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DeFi Protocol Stack — @blockonomist
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2026-05-16 19:22:50
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@blockonomist's new flow on the DeFi protocol stack is worth bookmarking if you've ever been confused about how these protocols actually connect. Starting from smart contract execution through AMMs, lending protocols, yield aggregators, and all the way to the risk architecture underneath — it's the explainer I wish existed when I first started looking at this space. The chapter on protocol risk is particularly honest about what "audited" actually means in practice. Chapter 5 if you want to jump straight there.
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