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.
5,701 documents
The document explains how blockchain tokens can represent rights to real-world assets, focusing on carbon credits, corporate bonds, and U.S. equities. It describes potential uses including fractional ownership, lifecycle tracking, automated processes through…
The document links stablecoin adoption with demand for U.S. Treasuries and describes Curve Finance as a venue for stablecoin trading and yield strategies. It notes that Curve’s automated market maker is designed for low slippage in similarly valued assets,…
This article presents USDC as a major dollar-backed stablecoin and describes its stated market position, institutional use, and links to traditional finance. It says reserves are held primarily in short-term US Treasury bills and that monthly third-party…
The document surveys on-chain capital markets, focusing on trading perpetual futures funding rates as an asset, tokenized real-world assets, and interest-bearing stablecoins. It says funding rates can support hedging and basis trading, and describes…
The document uses examples from public housing, crypto market making, sovereign bonds, and corporate governance to argue that contract terms affect financial outcomes and trust. The UK military housing buyback illustrates how a privatization agreement can…
The document argues that fiat currency systems and central bank liquidity measures can contribute to broad asset overvaluation. It links the end of the gold standard, quantitative easing, speculative behavior, and rising debt with the possibility of bubbles…
The article surveys stablecoin structures and market dynamics, contrasting centralized tokens backed by off-chain reserves with decentralized overcollateralized and algorithmic designs. It explains how crypto collateral can require excess backing and face…
The document describes a proposed New York City bond structure that would combine regular interest payments with a share of Bitcoin gains at maturity. It also outlines Mayor Eric Adams’ stated plans to repeal New York’s BitLicense rules and explore…
The article describes Pakistan’s exploration of blockchain-based systems for cross-border remittances, where it says traditional transfers are costly and slow. It cites more than $31 billion in remittances during 2023–24 and fees often above 5%, presenting…
The document introduces OUSG as a blockchain-based representation of a short-term U.S. government debt fund, intended to provide access to Treasury-linked yield and liquidity management. It describes the product as a bridge between traditional finance and…
The document explains how a blockchain network might connect trade finance and other traditional financial activity with tokenized assets. It describes tokenization as representing assets such as government bonds or private credit as digital tokens, with…
The document describes RWUSD as a yield product associated with USDC and backed by real-world assets, including tokenized US Treasury bills. It says rewards begin accruing the day after subscription, are calculated from the lowest balance snapshot of each…
The article explains stablecoins as crypto assets designed to track a reference currency and outlines their use in payments, remittances, and value storage. It highlights potentially faster cross-border settlement and lower transaction costs, then describes…
The article reviews Aptos as a blockchain network for tokenized real-world assets, emphasizing private credit, tokenized U.S. Treasury securities, and institutional alternative funds. It reports over $530 million in RWA total value locked after a 56.28%…
The article explains Pendle Finance’s approach to separating yield-bearing assets into Principal Tokens (PT), which represent principal, and Yield Tokens (YT), which represent future yield. Traders can use the split to take different views on principal and…
The document explains the EU’s proposed digital euro as a central bank digital currency intended to support retail payments and preserve monetary autonomy amid the growth of private, dollar-backed stablecoins. It compares the EU’s stated direction with…
The document introduces Frax’s stablecoin approach, focusing on frxUSD and its connection to tokenized real-world assets. It describes a model combining collateralization with algorithmic mechanisms, and says frxUSD is backed by BlackRock’s BUIDL fund. The…
The document surveys regulatory approaches to stablecoins in the United Kingdom, European Union, and United States. It describes a proposed Bank of England reserve framework for systemic stablecoins, including specified shares of unremunerated central bank…
The article introduces blockchain-based bonds as a possible complement to traditional public finance. It describes municipal bonds as a longstanding way for U.S. local governments to fund infrastructure and notes that changing their tax-exempt treatment…
The document outlines how Avalanche is being used to issue or support tokenized real-world assets, including money market funds, collateralized loan obligations, Treasury bills, private credit, and real estate records. Tokenization is presented as a way to…
The document surveys several developments at the intersection of Ethereum, decentralized finance, and credit. It contrasts conventional overcollateralized lending with a proposed crypto-native model that would use on-chain and off-chain credit data. It also…
The document explains how VERT Capital is using blockchain to issue tokens representing Agribusiness Receivables Certificates, financial instruments tied to agribusiness receivables. It presents tokenization as a way to modernize Brazil’s rural credit market…
The document surveys applications of artificial intelligence in financial services, including fraud detection, cybersecurity, conversational banking, credit assessment, and support for people without access to traditional banking. It also explains…
The article surveys themes it associates with institutional crypto adoption: regulatory compliance, stablecoin settlement, Layer 2 networks, trading infrastructure, tokenized real-world assets, security controls, programmable Bitcoin assets, and…