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.
5,922 documents
The document explains how Uniswap v3’s range-based liquidity positions can be arranged to approximate the liquidity behavior of other two-asset automated market makers. It represents an AMM’s local liquidity across logarithmic price ticks as a curve, calling…
This document presents findings from a survey of 300 traditional finance professionals across institutions, roles, and regions. The authors report broad dissatisfaction with existing financial infrastructure, which they describe as labor-intensive and…
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 document summarizes Paradigm’s comments on joint SEC and CFTC requests about swap reporting and the definition of swaps and security-based swaps. It argues that reporting rules should focus on regulatory outcomes and allow credible public blockchain data…
This essay describes the evolution of crypto markets from early retail-focused exchanges to an institutionally accessible system with larger derivatives markets, narrower OTC spreads, lending, stablecoin trading pairs, and specialized custody and execution…
The essay presents crypto as an emerging ecosystem whose speculation can attract capital, talent, attention, and infrastructure. It argues that trading scarce digital assets is an early expression of new property rights and that speculative participants can…
The document introduces Foundry as a toolkit for Ethereum application development, with an emphasis on testing Solidity contracts. It describes writing tests in Solidity, using randomized inputs to fuzz functions, and shrinking failures to small…
The article argues that miners are economically better off accepting EIP-1559 than trying to block it or split away from Ethereum. It outlines miner revenue from block subsidies, transaction fees, and miner-extractable value, and explains that mining…
This legal advocacy article examines whether developers of autonomous, noncustodial crypto software can be prosecuted as money transmitters when users employ the software for unlawful transactions. It distinguishes publishing code from operating an…
The document explains how optimistic rollups aim to increase Ethereum throughput while retaining Ethereum’s security and avoiding the higher node costs associated with simply enlarging or accelerating blocks. A sequencer executes transactions off-chain and…
The document introduces Ress, a stateless Ethereum execution client built on Reth. Instead of keeping the full account and contract state, a stateless node receives state witnesses from peers, checks them against the prior state commitment, and executes…
The document explains Variable Rate Gradual Dutch Auctions (VRGDAs), a mechanism for selling tokens or NFTs near a chosen issuance schedule while allowing purchases at any time. Prices rise when sales run ahead of the target and fall when sales lag,…
The analysis explains EIP-1559’s proposed fee mechanism and evaluates it against goals that include simpler fee estimation, flexible block capacity, network security, and keeping transaction fees denominated in Ether. Users pay a protocol-set base fee that…
The document explains maximal extractable value (MEV) in Ethereum and describes the post-Merge block production chain. Searchers identify arbitrage, liquidation, and other transaction-ordering opportunities, then submit bundles to competing builders.…
This policy research tutorial outlines risks in fiat-backed stablecoins and explains what public blockchain data can reveal about them. It describes potential deposit shifts into stablecoins, redemption runs, liquidity and operational problems, and the…
The document presents power perpetuals as a common framework for understanding several DeFi instruments. A power perp tracks an index price raised to an exponent, with collateralized positions maintained above a minimum collateral ratio and funding payments…
The document develops pm-AMM, an automated market maker designed for binary prediction market tokens. It models token prices with Gaussian score dynamics: the event price tracks the probability that an underlying random walk finishes above a threshold.…
The article analyzes whether liquidity providers in a cash and risky-asset pool can outperform a static, unrebalanced portfolio when every trade is an arbitrage trade. Its model treats the risky asset as moving randomly and compares long-run compounded…
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…
The document presents Paradigm’s objections to a proposed SEC rule that would expand the definition of an exchange to cover crypto trading platforms, including decentralized exchanges. It argues that the Exchange Act applies to intermediaries operated by an…
The document proposes quantum markets as a way to compare many proposals without requiring traders to supply fresh capital for each one. Participants deposit funds and receive equivalent trading credits across proposal markets tied to one decision. Each…
This article applies an investor’s due diligence approach to choosing a Web3 employer. It argues that candidates can examine publicly available on-chain activity and business indicators, such as active wallets, transactions, growth, revenue, and retention,…
This article explains design choices in the Art Gobblers NFT contracts, which combine a custom utility token, emission multipliers, and a long-running mint. To reduce transaction costs, the developers pack token ownership, user balances, and emission data…
The article separates Ethereum’s scaling pressures into state growth, history growth, and state access, then maps each to node requirements such as storage capacity, memory, network bandwidth, and storage input/output. It examines the composition and growth…