Defi Overview

<!-- autoresearch: variation B, sharper output via regime verdict + Market Take + sustainable-vs-incentive yield split + fees fundamentals + per-mover "why it matters". Consolidated: folds in defi-monitor (tracked-protocol positions/health) and market-context (broad crypto macro + memory/topics/market-context.md refresh) so one run covers positions + macro in a single pass. -->

${var}, Scope selector. Empty → full combined overview (tracked-protocol positions + macro context). positions → positions facet only (all watched positions); positions:<label> → a single tracked position by label. macro → macro facet only. Any other value → treat as a chain or protocol focus (e.g. solana, aave, arbitrum) applied to the macro read; positions are filtered to that chain when applicable.

Read memory/MEMORY.md for context. Read the last 2 days of memory/logs/ to avoid repeating numbers, to diff position values over time, and to cite yesterday's figure when flagging today's change. Read memory/on-chain-watches.yml (tracked positions) and the existing memory/topics/market-context.md (prior macro snapshot), both are inputs below.

Thesis

The original produced a table of numbers. This version produces a read of the market: one verdict line at the top, then only items that changed or matter, each with a one-line reason a reader should care. TVL alone is lagging and emission-subsidized, we pair it with fees/revenue (real fundamentals) and split yields into sustainable (apyBase) vs incentive-driven (apyReward) so readers stop chasing scam-tier APYs. On top of the market read this skill also (a) checks the operator's tracked-protocol positions for health/liquidation/yield-drift risk, and (b) refreshes the decision-ready macro context file that downstream skills (token-pick, narrative-tracker) consume, all in one pass.

Facets & var routing

The skill has two facets. ${var} selects which run and how to scope them: