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…
Defi 101: Curve Finance
Introduction to Curve Curve was founded by Michael Egorov, a Russian physicist and entrepreneur who had previously co-founded an encryption protocol for big data called NuCypher, in early 2020. While…
Silo Finance: An Isolated Advantage
Introduction Lending protocols in DeFi aim to create decentralized, permissionless loans, which enable capital-efficient strategies for users. Users can lend their money out and earn interest yield. Borrowers can then…
The Hitchhiker’s Guide to Yield
Where is the sustainable yield in DeFi? This question remained unanswered in the back of investor’s minds during the two year bull run, where it was sidelined in favor of…
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…
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…
Holiday Stablecoin Farming: From 20-100+% APY
With the holidays coming up, many of us will have a bit of extra cash on hand. At the same time, with markets de-risking and Bitcoin not looking ready to…