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.
11 documents
The research compares Uniswap v3 market depth with that of major centralized exchanges for ETH pairs and selected stablecoin pairs. It reports that Uniswap v3 had greater reported liquidity for ETH/USD, ETH/BTC, and ETH/mid-cap pairs, as well as for…
The document presents arguments for how the GENIUS Act should be implemented. It says the statute bars stablecoin issuers from directly paying yield or interest to holders but does not impose the same restriction on affiliates. The authors argue that…
Paradigm argues that CFTC rules for listing spot crypto assets on designated contract markets should also protect access to decentralized finance protocols. It describes DeFi trading as peer-to-peer activity in which users retain custody and interact with…
The document explains US securities registration routes for token offerings, including public offering forms and ongoing reporting duties. It argues that registration is not a single filing: issuers must address SEC comments, disclose financial and other…
This document summarizes Paradigm’s amicus brief in the SEC’s case against Bittrex. Its central legal argument is that the SEC’s authority over fundraising transactions involving tokens does not automatically extend to later secondary-market trades in those…
This poll report examines crypto ownership, Bitcoin spot ETF interest, and crypto policy attitudes among 1,000 registered US voters surveyed online from February 28 to March 4, 2024. It reports differences by party, age, race and ethnicity, education, and…
The paper proposes evaluating Bitcoin through the functions and properties of money rather than relying only on conventional asset-class frameworks. It compares gold, fiat currency, and Bitcoin as competing monetary assets, considering scarcity, portability,…
The document introduces the Rainbow Network as a design for an off-chain, non-custodial exchange and payment system. It proposes supporting synthetic versions of assets when counterparties can agree on a price oracle, allowing users to trade, borrow, lend,…
This report describes how underbanked people interviewed by the authors use crypto for peer-to-peer payments, cross-border transfers, receiving client payments, and saving. Participants said they valued perceived control over their assets and described…
This document sets out proposed principles for legislation governing crypto market structure, with an emphasis on preserving DeFi and open innovation. It proposes treating most crypto assets as digital commodities while leaving tokenized securities within…
The paper describes Gradual Dutch Auctions (GDAs), a mechanism for selling assets without relying on existing market makers. A GDA represents a sale as a sequence of virtual Dutch auctions whose prices decline over time. The discrete version suits NFTs or…