No Summary provided as the original text is short
- DeFi: Decentralized finance refers to blockchain-based financial services that operate without traditional intermediaries, enabling peer-to-peer transactions and smart contract-driven activities.
- Onchain Asset Manager: A platform or entity that manages digital assets directly on a blockchain, often utilizing smart contracts for asset allocation and yield generation.
- Capital Efficiency: A measure of how effectively deployed capital generates returns, often optimized in DeFi through lending, liquidity provision, or incentives.