Crypto and Defi Explained
Crypto and Defi Explained
Everyone everywhere is trying to get active yield from their passive assets. It’s one of the most beautiful things about Defi. The first platforms to offer this were straight lending platforms like Compound. They established the pattern of overcollateralization, liquidation mechanisms, and variable rates based on pool utilization. However, who was borrowing, what were they …
I have been a long time skeptic of game item NFT’s. This is coming from someone that has spent thousands of hours across almost every genre of game. I’ve heard arguments that sovereign ownership of items is going to revolutionize the industry but if a game client just decides to ignore a given NFT the …
It’s been roughly 3 months since I posted this. It’s been a turbulent 3 months. So, how are we doing on my 100B prediction from 2019? USDC: 144% 4.1B -> 10.8B -> 26.4B USDT: 49%% 21.2B -> 41.8B -> 62.5B DAI 73% 1.2B -> 3B -> 5.2B Certainly, the downturn has slowed adoption but we …
I wanted to provide a bit of a homework study guide to direct your efforts if you are keen to learn something. Here are the must know questions you should research the answers to if you plan to control your own address: 1) What is a public key and a private key? How do you …
This is going to be a rant about revenue. When I write about PE (price/earnings), all the work goes into calculating revenue. I’d like to discuss some of the choice points I have made deciding what counts as revenue in my PE calculations using examples from the ecosystem. Does all protocol revenue count or only …
Today I’m going to dive deep into Element, the leading rate speculation platform and then compare it to its peers. Data from July 2nd. There is no token for this one (yet) but rate speculation platforms are a new Defi primitive that you might want to be aware of. The basic idea is to split …
Today I’m going to review some of the mechanics behind how Alchemix works and why this is one of the most bullish Defi projects for the entire Ethereum ecosystem. If you own ETH, this post should make you happy. So most people are familiar with the concept that Alchemix gives you a loan that you …
Follow up on the Ol’ Double Logris Alchemix play with some fresh alpha. So, I have talked to tokentax… so when you originate the loan, that is not taxable because it’s a loan. But the debt repayments would be taxable as income… Now, when this gets taxed nobody really knows. Is it when you withdraw …
Thought exercise for anyone aping into random coins. If you can answer these questions well you can trade without emotion and I expect you’ll do better than most at the end of this cycle. Think long and hard about these questions and come up with an answer that resonates with you and that you can …