Frozen in Crossfire: USDC and DeFi's Censorship Vector
A court-ordered freeze of $12.6M in cUSDC inside a Zama contract exposes how stablecoin blacklists propagate through DeFi composability into innocent protocols.
DeFi about 19 hours ago
From Custody to Collateral: Tokenized Treasuries in DeFi
How VBILL, BUIDL, and peers are being wired into Euler, Morpho, and Aave — and what happens when on-chain liquidation outruns real-world settlement.
DeFi 4 days ago
Unbacked and Unguarded: The StablR Multisig Exploit
A forensic post-mortem of the StablR EURR/USDR depeg, the multisig misconfiguration behind 13.5M in unbacked mints, and what it reveals about stablecoin custody.
Tokenizing the Stock Market: Rails and Endgame
A structural look at how equities are being put on-chain — the settlement rails, custodian models, and why tokenized stocks behave differently from tokenized debt.
DeFi 8 days ago
The Everclear Collapse: A Post-Mortem
Everclear processed roughly $500M monthly in cross-chain volume before winding down. We examine why intent-based clearing failed to become a business.
Recents
View all Frozen in Crossfire: USDC and DeFi's Censorship Vector
A court-ordered freeze of $12.6M in cUSDC inside a Zama contract exposes how stablecoin blacklists propagate through DeFi composability into innocent protocols.
DeFi 14 min read
From Custody to Collateral: Tokenized Treasuries in DeFi
How VBILL, BUIDL, and peers are being wired into Euler, Morpho, and Aave — and what happens when on-chain liquidation outruns real-world settlement.
DeFi 17 min read
Unbacked and Unguarded: The StablR Multisig Exploit
A forensic post-mortem of the StablR EURR/USDR depeg, the multisig misconfiguration behind 13.5M in unbacked mints, and what it reveals about stablecoin custody.
Tokenizing the Stock Market: Rails and Endgame
A structural look at how equities are being put on-chain — the settlement rails, custodian models, and why tokenized stocks behave differently from tokenized debt.
DeFi 17 min read
The Everclear Collapse: A Post-Mortem
Everclear processed roughly $500M monthly in cross-chain volume before winding down. We examine why intent-based clearing failed to become a business.
Single Point of Failure: The LayerZero-Kelp Exploit
A post-mortem of the $292M Kelp exploit, the single-verifier configuration behind it, and what "default security" means for omnichain messaging.