Top Results436 results
The Future of Order-Book Liquidity (Part II - deUSD)
The ratio of basis trade to sDAI backing Elixir will ultimately be a function of the current size of...yield 90% -> sDAI / other yielding stables OCF reaches 20% of high water mark: 0% -> long basis...If it drains down to $1.5M, the deUSD backing would be 30% long basis yield, 70% sDAI / other yielding...
12 Min
Orderbook
May 2025
A Proposed SEC Interim Safe Harbor Framework
...harbor provides prospective relief for new distributions of Tokens on a transaction-by-transaction basis...the Initial Development Group intends to meet Qualifying Distribution requirements on a go-forward basis...broadly to the Tokens, provided that the project continues to meet certain conditions on an ongoing basis...
20 Min
Policy
Mar 2025
Market Musings - New Year, More Volatility
The FOMC cut rates by 25 basis points to 4.50%, and signaled fewer cuts in 2025. 3....Bitcoin futures basis fell to negative terrain for the first time since August 2023, while notional OI...manifested within the broad crypto market, with most sectors and assets down horrendously bad on a YTD basis...
13 Min
Macro & Markets
Jan 2025
Plume × Royco Genesis Incentives – Day-1 Yield Markets
...created Royco markets that earn an underlying real-world-asset return—Treasury repo, private credit, basis...Dollar principal, automated rebalancing, no PLUME beta. nBASIS IAM — Basis Trade + PLUME Incentives...
4 Min
DeFi
Jun 2025
A Deep Dive on Galaxy Digital's Flagship AI Mining Center Helios
...miners appear undervalued relative to the traditional data center businesses on an EV / MW capacity basis...year useful life for Nvidia GPUs implies CoreWeave is fundamentally unprofitable on a unit economic basis...We have a good faith basis for all opinions included within this report.
32 Min
Macro & Markets
Jun 2025
Inside the Ecosystem: Fueling Aptos' Global Trading Engine
If these incentives result in more capital being supplied on a net basis, then they are effective....Since there is much lower volatility risk, the aggressive range option is +/- 0.01% (1 basis point) and...If traders win trades, the debt pool rises and impacts stakers on a pro-rata basis.
39 Min
Infrastructure
Jun 2025
Market Musings - April Showers… May Flowers? - Macro & Markets May 2025
On a YTD basis, May marked a clear return to strength after a choppy end to Q1 and beginning of Q2....On a year-over-year basis, USDT supply is up 36.4%, underscoring its durability.
25 Min
Macro & Markets
Jun 2025
Plasma: Stablecoin Infrastructure & The Trillion Dollar Opportunity
We will cover the basis of these architectures, but it’s worth considering that these concepts are still...will likely keep most of their stables on the chain that they are most interacting with on a regular basis...
28 Min
Infrastructure
Jun 2025
Avalanche L1s: Powering the Future of Appchains
Future ACPs may be proposed to support the modification of this threshold on a per-L1 basis. ...
22 Min
Infrastructure
Jun 2025
Hope Metric : Macro Signal Monday (05-12-2025)
...for Monday due to weekend lag), institutional BTC accumulation remains aggressive on a week-over-week basis...
3 Min
Macro & Markets
May 2025
ZKsync & The Elastic Network Endgame
By reconfiguring the ZKsync L1 bridge contract into a shared router contract, the basis for an evolving...
39 Min
Infrastructure
Jan 2025
The Waters of March
The data for this macro series is printed on a weekly basis, but we’ll continue to regularly monitor...
2 Min
Macro & Markets
Mar 2025
Market Musings - Uncertainty Permeates The Market
With gold exhibiting such incredible relatively strength on such a consistent basis, one has to ask if...
13 Min
Macro & Markets
Feb 2025
Pixelmon - Building IP
...a rare value opportunity in a distressed sector that continues to see studios shut down on a weekly basis...
2 Min
Gaming
Apr 2025
Beyond the $HYPE: An Objective Analysis of Hyperliquid
...that it allows users to run more sophisticated trading strategies (e.g. non-stablecoin margin, BTC basis...
17 Min
DeFi
Feb 2025
Delphi Daily - 7th May 2025
His market-neutral strategies included OTC trading, basis trading, and yield farming, with only four...
4 Min
Other
May 2025
A New Framework For Understanding Moats In Crypto Markets
While presently 50% of USDe is unstaked and not earning the basis yield, I expect this number to climb...Additionally, we have already begun to see more entities running the basis trade themselves....HyperLiquid and Aevo have already built out their own basis trade “vaults” natively on their perp DEXs...
36 Min
DeFi
Aug 2024
The Path to DeFi's ETF Moment: The Rise of Morpho, Curators, and Mullets
...acknowledging the benefits of Curation 2.0 — particularly the ability to isolate risk on a per-market basis...
26 Min
DeFi
Apr 2025
zkP2P V2: Consumer-Ready zkTLS in Prod
The APR formula used in the Dune dashboard annualizes earnings on a daily basis, which is not realistic...
4 Min
DeFi
May 2025
MSTR Follow Up: Breaking Down STRK & STRF
With a cost basis now just below the November/election highs, sustained weakness in Bitcoin could quickly...As the cost of capital rises and their average cost basis continues creeping up, the strategy starts...
7 Min
Macro & Markets
Mar 2025