The Smallest Market Everyone Knows About

SEP 15, 2020 • 1 Min Read

Kevin Kelly, CFA

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Last month, our own Kevin Kelly was asked to write a contributor piece for Global Macro Investor, Raoul Pal’s flagship research service. For those who aren’t familiar, Raoul’s monthly GMI report is read by many of the world’s largest and most successful hedge funds, pension funds, sovereign wealth funds & family offices and he is widely considered one of today’s most instrumental thinkers in the world of global macro. He is also the CEO & Co-Founder of Real Vision.

GMI maintains a very restricted paid membership but we’re excited to give all Delphi subscribers exclusive access to Kevin’s contributor piece. The report is packed with charts and interesting perspective on the current state of DeFi, written with an institutional audience in mind.

Note: this piece was published roughly two weeks ago so a lot has certainly changed, but many of the broader trends have only intensified since.

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