Engineering, Research & Updates

$43.8B across 550 markets on 18 chains. Protocol analysis, risk-adjusted yields, strategy intelligence, and forward outlook from Rosetta.

$100 million routed. 72 days. The data is in. Most DeFi users pick a vault and forget it. Here’s why that’s leaving yield on the table.

DeFi markets are marketed as code-governed, but in reality, the real risk engine is human. Curators choose assets, parameters, and leverage paths; smart contracts merely execute those choices.

We break down where yield actually comes from: tracing it from borrowers and explaining how Rosetta’s indexer tracks these flows at every block to make yield transparent, composable, and programmable.

Most users see APY as a static number, a headline yield that simply “exists.” In reality, every vault’s return comes from dozens of moving parts: block-by-block interest accrual, rebalancing across different markets, and more.

There’s a simple pattern behind every on-chain lending market. Once you see it, the jargon falls away and the behavior becomes predictable.

Most lending dashboards only update when transactions fire. That hides the real picture: debt is accruing and rates are shifting every block, even when markets look quiet.