When it comes to investing, the most frustrating thing is never that your account turns red, but that you have no idea where your money actually went.

When you buy a fund, they tell you about balanced long-short strategies, strict risk control, and an expected annualized return of 12%. It all sounds impressive. But the real positions? You can’t see them. When the market plunges, all you can do is refresh the net asset value and guess what those suit-and-tie guys are actually doing. This isn’t an isolated issue—it’s the underlying design of traditional finance: the information gap itself is a business.

The wealthy can pay for transparency: hire analysts, subscribe to data, schedule coffee meetings with fund managers. What about ordinary people? All they get are marketing materials and roadshow PPTs. No matter how well the strategy logic is explained, you’ll never be able to verify if the execution actually goes off the rails. So-called trust is terrifyingly fragile in the face of money.

On-chain systems were supposed to change all this. But in reality, even though DeFi has built exchanges, lending, perpetual contracts, and AMMs in recent years, asset management is still a black box. Most strategies are still “I tell you what I’m doing, you just believe it”—just playing the information gap game in a different circle. There’s a lot of talk about transparency, but very little actual implementation.

That’s why Lorenzo caught my eye. It doesn’t help strategists package stories to sell dreams—it translates strategies directly into on-chain, verifiable code and data. Position sizes, P&L, trading logic, risk exposure—it’s all right there, not just a few blurry screenshots in a quarterly report. You’re no longer a passive bystander accepting whatever outcome, but a participant who can see everything in real time.

This is what on-chain should look like.