DeFi Yield Management: Concepts and Practices for Portfolio Managers

DeFi yields look attractive but what truly makes them sustainable?
This book presents the frameworks and perspectives portfolio managers can use to separate signal from noise.

Decentralized finance has redefined how yield is created, from lending markets and liquidity pools to staking derivatives and fixed-rate tokens. Behind the numbers lie mechanisms and risks that demand rigorous analysis. This book provides the tools to evaluate DeFi yields, understand risk dynamics, and build resilient portfolios in an evolving ecosystem.
Inside, you will find:

• Clear explanations of DeFi yield sources, from lending to liquidity provision.

• Risk frameworks tailored to decentralized markets, including smart contract, governance, and cross-chain risks.

• Applications of duration, convexity, and yield curves to DeFi instruments.

• Practical insights on portfolio construction, leverage strategies, and performance measurement.

Written by a portfolio manager specialized in DeFi strategies, DeFi Yield Management combines real-world experience with analytical depth. Whether you are an institutional investor, a researcher, or a curious practitioner, this book offers a structured way to move beyond nominal returns and assess what truly drives sustainable yield in decentralized finance.