Introduction In our previous paper on oracles, we dove into the intricacies that make up these networks, both old and new. Among the oracles discussed was Chainlink, the decentralized oracle…
Sudoswap: NFT Concentrated Liquidity
State of NFT Liquidity NFTs are, by nature, non-fungible. This has caused issues around provision of deep liquidity and regular trading markets. Historically, this thin liquidity has been a driven…
De-Risking DeFi: Analyzing Systemic Risk in Decentralized Systems
There is no one-size-fits-all approach to avoiding financial catastrophes. Systemic risk can only be partially handled in an unpredictable society. Economic conditions, technology, and human behavior all vary over time,…
UMA: Modern Incentive Structures
Introduction A blockchain oracle is a third party data-feed that serves as a bridge between blockchains and data that exists off-chain. In our last piece, we talked about what blockchain…
Joepegs: Bringing NFTs to Avalanche
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…
Oracle Networks: A Deep Dive Into Data Bridging Solutions
Table of Contents What is an Oracle? The Oracle Problem Chainlink Chainlink Network Architecture Chainlink Scalability Chainlink Tokenomics Chainlink Staking API3 API3 Network Architecture API3 Tokenomics Band Protocol Band Network…
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…
Sell Walls & Liquidity Ranges: Trading on Implied Volatility
Tokens traded solely on decentralized exchanges are particularly susceptible to volatility in price and volume, as they often have little liquidity spread across vast ranges. By looking at on-chain liquidity…
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…
Sandclock: Innovating Philanthropy Through Crypto Primitives
Introduction Sandclock aims to revolutionize philanthropy by creating systems that incentivize charitable donations. To do this, they must craft yield opportunities that are sustainable, scalable, and accessible to everyone. Up…