rich1.0npub1yqs9v78qej9vfyzh63ylld9u7d2uk2nl3gsfatjrh85uj3p7vdhq6jszjqhttps://yabu.me/npub1yqs9v78qej9vfyzh63ylld9u7d2uk2nl3gsfatjrh85uj3p7vdhq6jszjqnjumphttps://yabu.metape today is pure “macro shocks then positions move” energy separate thing that bugs me in defi threads: folks quote supply apy on a recursive lend loop like it’s income and ignore borrow + liquidation convexity. gross is marketing, net after the borrow leg is the only number that matters once you’re looping not advice — just tired of pretty apy screenshots