Talos strangely feels familiar in its mechanics that I can't put a handle on. Some quick thoughts
1) Why use Talos to expose yourself to onchain yield when you can do it directly? You expose 100% to the yield and the yield isn't shared with others. If you know the underlying pools and are willing to take risks yourself, then just bypass it?
2) Furthermore, if Talos aims to be "risk adjusted", then you are really paying for this risk management. Then again, do you really want to be exposed to earn less due to this risk management? Think about what you want to be exposed to
3) Yield passes on to T, then T exists to be dumped. This is because you can only realize the yield of T by selling it. There's friction between gaining yield -> Buyback T -> Sell T -> Profit.
The buy and stake is ponzi to slow the rate of selling? But this tension between a slow seller and fast seller means that selling asap lowers your exposure to this friction (front run others) aka you earn more by jeeting.
ah... It's bear.
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