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 article attributes SOL/USDT weakness to a mix of macroeconomic risk aversion, Bitcoin’s decline, negative funding rates, and liquidations. It presents these as market forces that can reinforce selling across altcoins, while noting that the described…
The document describes Hyperliquid as a decentralized perpetual futures exchange built on its own Layer 1 blockchain. It emphasizes a fully on-chain order book, claimed throughput above 200,000 transactions per second, and 0.2-second block times as features…
The article compares decentralized exchange activity across Solana, Ethereum, and BNB Chain, reporting that Solana exceeded Ethereum in 30-day DEX volume while remaining behind BNB Chain. It attributes Solana’s activity to low fees, throughput, and ecosystem…
The document reviews decentralized exchanges, from peer-to-peer trading to automated market makers that use liquidity pools instead of order books. It also describes perpetual DEXs as venues for leveraged exposure through perpetual futures. Institutional…
The document describes a crypto arbitrage approach that pairs a spot purchase with a short position in perpetual futures for the same asset. The matched positions are intended to reduce exposure to broad price moves, while the strategy seeks returns from…
The article outlines Aster’s transition from Astherus to a decentralized perpetuals exchange and introduces AST as the planned replacement for the APX token. It describes two trading modes for different experience levels, planned expansion beyond BNB Chain…
The document surveys the launch of PUMP, a token associated with the Pump.fun social platform, and trading in PUMP-USD futures on Hyperliquid. It describes Hyperliquid’s “hyperps” design, in which funding rates use a moving average of the contract’s own mark…
The document surveys Hyperliquid’s position in on-chain perpetual futures, citing $1.57 trillion in annual trading volume and describing growth in trading activity, order-processing capacity, and institutional interest. It highlights sub-second finality and…
The document surveys competition between Aster and Hyperliquid in decentralized perpetual futures. It describes Aster’s stealth limit orders and multichain support, Hyperliquid’s USDH stablecoin, and the role of backing, token launches, and platform…
The document explains how large XPL trades, token distribution events, and exchange problems can affect price volatility and smaller traders. It describes the potential for whale selling to add supply and push prices lower, while accumulation can influence…
The document summarizes a 2025 analysis of decentralized exchanges, focusing on chain-level trading patterns, liquidity, developer activity, and emerging derivatives markets. It describes Solana as strong in retail-driven volume, with pump.fun activity…
This introductory guide covers leverage, stop-loss orders, hedging, contract types, liquidity, execution speed, and the institutional use of crypto derivatives. It explains that leverage lets traders control larger futures positions with less margin, while…
This beginner guide explains crypto futures as contracts whose value follows an underlying cryptocurrency, then contrasts them with spot ownership. It describes long and short positions, expiry settlement, and perpetual futures, which have no fixed expiry…
The document explains perpetual swap funding: when a swap trades above spot, longs pay shorts, and when it trades below spot, shorts pay longs. It describes two approaches to funding rate arbitrage: taking opposing positions on exchanges with different…
The document explains a futures DCA bot that adds to a position as price moves against it, using larger orders in a Martingale pattern. The aim is to improve the average entry price and close the full position at a take-profit level. Its BTC example shows…
The article describes USDGO as an omnichain extension of Paxos’s USDG stablecoin, using LayerZero’s OFT standard to transfer tokens across networks. It says the token is backed one-to-one by cash, short-term U.S. Treasuries, and cash equivalents, with…
The article reviews PUMP’s early trading conditions, focusing on large short positions, unusually high funding costs for shorts, low liquidity, and volatile price movements. It describes Hyperliquid’s PUMP-USD futures market as capped at 3x leverage and says…
The guide explains Polkadot as a multichain network in which a Relay Chain coordinates and secures connected parachains. It describes Nominated Proof-of-Stake, where validators secure the network and nominators stake DOT in support of validators. DOT also…
The article surveys several crypto market themes: large traders using decentralized platforms for leveraged positions, meme token launches and tokenomics, presale promotion, and utility tokens in Web3 games. Its trading discussion mentions stablecoin-funded…
The article outlines HyperLiquid’s trading design and features, emphasizing its custom Layer 1 chain, fully on-chain order book, USDC collateral, and perpetual futures with leverage. It contrasts the order-book approach with automated market makers and…
The document combines an account of a reported Hyperliquid wallet compromise with discussion of leveraged trading and broader crypto market conditions. It says stolen assets were moved across addresses and bridged to Ethereum, then recommends hardware…
The guide explains several types of exchange rewards and how their restrictions differ: trading bonuses, tradeback vouchers, contract vouchers, direct crypto rewards, fee rebates, Earn rate boosts, bot trial vouchers, and bot loss coverage. It distinguishes…
The document introduces decentralized derivatives, including synthetic assets, futures, options, and perpetual contracts. It explains that smart contracts and blockchain infrastructure can automate trading and settlement, and presents permissionless access…
The document presents Hyperliquid as a standalone blockchain built for DeFi trading, emphasizing its reported zero gas fees and sub-second finality. It describes perpetual futures as a core product and says the platform uses an on-chain order book, oracle…