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.
1,747 documents
The document introduces automated trading bots and crypto derivatives, describing bots as software that executes predefined strategies using market data and derivatives as contracts linked to assets such as Bitcoin or Ethereum. It names futures, options, and…
The article examines a late July crypto market decline, describing larger losses among several altcoins and comparatively smaller losses in Bitcoin. It connects the move to leveraged trading and reports that most liquidations were long positions. This…
The article reports strong growth in Hyperliquid’s decentralized perpetual market, citing open interest, trading volumes, market share, and total value locked. It attributes activity to liquidity, fees, and platform capacity, and notes technical indicators…
The document reviews the cryptocurrency derivatives market through claims about projected activity in 2025, Bitcoin’s prominence, institutional participation, and the growth of decentralized derivatives exchanges. It discusses the roles of spot ETFs, options…
The document explains the mismatch between continuously traded Bitcoin spot markets and futures markets with set hours. It describes the CME gap as the price discontinuity that can appear when futures reopen after weekend or holiday moves in spot markets.…
This market commentary examines how a broad crypto selloff affected Bitcoin and Ether spot prices, derivatives funding, and options markets. It describes sharply negative funding as a sign that accumulated long positions were likely liquidated, alongside an…
The document explains how crypto liquidations happen when account equity falls below maintenance margin, prompting exchanges to close leveraged positions. It describes how forced selling can spread through liquidation cascades, worsening price swings and…
The guide surveys OKX futures products and platform functions. It distinguishes dated contracts from perpetuals and compares stablecoin-margined with coin-margined contracts. It also describes isolated, cross, and portfolio margin, order types including OCO,…
The article describes a Trust Wallet integration with Aster DEX that enables perpetual trading from a self-custody wallet. It says the service covers more than 100 markets and offers leverage up to 100x, allowing traders to take positions much larger than…
The document outlines a tokenomics and risk framework for WLFI, a politically branded crypto project linked in the text to the USD1 stablecoin. It describes a planned release of part of the token supply on a specified date, with decisions about the remainder…
The document examines HYPE through Hyperliquid’s exchange activity, token economics, institutional interest, and network design. It describes a mechanism that directs 97% of protocol fee revenue toward HYPE purchases, alongside staking and governance…
The document outlines TradeXYZ, a platform for around-the-clock trading of perpetual contracts tied to US stocks and indices. It describes an on-chain central limit order book enabled by Hyperliquid’s HIP-3 upgrade, with prices referenced to Nasdaq futures…
The article outlines Aster’s USDT-centered decentralized exchange, describing a proprietary Layer 1, non-custodial wallet structure, hidden orders, and MEV-aware routing. It says most of the platform’s more than 96 supported cryptocurrency and tokenized…
The document discusses WLFI’s buyback and burn activity alongside reported whale influence on WLFI and XPL trading. It frames supply reduction as a tokenomics choice that may affect perceived scarcity, while noting that its market impact and effect on…
The document compares Hyperliquid’s focus on perpetual futures and on-chain order-book trading with Uniswap’s automated market maker model for token swaps and liquidity provision. It describes Hyperliquid’s HyperBFT consensus and dual-block architecture as…
This short explanation compares perpetual futures with expiry dated futures, focusing on two structural differences. Expiry futures have a predetermined end date, while a perpetual contract has no scheduled expiry. A perpetual position can therefore remain…
The document describes Hyperliquid’s revenue model and operating approach, emphasizing trading fees from its decentralized perpetual futures exchange and the role of automation in supporting a small contributor team. It reports estimates for annual revenue…
The document introduces crypto perpetual futures as leveraged contracts without a fixed expiry. It explains that funding payments between long and short positions are intended to keep the contract price near spot, and distinguishes those payments from maker…
The document describes a reported crypto sell-off in which more than $1 billion of positions were liquidated over 24 hours, with long positions accounting for most losses. It identifies Bitcoin and Ethereum as the largest contributors and says altcoins also…
This article examines how a sharp rise in Bitcoin and Ethereum can trigger losses for traders holding highly leveraged shorts. It recounts a trader’s reported liquidation and summarizes market-wide liquidation figures, then explains the short squeeze…
The article uses a reported trader loss to illustrate how highly leveraged short positions in Bitcoin and Ethereum can be liquidated during a sharp rally. It describes a broader liquidation episode, with short positions accounting for most reported…
The document explains Ethena’s USDe as a synthetic dollar stablecoin and describes its stated peg mechanism: holding crypto assets such as Bitcoin, Ethereum, and Solana while using short perpetual futures to offset price exposure. It also introduces USDtb…
The article combines a short-term Solana market snapshot with an overview of Plasma’s XPL token and ecosystem. For SOL, it reports a daily price decline alongside higher trading volume and liquidations, then describes bearish readings from MACD and Chaikin…
The document surveys trends in perpetual decentralized exchanges, including reported market growth, competition among platforms, institutional interest, and infrastructure changes. It describes how Layer 1 and Layer 2 systems, privacy tools, permissionless…