Top Results1298 results
Narrative > Revenue: REValuating Crypto Assets
Some think REV it’s the ultimate metric to value chains & price assets, others think it’s just another...It will be based on pure narrative play, just like today, just like the majority of assets....In crypto, assets with ~similar revenue can trade at 5x, 50x, or ~0x. There’s no consistency.
8 Min
DeFi
Jun 2025
USD.AI: Financing the Future of AI Infra
Through its synthetic dollar, USDai, USD.AI offers a better way to scale AI hardware and DePIN mining...operations by transforming illiquid assets into liquid, productive capital....USDai Deep Dive USDai is a synthetic dollar backed by loans against AI hardware, compute, and DePIN assets...
14 Min
Infrastructure
May 2025
The Future of Order-Book Liquidity (Part II - deUSD)
In this article we introduce deUSD, Elixir’s synthetic dollar, which serves as preferred collateral within...The second means of getting exposure to Elixir’s market making functionalities is through deUSD, a synthetic...This means that while the perp positions will exist on-exchange, the collateral assets won’t.
12 Min
Orderbook
May 2025
Plasma: Stablecoin Infrastructure & The Trillion Dollar Opportunity
Treasury bills) These assets yield interest....Axis is a native yield hub for hard assets on Plasma....They introduce xyUSD, a yield-bearing synthetic asset backed by regulated hedge fund strategies, connecting...Ethena, known for its synthetic dollar, gives the network access to yield-bearing and synthetic assets...
28 Min
Infrastructure
Jun 2025
The Year Ahead for AI + DePIN 2025
@RaminNasibov Another strategy that’s being pursued is synthetic data....Claude 3 was trained on synthetic data (“data we generate internally”)....We want are synthetic intelligences to be “real” synthetic intelligences!!...This organic growth in grid-edge assets provides ready-made markets for DePIN solutions.
122 Min
Artificial Intelligence
Dec 2024
Beyond the $HYPE: An Objective Analysis of Hyperliquid
...token launches: While CEXs have lengthy approval processes, DEXs are able to support spot and perps assets...Unlike spot markets, the addressable market for perps listings is not tethered to native assets on a...single chain given their synthetic nature....Understanding the fundamental differences between perps and spot assets is essential to grasping this...
17 Min
DeFi
Feb 2025
SYNTHETIC-1 & DeepScaleR: Eroding the Closed-Source AI Moat
Meanwhile, SYNTHETIC-1, created by Prime Intellect, introduces an open-source, verifiable synthetic dataset...SYNTHETIC-1 addresses this by introducing a decentralized synthetic dataset designed for verifiable AI...SYNTHETIC-1 shifts this paradigm by introducing verifiable synthetic reasoning data, allowing AI models...
8 Min
Infrastructure
Feb 2025
David Choi & Conor Moore: USD.AI - Financing the Future of AI Infra
Join Jordan Yeakley as he hosts David Choi and Conor Moore from USD.AI to discuss their innovative synthetic...dollar backed by AI and DeepEnd hardware assets.
1 Min
AI
May 2025
Policy Formulation Survival Guide for Security Status
Policy Formulation Survival Guide for Security Status Focus: Regulatory posture toward crypto assets,...plays (and I guess we are running it back again every cycle), liquidity is not a cure for offering junk assets...Regulatory posture toward crypto assets, SEC jurisdiction, token taxonomy, and proposed reform paths.
9 Min
Policy
Apr 2025
The Battle of the AI Agent Frameworks
...pre-training superclusters) GPUs going horizontal (multi-data center training / distributed training) RL, Synthetic...After just over two years, synthetic intelligence is on track to surpass human level intelligence....This is rapidly underway at many leading firms: Synthetic intelligence, likely packaged by web2 frameworks...
50 Min
Artificial Intelligence
Feb 2025
Resolv: Understanding DeFi's Newest Synthetic Dollar
This framework is especially useful when conceptualizing DeFi’s latest “synthetic dollar” — Resolv’s...Consequently, synthetic dollar issuers are playing around with creative mechanisms that better compensate...slippage when (1) initially opening short perp positions and (2) buying and selling the spot collateral assets...
8 Min
DeFi
Jan 2025
Liquity v2: Evolving Onchain Leverage
...borrowing offered a unique value proposition Downfall: Immutability limited flexibility (collateral assets...Scalable Decentralized Downfall: No advantage for users Disastrous GTM Synthetix Synthetix is a synthetic...collateral in the form of its governance token, SNX, to mint sUSD. sUSD could be used to trade for other synthetic...
20 Min
Debt-Backed (CDP) Stablecoins
Nov 2024
The Rise of Ethena: Unpacking The Emerging Synthetic Dollar
...success lies Ethena’s fundamentally different approach behind what the market has conceptualized as a “synthetic...Simultaneously, structuring USDe as a “synthetic dollar” has allowed Ethena to take full advantage of...and RWA-backed stablecoins (as we will discuss later), the market has been quick to label USDe as a “synthetic...
40 Min
DeFi
Apr 2024
Market Musings - Knock, Knock, Knockin’ on ATH’s Door
In this note, we highlighted the just how constructive the macro environment was becoming for risk assets...Over the last two weeks, we’ve had a barrage of macro developments that promise to shake up risk assets...We will also explore Elixir’s synthetic dollar asset, highlight the role that it will play within its...
14 Min
Macro & Markets
Oct 2024
Delphi Daily - 7th May 2025
With traditional exits constrained and over $13.4 trillion in PE assets under management, major institutions...and Hamilton Lane are implementing blockchain-based solutions to fractionalize ownership of illiquid assets...in the US, giving the CFTC oversight of decentralized crypto assets while the SEC would regulate centralized...
4 Min
Other
May 2025
DeAI IV: The Agentic Economy
A bet that storming the Bastilles of synthetic intelligence and trusting our future to broader swaths...In fact, Sequoia now puts workflows above unique data assets as a primary source of competitive long...age of zero cost marginal intelligence, data is now recognized as one of a company’s most valuable assets...
63 Min
Artificial Intelligence
Oct 2024
April Showers… May Flowers? - Macro & Markets May 2025
Volatility spiked, financial conditions tightened, and risk appetite dried up — sending risk assets and...of the biggest headwinds for markets entering the year was nearly everyone seemed to be bullish risk assets...Too Bearish” — and how quickly consensus had turned to overtly bearish on global growth, risk, and US assets...
25 Min
Macro & Markets
Jun 2025
The Future of Onchain: The Age of Tokenization & The Token Identity Crisis
Kraken has recently announced that it plans to enable the tradability of real-world assets on Ink....This is similar to the legal on-chain trading of assets that we currently see with Securitize....: Licensed institutions hold the underlying collateral to ensure the wrapped assets are fully backed...
20 Min
Other
May 2025
Humanity Protocol: The Identity Solution Going after Meta
As AI continues to accelerate and synthetic content becomes indistinguishable from human creation, the...Unlike speculative assets waiting for future use, $H is embedded into core protocol flows.
31 Min
AI
Jun 2025
ZKsync & The Elastic Network Endgame
...stems from challenges in traditional financial markets – particularly the illiquidity of real world assets...This interoperability enables the transfer of assets directly between ZK Chains, without having to rely...This enables leading asset managers to securely and compliantly tokenize assets, unlocking access to...
39 Min
Infrastructure
Jan 2025