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…
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…
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,…
Subnets: Avalanche’s Scaling Solution
Avalanche’s success and meteoric growth has been no secret. Early, the team distinguished themselves through the introduction of a new consensus protocol – Snow*. This novel architecture combines the best…
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…
Consequences of Small Price Bias in Crypoasset Markets and their Implications for Token Issuers
Introduction: Asset prices matter To a rational value investor, the prices immediately before and immediately after a 3:1 stock split are immaterial. The fact that the stock now trades at…
Crypto Correlations: Diversification Benefits of Bitcoin and a Quantitative Review of Within-Crypto Correlations
Importance of Asset Correlations Many investors subscribe to Modern portfolio theory (MPT). MPT provides a model for how risk-averse investors can construct portfolios that maximize risk-adjusted returns (Sharpe ratio). It’s…
What Actually Moves the Prices of Cryptocurrencies?
The research below is an excerpt from our Q3 Quarterly Report in partnership with eToro! Read the full report here: The TIE & eToro Q3 Quarterly Report What Actually Moves the…
Does Github Activity Affect Crypto Prices?
Ever wonder if developer activity drives cryptocurrency price? We explored if there are any trade-able insights to be gained from GitHub commits.
When Alt Season? A Lookback on 2020
It’s easy to tell if it’s Summer or Winter – it’s not so easy to tell if it is “Alt Season”. We parsed through our data to see if we could figure out what signals the start of alt season.