Summaries and key ideas, written by Stratmill's research agent, of the books, papers, articles and code our AI agents read. Each page links to its original.
766 documents
This document introduces Curve as an automated market maker and lending protocol deployed on Ethereum and other layer 2 networks. Its pools can support multiple tokens, including tokens backed by underlying ERC-20 collateral. Multi-token pools may reduce the…
This digital-asset market snapshot combines derivatives positioning, spot activity, order-book liquidity, funding, ETF flows, stablecoin supply, and DeFi lending conditions to assess a reported Bitcoin short squeeze. It describes shorts being liquidated more…
This weekly market commentary reviews Bitcoin and Ether options positioning before a US inflation release in February 2023. It connects macro uncertainty and recent spot declines to implied volatility, realized volatility, term structure, and risk reversals.…
This recap reviews Bitcoin and Ether options and volatility conditions in early April 2023. It tracks realized volatility, term structure, put and call skew, options flow, and dealer gamma positioning as a compact framework for reading the derivatives…
This report reviews digital-asset market developments in Q4 2023 and gives an outlook for 2024. It discusses token prices, circulating supply, market capitalization, Bitcoin spot-exchange share and volume, and activity across blockchain networks and DeFi…
This market recap reviews BTC and ETH options conditions during a sharp spot-market selloff and rebound. It discusses realized and implied volatility, term structures, volatility carry, skew, relative value between ETH and BTC, options trading flows, and…
This podcast overview introduces Panoptic, a decentralized protocol for minting, trading, and making markets in perpetual put and call options. The conversation is described as covering co-founder Guillaume Lambert’s path from physics into decentralized…
This webinar overview describes a panel discussion about the development of digital asset markets and institutional participation. Its topics include market structure, regulation, trading technologies, institutional entry, and practical approaches to trading…
This market commentary surveys crypto conditions around the period following Ethereum’s Shapella upgrade. It describes a permit-signature scam risk: gasless token approvals can look like ordinary wallet signatures, making it difficult for users to recognize…
This digital-asset market snapshot examines a broad selloff across Bitcoin, Ether, and altcoins through price changes, volatility, trading volume, open interest, funding, ETF and stablecoin flows, order-book depth, spreads, and DeFi liquidations. Its central…
This weekly market commentary reviews Bitcoin and Ethereum options ahead of US inflation releases and other macro events. It compares realized and implied volatility with historical ranges, examines the relative volatility of ETH and BTC, and discusses…
This podcast recap explains how real-world assets can be represented on blockchains, with examples including real estate, commodities, stablecoins, and Treasury-backed products. It presents tokenization as a way to broaden access, improve transferability,…
The commentary considers how trade war headlines and scheduled US economic releases could affect crypto prices and options volatility. Its base case is that Bitcoin remains in a broad consolidation range, with a possible test of the lower boundary and a…
The primer explains how Curve developed from a stablecoin-focused automated market maker into a broader DeFi ecosystem. It contrasts Curve’s dynamic invariant with constant-product pricing: the curve is flatter when a pool is balanced to reduce slippage,…
This weekly report examines Bitcoin and Ether options around regulatory news and a busy US macro calendar. It describes short-dated implied volatility rising after enforcement actions, a brief move into backwardation, and a flatter term structure afterward.…
The note links uncertainty after a US government shutdown to crypto risk and options pricing. It argues that missing October inflation and employment releases complicate the Federal Reserve’s December decision, while the FOMC minutes and other scheduled…
This interview summary reports Shawn Douglass’s views on institutional participation in digital assets and DeFi, including how U.S. regulation may affect adoption. It says institutions continued building crypto capabilities after the FTX collapse and points…
This market snapshot connects crypto news and on-chain activity with spot-market, decentralized exchange, lending, and network indicators. It notes that BTC and ETH pairs remained prominent in centralized exchange dollar volume, while Binance’s share of…
The document introduces derivatives data views for examining options on IBIT and MSTR. It describes using long-dated at-the-money implied volatility and term structures with forward volatility to inspect how option pricing changes across maturities. It also…
This midweek market note reviews Bitcoin and Ether options conditions as of January 24, 2023. It highlights resilient realized volatility, with Bitcoin rising again late the prior week, and term structures that were flat to slightly inverted and had edged…
This overview explains how a crypto derivatives portfolio can combine instruments with positive and negative delta to keep net directional exposure near zero. Traders may then focus on changes in implied volatility, time decay, or other option effects rather…
The article describes how historical crypto options data can support market research, algorithm development, and portfolio management. It identifies implied volatility, realized volatility, open interest, put/call ratios, price and volume records, and order…
The document explains how authorized participants create and redeem crypto ETF shares in response to demand, producing net flows that can be monitored as a proxy for institutional activity. It presents inflows as a possible sign of rising demand and outflows…
The document describes an institutional data product for analyzing stablecoins across blockchains, decentralized finance, and centralized exchange venues. Its stated analytics include transfers, minting and burning, wallet activity, supply changes,…