Winning positional tokens are redeemable for one dollar, while losing positional tokens expire worthless...These positions are expressed via UP or DOWN positional tokens....On a vanilla CFMM like Uniswap v2, liquidity provision is a positive delta position and should be viewed...

📊 ETH Borrow Rate On Aave Rises As Users Position For The Merge On August 14, the variable interest...This increase is likely the result of users positioning themselves to profit off a potential hard fork...Market Price < Redemption Price In this situation, the redemption rate is positive.

We should note that capital inflows to BTC investment products, while still positive, have slowed in...

Other Protocols… First off, positive slippage is the difference between an asset’s quoted price and the...Positive slippage is just one way the quoted price can deviate....However, one could potentially argue that extracting some rent (positive slippage) that has a marginal...positive and negative, that help bootstrap Defi protocols.

Market Update This week started off with positive price action across crypto....Typically, this means the options market isn’t too positive in the near term....However, Nov. and Dec. 2021 skews look positive with higher implied volatility for strike prices above...Market Update This week started off with positive price action across crypto.

Since my last alpha feed post, Pengu has basically dumped and revived in the span of a few months. This post provides an update on Pengu changes and examines what might be driving the recent volatilit...

Not just for yield, but for points, governance power, and exposure to the protocols best positioned to...Could be wise to position early across both platforms as DeFi on Hyperliquid is still in its early days...

An initial glance at these charts tells us that halvenings positively affect Bitcoin’s price....There is no guarantee that the upcoming halvening will have a positive effect....Bitcoin and gold are positively correlated at around .64....However, Bitcoin may become more positively correlated to gold and commodities.

News Aurigami integrates Minimax Finance in their protocol, allowing users to better manage their positions...Our Position: Llama is a solid organization that specializes in providing services to DAOs....Discord News Aurigami integrates Minimax Finance in their protocol, allowing users to better manage their positions...

These contracts enable traders to speculate on or hedge their positions without having to purchase the...This frictionless process opens up new opportunities for retail and smaller traders to take positions...For instance, perp traders can take a position in an Azuki NFT using ETH as collateral and settle in...

But there were positives as well, like the introduction of Taro....Miners Forced to Offload BTC Given the price of BTC and miners’ distressed financial position, it should...Each of these could kick off a renaissance in Bitcoin and act as a positive catalyst for price movement...

Yield Guild Games continues to position itself as a major stakeholder in the ever expanding play-to-earn...By positioning itself as the index of SubDAOs, YGG will broadly become an effective index of the play-to-earn...tokens in the hands of the players themselves will better align incentives and ultimately be a net positive...

Moreover, as the ultimate front-end, I believe no one is better positioned to monetize this value than...This would imply the wallet layer is best positioned to become the canonical front-end for AI agents....Once again, by meeting users where they are (i.e., at the account layer), wallets are well-positioned...

...a significant amount of trading volume away from OpenSea and disrupting its previously unchallenged position...Here, loans have no predetermined end date and borrowers can maintain their positions indefinitely with...The market has positively reacted to this product, as within the span of a month, Blend has managed to...

In other words, edge can be thought of as a trading process with positive expected value....What happens if there is a positive market shock, moving fair value higher than expected?...As we assume more risk, we require less edge for positive expected returns....Even though we put on a trade with positive expected returns, we ended up still losing money.

Blended Yield Dilution The model enabled by the ability to reuse supplied deposits to open new borrow positions...So while capital is used efficiently, neither side captures the full potential of their position—yield...Various events in the past where the solvency of borrow positions has been questioned, like CRV,  highlight...

Given their intermediary position between L1 and L2, sequencers are well-positioned to profit....$308M in stablecoins, and the rest in other tokens like APEX, FTT, XSUSHI, and a BIT liquidity pool position...Additionally, they are favorably positioned to establish mntETH as the base trading pair on its platform...

Checking in on ZKsync Era Over the course of Q1 2025, ZKsync Era has solidified its position as the dominant...Representing over 27% of the total RWA market share, ZKsync Era is now positioned at the top among all...January 2025, Tradable tokenized $1.7B of assets across almost 30 institutional-grade private credit positions...

...secular market views, before highlighting important trends and crypto protocols that we believe are positioned...

BTC Futures Basis Turns Positive Again After a brief tango with backwardation, 1 month BTC futures are...once again trading with positive annualized basis after testing long-term support levels on Tuesday....India has moved away from its position of banning the cryptocurrencies and is likely to classify #Bitcoin...