Once funds enter a vault or aggregator, their routing path is invisible without on-chain forensics.
Pillar: Acency
The problem
A user depositing into a yield vault cannot easily see which protocols hold their capital, in what ratios, at what leverage, or under what conditions. Reconstructing this requires active on-chain analysis — not something accessible to most participants.
Aggregators and vaults often route capital dynamically, changing allocations without any user notification.
Why it matters
- Agency: I don’t know what my capital is actually doing.
- Autonomy: I cannot automate risk management if I cannot observe the underlying positions.
- Safety: I cannot react to concentration risk I cannot see.
What exists today
Some protocols publish strategy documentation. DeBank and Zapper give partial position visibility. Neither gives real-time routing transparency.
The gap
No standard for real-time, human-readable capital flow disclosure from aggregators and vaults.
Open questions
- Is this a data standard problem or a UI problem?
- How does this interact with proprietary strategy disclosure concerns?