Dmitriy Berenzon(@dberenzon):18/ The Yield Fairy It is often healthy to ask: “Where does the yield come from?” Investors should understand where the yield comes from, what risk they’re taking for it, and how sustainable it is across different market conditions. The yield fairy is not real.

Dmitriy Berenzon

@dberenzon

Partner @archetypevc. Prev @1kxnetwork, @Bo11inger, @CoinFund. Alum @CalBlockchain, @BerkeleyHaas.

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Dmitriy Berenzon@dberenzon

2026.06.24 17:27

18/ The Yield Fairy It is often healthy to ask: “Where does the yield come from?” Investors should understand where the yield comes from, what risk they’re taking for it, and how sustainable it is across different market conditions. The yield fairy is not real.