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 article examines proposed US tax-reporting language that would broaden the definition of a cryptocurrency broker. It compares an initial draft covering services or applications that facilitate digital-asset transfers with revised wording focused on…
The article introduces Ethereum as a blockchain platform for running smart contracts and decentralized applications. It explains Ether and gas, the Ethereum Virtual Machine, and examples of applications in decentralized finance and autonomous organizations.…
The article introduces altcoins as cryptocurrencies other than Bitcoin and describes how they emerged to offer different features, address perceived limitations, or serve particular purposes. It discusses smart contracts and decentralized applications,…
The article introduces blockchain as a distributed ledger for recording transactions across networked computers. It explains how blocks hold records and the previous block’s hash, linking the history so that changes become detectable. Copies of the ledger…
The paper presents an evidence architecture for assessing workflows in hybrid on-chain financial systems. A sealed manifest records system identities, roles, schemas, and release information; seven evidence layers are retained with registered derivations and…
This article outlines data liquidity providers can use when choosing and monitoring decentralized finance pools. It covers asset and liquidity-provider token prices, pool composition and liquidity events, trading volume and transaction size, and analytics…
This overview compares how USDC, USDT, and DAI seek to maintain a dollar peg. It describes fiat reserves and issuer redemption for USDC and USDT, and over-collateralized crypto vaults and liquidation rules for DAI. The TerraUSD collapse illustrates the…
The document explains how decentralized exchanges set prices through pooled token reserves or order books, and describes the growth of Uniswap and its forks. It presents on-chain trade records and OHLCV bars as ways to analyze DEX activity alongside…
This market snapshot discusses conditions around Bitcoin’s fourth block reward halving and Hong Kong’s approval of Bitcoin and Ether exchange traded funds. It connects Bitcoin’s new Runes token activity with higher transaction counts and fees, and contrasts…
This interview-based article discusses how to research open-source crypto protocols, using Ethereum as a central example. Its proposed framework is to identify a protocol’s purpose, examine how development and decisions are organized, map influential…
This podcast article introduces Hashflow’s approach to decentralized trading across blockchains. It describes a request-for-quote model in which traders request prices from market makers, alongside an intent-based routing system intended to find liquidity…
The article explains that decentralized finance yield can come from lending interest, trading fees, or token incentives, and that liquidity pools let users supply token pairs to facilitate swaps in return for a share of fees. It distinguishes APY, which…
These release notes describe trading and infrastructure changes in Hummingbot 2.11. They highlight Condor, a Telegram interface for monitoring bots, viewing portfolio information, placing exchange orders, executing decentralized swaps, and managing…
This article outlines four risk controls for institutions investing in digital assets. Counterparty review includes examining exchanges or decentralized finance protocols, their past behavior in volatile periods, trading volumes, and order-book depth.…
The document outlines how institutions can use on-chain data to assess a blockchain’s operational performance, economic resilience, and security. It groups useful observations into address activity, block capacity and production, token behavior and supply,…
The announcement describes a data service that records real-time and historical blockchain events at wallet, asset, and protocol levels. It presents this granularity as useful for institutional trading research, risk management, compliance, accounting, and…
The article argues that liquidity alone offers an incomplete view of volatile crypto markets. Traders and institutions also need context on how activity connects across blockchains, DeFi protocols, centralized exchanges, and stablecoin flows. Stablecoin…
This podcast recap explains how Pyth Network supplies blockchain applications with financial market prices. Its publisher-driven design obtains first-party data from exchanges, market makers, and trading firms, then aggregates publisher updates for use by…
The article describes real yield as a DeFi liquidity incentive that distributes protocol revenue to token holders or stakers. It contrasts revenue-based payouts with rewards funded by issuing new tokens, which can dilute holders. The model is compared with…
These release notes describe Hummingbot and Gateway version 2.8.0, with the main change being a Gateway architecture refactor for decentralized exchange trading. Connectors are organized around router, automated market maker, and concentrated liquidity…
The document explains liquid restaking as a pooled way to commit ETH or liquid staking tokens to additional services while receiving a liquid restaking token representing the underlying assets and rewards. It outlines the roles of depositors, protocol…
This interview discusses the infrastructure needs of institutions and developers managing digital-asset private keys. The guest describes how programmatic products require support for multiple users, permissions, security controls, and high transaction…
This report reviews major cryptocurrency thefts in 2025, comparing centralized exchange, decentralized finance, and decentralized exchange incidents. It attributes the largest loss to the Bybit attack and describes private key compromise as a recurring…
This market snapshot reviews digital asset activity around Thailand’s approval of its first spot Bitcoin ETF, which is restricted to institutional investors. It describes centralized exchange spot volumes settling after a March surge associated with…