After the Flippening: Auditing the Perp DEX Wars
Onchain perps reached 26% of futures volume, but Hyperliquid's 70% share claim fails basic arithmetic. An audit of architectures and moats.
DeFi about 13 hours ago
Eleven Charters, 83 Days: Crypto Becomes the Bank
Eleven firms sought OCC trust charters in 83 days. What the charter permits, why GENIUS forces it, and what the consolidation costs.
FHE Goes Live: ERC-7984 and the Throughput Ceiling
Zama's FHE layer and ERC-7984, examined across handles, coprocessors, threshold decryption, and real throughput limits.
DeFi 8 days ago
BIP-360 and the Bitcoin Coins That Cannot Move
Bitcoin's post-quantum migration requires signing with vulnerable keys, and the most exposed coins belong to owners who cannot sign.
BTCFi 11 days ago
The Fee Switch Era: Uniswap, Aave, and Buyback Design
Uniswap's fee switch and Aave's automated buybacks turned protocol value capture into a template. A look at what the mechanisms actually take, and from whom.
DeFi 13 days ago
Trackers 트래커 トラッカー 追踪器 Trackers
Recents
View all After the Flippening: Auditing the Perp DEX Wars
Onchain perps reached 26% of futures volume, but Hyperliquid's 70% share claim fails basic arithmetic. An audit of architectures and moats.
DeFi 15 min read
Eleven Charters, 83 Days: Crypto Becomes the Bank
Eleven firms sought OCC trust charters in 83 days. What the charter permits, why GENIUS forces it, and what the consolidation costs.
FHE Goes Live: ERC-7984 and the Throughput Ceiling
Zama's FHE layer and ERC-7984, examined across handles, coprocessors, threshold decryption, and real throughput limits.
DeFi 15 min read
BIP-360 and the Bitcoin Coins That Cannot Move
Bitcoin's post-quantum migration requires signing with vulnerable keys, and the most exposed coins belong to owners who cannot sign.
BTCFi 18 min read
The Fee Switch Era: Uniswap, Aave, and Buyback Design
Uniswap's fee switch and Aave's automated buybacks turned protocol value capture into a template. A look at what the mechanisms actually take, and from whom.
DeFi 17 min read
Who Decides the Truth in Prediction Markets
Polymarket added a proposer whitelist to its UMA oracle under UMIP-189. A taxonomy of resolution failure modes and which oracle designs survive each.
DeFi 16 min read