When I saw the annualized yield of on DEX, I flinched and dropped my cigarette ash on my shoes. 4.7%——is that all?

But I stared at that number for three minutes and finally burst out laughing. My friend asked me what I was laughing at, and I pointed to the yield and said: This is very much like a five-star hotel’s buffet breakfast. It looks like there aren’t many options, but each dish lists the ingredients’ origin and the chef’s name, with quality clearly displayed.

Theo’s business this year, to put it simply, is creating a Michelin-rated cafeteria for institutional funds. The returns seem modest, but transparency and security are crystal clear. This kind of model is quite rare in DeFi—most products either have unrealistically high yields or operate as black boxes, so institutions dare not touch them. is different; it puts rules and data right on the table, so fund providers know exactly what’s going on. 4.7% may not be the highest, but stability and credibility are right there.