DeFi - Delphi Digital

Interest rate derivatives are perhaps the most underdeveloped and underexplored area in all of crypto. Interest rate projects have struggled mightily to attract liquidity, and seemed forgotten about towards the end of 2022.

Liquid Staking May 17, 2023

Lido's Game Theory

Cryptunez

Liquid Staking

Lido's Game Theory

Cryptunez

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May 17, 2023

Liquid Staking Derivatives (LSDs) enable users to swap ETH in return for a derivative token that represents staked ETH. LSDs let users bypass the frictions of staking ETH: (i) the technical know-how of running a validator, and (ii) the 32 ETH requirement (nearly $60,000 at today’s prices).

Derivatives May 11, 2023

Level Finance's Success and Sustainability

Joo Kian

Derivatives

Level Finance's Success and Sustainability

Joo Kian

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May 11, 2023

Level Finance is an oracle-based margin and spot trading decentralized exchange (DEX) that emerged following the success of GMX. Its growth has been remarkable since launching in 2023, achieving volumes that rival its largest competitor (GMX).

Derivatives May 05, 2023

Analyzing Leverage Ratios and Altcoin Price Movements

Priyansh Patel

Derivatives

Analyzing Leverage Ratios and Altcoin Price Movements

Priyansh Patel

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May 05, 2023

Leverage is a double-edged sword, and is frequently misunderstood in the realm of crypto trading. While it can act as a profit multiplier for disciplined traders, it simultaneously serves as the harbinger of liquidation emails for those who do not respect it.

Cash-Backed (Custodian) Stablecoins Apr 19, 2023

Risk Analysis on Centralized Stablecoins

Joo Kian

Cash-Backed (Custodian) Stablecoins

Risk Analysis on Centralized Stablecoins

Joo Kian

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Apr 19, 2023

As a critical component in the crypto ecosystem, stablecoins play a vital role in providing a safe haven for investors and serving as the asset of choice across exchanges, lending markets, and virtually all of DeFi. Currently, the total value of stablecoins stands at $135B, representing ~10.5% of the entire crypto market capitalization.

AMM Apr 11, 2023

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Apr 11, 2023

Uniswap has a cumulative total of ~$1T volume, often competing with CEXs like Coinbase for volume on major pairs. Uniswap views CEXs as its primary competitor rather than other DEXs. The Uniswap community is sitting on a lever that could enable them to re-direct a portion of the protocol’s fee revenue to governance, otherwise known as the fee switch.

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