Market Confession
#30 I completely misunderstood what vaults were becoming .
For a long time, I treated vaults like savings accounts.
Deposit assets. Earn yield. Move on.
Then I started looking at ERC-4626 more closely and realized something.
The yield wasn't the interesting part.
The interesting part was that the vault was making decisions.
That sounds obvious now, but it changed how I looked at the whole thing.
More and more, it feels like the value is shifting away from simply holding capital and toward the logic directing it.
That's one reason I kept coming back to
@OpenLedger ERC-4626 direction.
If AI eventually participates in financial systems, it won't just need access to capital.
It will need structured ways to decide what happens next.
The risk is that better automation can also make bad decisions scale faster.
So now I find myself paying less attention to the advertised yield and more attention to the rules underneath.
In the future, what will matter more: owning capital or owning the logic that directs it?
@OpenLedger $OPEN #OpenLedger