Introduction In the rapidly evolving world of decentralized finance, the stablecoin market has experienced significant growth and diversification. One innovative project that has captured attention is Frax Finance, a stablecoin…
DeFi 101: Stablecoins & CBDCs
Introduction The traditional banking system has shortcomings: lack of ability to self-custody, costly remittances & settlement processes, and narrow financial inclusion. Stablecoins and central bank digital currencies (CBDCs) address these…
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…
Web3 Weekly 1/7: Small-Price Fallacies, Regulation, and Semi-Hidden Alpha
We’re all apes after all… Intuition, as investors, tells us that the nominal price of an asset shouldn’t matter. What should matter are market cap, team, and strategy. In reality,…