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.
27 documents
Paradigm’s amicus brief supports Coinbase’s lawsuit seeking judicial review of the SEC’s refusal to issue crypto-specific rules. It argues that regulating crypto through enforcement actions rather than transparent rulemaking leaves market participants…
The document assesses ways to provide randomness for Ethereum applications such as lotteries and games. It defines desirable properties as unpredictability, resistance to bias, verifiability, and liveness, with low cost as an additional practical goal. It…
The document describes a researcher’s work on applying quantitative finance and mechanism design to crypto markets. It introduces loss-versus-rebalancing (LVR), a measure of the adverse selection experienced by automated market maker liquidity providers when…
The document summarizes an analysis of how widespread stablecoin adoption might affect bank deposits and lending. It compares two scenarios: one in which banks keep their current structure and stablecoins enter alongside them, and another in which banks’…
This analysis measures Ethereum’s history growth, meaning the accumulated blocks and transactions needed to replay the chain, and compares it with state growth. Using high-resolution data categorized by contract activity, it describes shifts from early…
Paradigm reports a poll of U.S. likely voters fielded in February 2026 about prediction market awareness, use, public opinion, and regulation. The survey found reported use for wagering or checking odds, with differences across age, race and ethnicity, and…
The document proposes Martingale shares, called Mortys, as a way to create tradable fractional exposure to a class of NFTs. A vault owner deposits an NFT and sells shares representing part of the claim. At regular intervals, a random settlement process…
The document describes an interactive dashboard and data set for examining on-chain minting and redemption of fiat-backed stablecoins. Its central question is how activity varies by time, issuer, and market conditions, and what those patterns might reveal…
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 article explains why summing every Polymarket OrderFilled event overstates trading volume. Each transaction emits maker-focused events for individual counterparties and a taker-focused event that summarizes the same fills. The exchange contracts route…
This analysis examines how the U.S. Securities and Exchange Commission pursued crypto-related cases across several administrations, with particular attention to the period under Chair Gary Gensler. It argues that the agency increasingly used court cases to…
The paper proposes distribution markets, prediction markets where traders express beliefs over a continuous range of possible outcomes rather than choosing among fixed options. Its example is a forecast of an event’s timing: participants can trade a full…
The article proposes a way to compare blockchain performance by measuring transaction latency and throughput together. Latency should reflect the time to valid confirmation, including the extra depth needed when a transaction can be reorganized. Throughput…
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,…
This survey reports Republican voters’ views on crypto ownership, financial privacy, regulation, and political attitudes. It finds that crypto ownership was more common among younger and non-white Republicans than among the overall Republican sample, and…
The document outlines Reth’s proposed route to higher Ethereum Layer 2 throughput and recommends measuring EVM performance in gas processed per second. It describes a scaling program that combines single-machine improvements with architectures that…
Gradual Ownership Optimization (GOO) is an issuance mechanism for ecosystems where NFTs generate a fungible token. It aims to keep token and NFT ownership aligned by making each NFT’s emission rate depend on the square root of the tokens already held in its…
The document describes Solidus, a collaborative project to build a Solidity-to-EVM compiler in Lean, a language and proof assistant. Its backend translates Yul, Solidity’s intermediate representation, into EVM code, with a proof that compiled programs…
The document explains why measuring a blockchain node with isolated request latency is insufficient: performance under load also depends on throughput, errors, workload size, and the RPC method being called. Different methods can stress different resources,…
This guide explains how researchers can assemble granular data on fiat-backed stablecoin activity directly from Ethereum. It scopes the example to five USD-denominated tokens and focuses on mint, burn, and transfer events. Rather than run a full node, the…
The article explains design choices behind Optimism’s early optimistic rollup system, with emphasis on reusing Ethereum’s developer stack and preserving familiar tooling. Its central execution mechanism is the Optimistic Virtual Machine, which replaces…
This survey maps the political views, identity, media use, risk attitudes, holdings, and consumer habits of U.S. crypto users. It reports a politically diverse respondent group, substantial personal identification with crypto, frequent use of social media…
This poll reports crypto ownership, intended investment, and policy attitudes among registered Democratic voters. Conducted from late July to early August 2024, it surveyed 804 self-identified Democrats and oversampled Black, Hispanic, and Asian American and…
The Constant Rate Issuance Sales Protocol (CRISP) is a pricing mechanism for selling an ongoing supply of NFTs at a target pace. It tracks recent sales with an exponential moving sum (EMS), a recency-weighted measure that can be updated without storing a…