield strategies that quietly stopped working. Looking at April's $13 billion drawdown, he shows that a headline yield number reveals almost nothing about whether it will hold under stress, laying out four questions an allocator should ask before committing capital.

Source & full coverage: this summary is aggregated from CoinDesk, the original publisher. Read the complete report for full context, data and quotes.

Read the original report at CoinDesk →