When looking at tokenization and yield strategies, there is misguided perception that more transparency would provide better security to the users without sacrifising the yield. For the sake of discussion, I’m not really talking about mispriced yields.
More transparency after a certain point only reduces the effective yield. The more people understand something, the more they are willing to allocate to it. If there was absolute transparency, yield would practically be following the risk free rate, until a stress event would occur. An event which would decrease transparency, and visibility of all the risk factors involved - similar to how it happens for the government bonds.