Alpha’s native token $ALPHA has suffered the worst drawdown among comparable money markets since May,...While most money markets are overcollateralized, Alpha uses leverage which allows it to generate fees...shows that Alpha’s utilization rates for longer tail assets (excluding SNX) is the highest among the money...markets.

Forged in the fires of the bear market, Aave’s community has self-selected for the most knowledgeable...products and integrations such as flash loans, delegated credit lines, and most recently acquiring its e-money...believe that most tokens will eventually incorporate governance functionality and thus Aave may lose market...

Users who have traded crypto derivatives or taken loans from DeFi money markets will be familiar with...A good liquidation mechanism is essential for trustworthy money markets, and should help protocols weather...Maker (B.AMM) – an AMM that optimizes for money market liquidations.

So for example, creating a money market is completely permissionless automatic....Let’s say that we’ve just opened a money market for like Shiba token, right?...Allen (26:27): Yeah, so the interest rate model is the same across all money markets on the protocol....market protocol for shorting any crypto asset.

...features, improvements over legacy lending and the conditions needed for modular lending to take over DeFi money...markets....The Morpho team subsequently decided to tackle the broader limitations of DeFi money markets and built...Euler V1 addressed the critical problem of limited support for non-mainstream tokens in DeFi money markets...

Show Me The Money New types of narratives are emerging in a maturing industry....In crypto, many market participants value coins 1 of 2 ways....Today’s market values revenue....Anyways, manipulating data and creating visualizations is cool and all, but making money is, uh, ice...And Code Interpreter got me thinking: How can I make money off this thing?

Ripping Off The Rate Hike Band-Aid [Excerpt from our Mar. 17 Market Insights] Reading Through the Tea...outpacing inflation, then we could sustain higher prices because people would still wind up with more money...They’re banking on a strong labor market that’s resilient enough to handle this, but only time will tell...But will JPEGs always rule the NFT market?

Market Swaps – This is the money maker....So can our magic internet money really become money? A store of value? Medium of exchange?...It makes sense then to think of their coins as real money then too. ...Where do most users want to spend their money?...Far below the marketing numbers we’re used to seeing.

Most liquid tokens on Uniswap v3 Top 100 DOGE addresses own 70% of supply Crypto’s share of global money...Key Takeaways Crypto’s cumulative market cap now represents over 2% of global M2 money supply — the...broadest definition of money supply....BTC alone represents 1% of global money supply, while other cryptocurrencies make up the difference of...

...yield through U.S. treasury bills + $USUAL incentives, all while remaining highly liquid on secondary markets...USD0++ can be purchased on the secondary market or through bonding their USD0.

Welcome back to Market Musings, our weekly memo covering timely market happenings....market environment....the broad crypto market)....the crypto market....Market prices react when something causes a change in market expectations....The central theme of last week’s Musings was the catalyst driven nature of the current market environment...

Where does that leave markets today?...Outside of the BTC ETFs, we have seen very little ‘new money’ flow into crypto markets, either through...If investors can clip 4-5% on USTs, there’s little incentive to move money on-chain compared to the near-zero...in crypto markets to continue....turned into a tale of two markets.

markets....The money may be allocated to different areas, but it will be allocated....It feels like money is flowing into meme coins almost instantly, with only a few exceptions....Last cycle we had stables grow from $5-$10bn market cap to nearly $200bn market cap at peak.

Market Update With L1 szn taking hold of crypto markets, DeFi coins have fallen out of favor over the...takes a hold of the market....DeFi money markets are as strong as they ever have been....This eliminates the over-collateralization component that is otherwise employed on Maker and other money...markets.

...carte menu for veToken perks, rendering the locking mechanism powerless, while those who do lock lose money...Banking – Settlement, Clearing, Remittances Sending money or making transactions in legacy finance is...Cycles is refocusing the discussion around money to the debt side....To clear the most debt, for the most people, with the least amount of money.

Setting the Stage – Signs of a Market Bottom The crypto market is facing one of its sharpest drawdowns...The truth is no one knows exactly when this market will bottom out....The total market cap of the public crypto market (ex-BTC and ETH) is currently trading right at its 2018...and accomodative market conditions.

First, it was money, then the Internet, and now society itself....The total money in the market stays the same — what one person wins, another person loses....If all the money bet on prediction markets accrued interest, then the total pot of capital would grow...

The last several weeks have been nothing short of crazy in the crypto market....In the meantime, I wanted to put a few key trends on your radar given how quickly markets can change....In last Thursday’s market commentary note, we highlighted just how strong the recent rally in precious...

Foreign buyers (public and private), the Fed, retirement funds, banks, and money market funds are all...Deposits have also fallen by ~$500B since their April peak as assets in money market funds (MMFs) continue...We’ve left the era of “free money” where cash was plentiful and accessible.

As many of us gear up for the holiday season, the market is not looking quite as cheerful....For starters, market sentiment towards crypto is in the gutter....We’ve also pointed out the strong correlation between USD strength and market expectations for faster...We know by now spikes in equity market volatility often have an adverse impact on BTC and the broader...