In today’s newsletter, Nassim Alexandre from RockawayX takes us through crypto vaults, what they are, how they work and risk evaluation.
Then Lucas Kozinski, from Renzo Protocol, answers questions about decentralized finance in Ask an Expert.
Understanding vaults: what happens beyond the yield
Capital flowing into crypto vaults surged past $6 billion last year, with projections indicating it could double by the end of 2026.
With that growth, a sharp split has emerged between vaults with robust engineering and controls and vaults that are essentially yield packaging.
A crypto vault is a managed fund structure deployed on-chain. An investor deposits capital, receives a token representing their share, and a curator allocates…
