The early days of DeFi were the wild era of "Yield Farming," where investors chased dizzying annual percentage yields (APY), often overlooking the impermanent loss, contract risks, and potential malfeasance behind them. Countless "mining collapse" events have proven that unsustainable APY is the enemy of capital efficiency, not its friend.
We are entering a new era, where intelligent capital begins to ask: After adjusting for risk, how much real, sustainable yield can I achieve? This requires a completely new metric—Verifiable Performance Report (VPR).
This is where @APRO Oracle comes into play. The APRO oracle can generate unforgeable VPRs for any vault or strategy. It not only displays the final annualized figures but also transparently shows: Where do the yields come from (trading, lending, mining)? What is the maximum drawdown? Does the strategy truly follow its claimed investment logic?
This shift will reshape the competitive landscape of DeFi. Protocols can no longer attract funds solely with high APY gimmicks; they must build long-term trust through the transparency provided by APRO. $AT, as the network token for obtaining and verifying these critical reports, will become the "trust currency" for measuring the health of DeFi protocols.
As investors shift from "chasing APY" to "evaluating VPR," the entire industry will move towards a healthier, more sustainable development trajectory.
#YieldFarming #DeFi #风险管理 #Web3
