DeFi tranching separates one yield stream into senior and junior risk-return profiles. This article compares product-native and service-based models, covering yield sources, waterfalls, redemption gates, reserve funds, collateral use, and how tranche tokens reshape risk across DeFi ecosystems.

Most DeFi projects barely think about what should give their token real value. Supply mechanics get locked in before the token even hits the market, with emissions and burns following a fixed timeline instead of adapting to market conditions. OlympusDAO, exact opposite of this.

Most DeFi treasuries have no framework to deploy capital or measure performance. TempleDAO built an on-chain treasury that not only grows by generating yield that grows the price floor of its main asset. Here's the full breakdown.