alright, quick reset. a lot of assets coming onchain sound complicated because we over explain them, when in reality, they’re all just different ways of answering one question who is paying you, and why? that’s it. let’s do three that keep popping up. HELOCs (home equity lines of credit) this one’s simple. someone owns a house, they’ve built up equity over time. Instead of selling the house, they borrow against it. so the bank (or lender) says: “cool, we’ll give you access to that equity. you pay us interest.” the homeowner uses the money & pays interest every month, that interest is real cash. when HELOCs get tokenized, what you’re holding is basically a claim on a slice of those interest payments. so your yield comes from: someone with a job… paying interest… on their house. Simply a human paying a bill. that’s why people like this stuff. it’s boring and boring pays....