#bedrock Today I'm thinking about the real goal of high staking APYs isn't just to reward early adopters... but rather to test their patience 🤔 How we react to APY fluctuations and how quickly we're ready to pull our assets at the first sign of yield changes — these two decisions are probably more crucial for the protocol's stability than the actual %% returns. Honestly, the hype around those initial sky-high yield figures @Bedrock initially raised some red flags. If everyone is praising the generous pools now, but the team is simultaneously building complex lock-up mechanics and gradual unlocks, is this the perfect tool for profit or a hidden stress test for greed? Again, even if you call it a stress test, that's not the whole truth, because there's a game with capital expectations happening here. $BR are making dynamic interest rate changes a retention element, which is usually seen in traditional macroeconomics, but less so in the chaotic Web3 at launch.
In the end, the question is very simple,
Is this a genuine attempt to create a new standard for profitable DeFi infrastructure, or a clever way to lure and keep community capital under a pretty facade in advance???!
Time will tell.