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.
79 documents
This conference recap describes several developments in digital asset markets: valuing tokens against underlying revenue and rights, crypto-native venues affecting traditional markets, software agents transacting autonomously, and institutions connecting…
The article outlines ways decentralized finance and smart contracts could alter financial institutions beyond offering new digital asset exposure. It describes decentralized data storage as a possible way to reduce reliance on centralized data centers, and…
The article explains how an Ethereum contract can request off-chain data through Chainlink and use Amberdata as a source for market and blockchain information. It outlines the request lifecycle: fund the deployed contract with LINK, submit a request…
The article explains why investment managers entering digital assets need consolidated data on markets, liquidity, risk, and blockchain activity. Crypto trading is spread across global venues that operate continuously, with each venue using its own changing…
The analysis compares Binance BTC/FDUSD order book behavior around six 2025 Federal Open Market Committee decisions: five rate holds and one cut. It tracks five-minute averages of volatility, bid-ask spread, depth, order book imbalance, and pressure…
The document explains how executed trades and resting orders provide different views of Bitcoin markets. Trade volume shows what has already happened, while order book depth aggregates buy and sell interest at unexecuted price levels. A depth chart gives a…
This guide explains how to run a Python trading strategy backtest with LumiBot, choose a historical data provider, configure dates and sources, and review generated output. It describes ThetaData, Yahoo Finance, Polygon, custom Pandas data, and Polymarket…
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 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 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…
This report reviews 2024 activity in centralized crypto spot and derivatives markets. It describes how exchange and asset trading volumes changed through the year, noting periods of high activity across major venues and tokens. It suggests using volume…
The article explains how crypto market makers support trading by placing bids and asks around prevailing prices, seeking to earn the spread while keeping order books populated. It links two-sided quoting with faster execution, narrower spreads, reduced price…
The article explains how data supports several spot Bitcoin ETF functions: calculating net asset value (NAV) and intraday indicative value, checking reserves, and helping authorized participants trade around price deviations. Because Bitcoin trades…
This research roundup describes several quantitative finance studies. One classifies equity trades by their short-term co-occurrence with other trades and standardizes associated order imbalances into conditional order imbalance measures. These measures…
The report explains how AAVE v2 liquidators repay part of an undercollateralized loan and receive collateral with a protocol bonus. It examines stablecoin debt backed by ETH from 2021 to 2023, relating liquidation activity to ETH price drops and volatility.…
This podcast recap describes Loop Crypto’s approach to recurring cryptocurrency payments. Because ordinary crypto wallets send funds through user-initiated transactions, collecting subscriptions is less convenient than card-based payment collection. Loop’s…
The document analyzes a sharp crypto market selloff through price moves, liquidations, open interest, funding, order book depth, imbalance, and spreads. It describes a two-stage explanation: macro events first pushed prices lower, then leveraged positions…
The report studies temporal changes in order-book depth and imbalance for Binance’s BTC/FDUSD market using minute-level data collected from July 1 to August 12, 2025. It describes an intraday depth peak around 11:00 UTC and a trough around 21:00 UTC,…
The article summarizes research comparing cryptocurrency data providers and argues that raw data gains value from the context and presentation built around it. It distinguishes on-chain and off-chain sources, and describes how providers may differentiate…
This article summary describes research into time-of-day variation in crypto order-book depth and its implications for execution. Using BTC/FDUSD data, the cited study reports that depth fluctuates substantially over the day, with stronger liquidity near the…
This report explains how to design a cryptocurrency arbitrage strategy across centralized exchanges and decentralized exchanges using automated market maker pools. It covers the differences between order-book prices and pool pricing, then identifies costs…
The interview describes Titan’s approach to spot swaps on Solana: gather quotes from on-chain venues and other aggregators, then route trades among those sources with the aim of improving price and limiting slippage. It explains that the system evaluates…
This overview explains how Layer 2 protocols reduce the work handled directly by a blockchain’s base layer. They process transactions off-chain or in batches and anchor settlement information to Layer 1. The proposed benefits are lower congestion, reduced…