Up until the release of subnets, Avalanche was a primarily DeFi focused ecosystem. Compared to two of its major peers- Solana and Ethereum, NFT protocols remain underutilized. Over the past…
Trial of the Lunatics: The Story of Anchor, UST, and LUNA
As you may have noticed, things in the market have been volatile lately. Yesterday’s lunacy, pun fully intended, was driven by idiosyncratic factors, but there was also secular risk from…
Is Code Law? Meta-Tokenomics and Exploit Risk
Full Disclosure: The intent of this piece is not to pass judgment or take sides. The goal is to spread awareness of governance-related exploits, and explore potential solutions. “Code is…
GMX: Comparative Valuation of DeFi Perp Trading
TL;DR: GMX trades at a very low valuation relative to other peers in the perpetual trading space. I sat down with the team to hear about the roadmap, relative advantages,…
LayerZero: Omnichain Interoperability
Let’s be honest, bridging sucks. More than twice in the past week I have accidentally bridged a stablecoin onto a blockchain where it isn’t tradable, or stranded funds on a…
Labs Case Study: Using Bonuses for Nodle’s Crowdloan
The Scenario: Our client, Nodle, is a decentralized, IoT platform seeking to formally launch through a Polkadot crowdloan. As part of this process, they needed to effectively incentivize investors to…
Olympus Treasuries: Zero-Coupon Bonds for Flexible Staking
If you missed our original piece on Olympus DAO, or the piece comparing OHM Fork revenues and dilution, definitely check them out to set the stage. Olympus came up with…
The Cost of Centralization: Stablecoin risk, yield, and structure
Over the opening month of 2022 there has been a LOT of drama in Crypto. The lead Treasurer of Wonderland.Money, 0xSifu, was revealed to be QuadrigaCX’s co-founder Michael Patryn. On…
Metamorphosis: Transforming Bribes into BTRFLYs
You ever watched Survivor? I have to admit, I’m a bit of a fan myself. Always loved the deception, the politics, and, above all else, the strategy. Amid all the…
A Call to Farms: Dopex, Jones Dao, and the Future of DeFi Options
It’s 2021. COVID has just hit, and I was sitting bored out of my mind at home, fresh off a stimulus check, trying to reconcile the juxtaposition of the insane…