There is a brand new DeFi protocol that lets you immediately take out a loan for half your collateral and the protocol will automatically pay back your loan. Financial magic, involving transmuting one coin, into another, while depositing one in a pool, magically you can get a loan and have no risk of liquidations (not … Continue reading $ALCX: Alchemix Cannot Turn Lead to Gold
This is one of my most in-depth analyses yet. You can find the interactive version of this article here: note this may take a minute or two to build, but it allows you to manipulate my code and see how I worked through the assumptions. Otherwise I will do my best to recreate it below: … Continue reading FEI Protocol Analysis
First appearance This time we discuss black swans, USDC, and my recent article about MakerDao. You can find show notes and links to the show here.
I wrote a piece about Dai in which I suggested it was vulnerable to certain black swan events that I felt were not being given appropriate consideration. I do still feel that those are accurate opinions, however, I have also come to appreciate more of the ethos surrounding Dai. Contents: Why Dai?What's Dai?How does Dai … Continue reading Dai and MKR: So Close
This story was inspired by this tweet. https://twitter.com/PsychoOnWallst/status/1289338638518558720 "Bro, you gotta get in on this. I think I have discovered the future of finance." "What is it?" "It's this thing called AuthorityPunks, it's these random digits on computers all around the world that say I own this collection of pixels." "Okay? Can you do anything … Continue reading A Conversation about the Future of Finance
If there is one thing that crypto can regularly provide it is drama. Today, the controversy (or at least one of them) centers around a token called Few. The token seems to have started when Sam Ratnakar decided to invite a small number of influential people from cryptocurrency to work on an "Experiment". Each would … Continue reading $FEW Care About This
There is an obsession passing through crypto over 'yield farming'. I have very little idea what yield farming is. In order to learn what it is I am going to look into a coin that recently launched that I saw people tweeting about called Kimchi. I chose this coin as it came out the same … Continue reading Learning about Kimchi
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