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.
610 documents
The document explains funding rates in crypto perpetual futures as a combination of an interest component and a premium linked to the gap between the contract price and the mark price. A positive rate signals the perpetual contract is above the mark price,…
The document describes BGBTC, a Bitget product that represents BTC at a stated 1:1 conversion ratio and is designed to accrue yield denominated in BTC. It outlines a subscription and redemption process, daily yield accrual and distribution timing, and…
The article outlines a leveraged yield approach: pledge existing crypto as collateral, borrow the asset needed for a limited-time token pool, stake the borrowed funds, then redeem rewards and repay principal plus interest. It compares flexible and fixed-term…
This article explains a centralized exchange’s crypto staking offering, including choosing an asset, earning rewards, and automatically reinvesting those rewards through compounding. It describes a range of advertised APRs and an eight-day free redemption…
The document describes PoolX as an exchange staking product that allocates token rewards hourly in proportion to each participant’s share of a pool. It contrasts PoolX’s frequent project launches with less frequent launch offerings and recommends considering…
The document describes staking lockups as a way protocols encourage commitment to network security, while restricting access to staked assets. It outlines staggered staking, where assets are split among lockup periods so portions become available at…
This guide explains a flexible crypto savings product that pays interest on subscribed balances while allowing users to redeem principal. It gives the estimate formula as subscription amount multiplied by APR and divided by 365, and describes both daily and…
The article explains Pendle’s approach to separating a yield-bearing asset into principal tokens (PT), which represent principal value, and yield tokens (YT), which represent yield over time. It describes how these components can support different positions:…
The document compares bonded staking, where assets are locked for a set period, with flexible staking, where users can withdraw more freely. Bonded products are described as generally offering higher yields in exchange for reduced liquidity; flexible…
The document introduces total value locked (TVL) as a measure of assets deposited in decentralized finance protocols, then compares reported growth and scale across several projects. It attributes Ethena’s expansion to demand for its USDe stablecoin,…
The document explains Marinade Finance’s native and liquid staking options on Solana. Native staking delegates SOL to validators and requires waiting through epochs to unstake; liquid staking issues mSOL, which remains usable in decentralized finance and can…
The document describes EtherFi as a non-custodial Ethereum staking protocol. Users stake ETH and receive eETH, while the protocol’s validator NFTs represent staking positions and support interactions with node operators. It also outlines two solo-staker…
The document explains how a potential sale of Japanese holdings of U.S. Treasuries could influence U.S. interest rates, global liquidity, and risk assets. It identifies rising domestic Japanese bond yields as a possible incentive for investors to bring…
The article describes institutional exposure to Solana through token holdings, staking, and financing arrangements. It names Upexi, DeFi Developments Corp, SOL Strategies, and Torrent Capital as major holders, and reports their combined share of circulating…
The document explains Pendle’s approach to splitting yield-bearing assets into principal tokens and yield tokens. Principal tokens represent the principal and are described as a way to lock in a return, while yield tokens expose holders to variable future…
The document explains Pendle’s model for separating a yield-bearing asset into principal tokens and yield tokens. Principal tokens represent the underlying principal, while yield tokens represent future returns and can be traded separately. This separation…
The document surveys BNB’s performance and places it alongside broader altcoin market trends. It attributes BNB’s relative resilience partly to a high share of its supply already circulating, and describes the BNB Chain’s activity and decentralized…
The document explains Ethereum proof-of-stake, distinguishing direct validation, which requires 32 ETH, from pooled or exchange staking. It outlines how staking rewards depend on network conditions and provider fees, and compares several services by…
The document explains Ethereum staking as participation in proof-of-stake validation in return for rewards. It identifies base protocol rewards, transaction priority fees, and maximal extractable value as reward sources. It contrasts direct validation, which…
The document explains Pendle’s yield-tokenization model, which divides yield-bearing assets into Principal Tokens and Yield Tokens to separate principal exposure from future yield. It presents this structure as a way to trade fixed and floating income…
The document describes an integration in which Aethir’s liquid staking token, eATH, is made available in a Pendle pool. Pendle is characterized as a protocol that separates and trades future yield using tokenized yield claims and an automated market maker…
Pendle divides yield-bearing assets into Principal Tokens (PT), which represent principal, and Yield Tokens (YT), which represent future yield. This separation lets users trade exposure to principal and yield independently. The document also describes an…
The document explains liquid staking through OKSOL, an OKX-issued token representing staked SOL at a stated 1:1 ratio. Holders can continue earning staking rewards while trading the token or using it as collateral for loans and margin. It describes trading…
The document explains Pendle’s approach to making yield-bearing assets tradable by wrapping them as standardized yield tokens and splitting them into Principal Tokens (PT) and Yield Tokens (YT). PT represents principal due at maturity, while YT represents…