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 impermanent loss for decentralized exchange liquidity providers. AMMs maintain pool balances through pricing formulas; when an asset’s market price moves relative to its pool partner, arbitrage trades restore alignment and change the…
This podcast summary introduces Superstate's approach to representing traditional financial assets on a blockchain. Its featured product, USTB, is described as a tokenized short-term US government bond product. The discussion centers on using blockchain to…
The document outlines Lyra V2 as a decentralized options venue that replaced its earlier automated market maker model with a gasless central limit order book and on-chain settlement. It describes an app-chain architecture based on an optimistic Layer 2…
This market update reviews three developments in crypto derivatives: August activity at Deribit, the launch of Bumper, and Kraken’s plans to expand its derivatives business. It reports that Deribit’s volume rose while global derivatives volume fell, with…
Band Protocol is described as a blockchain service that brings external data to decentralized applications. Validators collect and verify information requested by applications, then relay it through the protocol’s blockchain so transactions can be publicly…
The article summarizes research comparing cryptocurrency data providers and argues that raw data gains value from the context and presentation built around it. It distinguishes on-chain and off-chain sources, and describes how providers may differentiate…
The article explains how tokenization can represent fractional claims on real-world assets such as real estate, commodities, collectibles, private credit, equities, and intellectual property. A custodian or other trusted entity holds the underlying asset…
The document outlines ways institutional investors can use blockchain data to study digital asset activity. Aggregated wallet balances, transactions, network fundamentals, and cross-chain flows can help teams monitor portfolio exposure, protocol adoption,…
The document explains Convex Finance as an intermediary for Curve liquidity providers and CRV holders. Users stake assets through Convex to access boosted CRV rewards, CVX incentives, and other reward tokens. It describes cvxCRV as a receipt for CRV…
The document explains Hummingbot connectors as adapters between its trading engine and exchange or blockchain interfaces. Using WebSocket and REST APIs, connectors standardize access to market and blockchain data and support actions such as placing,…
The document explains a specific pricing and margin arrangement for some Hyperliquid perpetual contracts. Their underlying spot reference comes from Uniswap V2 or V3 automated market maker prices. These contracts are isolated-margin only: traders cannot use…
The article surveys ways decentralized finance represents familiar financial products on blockchains. It describes lending pools where suppliers earn variable interest and borrowers post crypto collateral, often in excess of the loan value. Smart contracts…
The document describes Amberdata joining Pyth as a first-party publisher of real-time cryptocurrency prices. Pyth is presented as an oracle network that brings off-chain market data onto blockchains for decentralized applications, initially on Solana. The…
This market snapshot surveys digital-asset developments around geopolitical attacks, U.S. stablecoin legislation, macroeconomic pressure, an Ethereum chart pattern, and a DeFi exploit. Its market analysis interprets Bitcoin ETF creations and redemptions as…
This operational guide explains how a trading gateway can use dedicated RPC providers instead of public default endpoints when connecting to Solana and EVM networks. It describes the role of the RPC node in transaction speed, availability, data freshness,…
This overview explains parachains as customized blockchains connected to Polkadot’s or Kusama’s central Relay Chain. The Relay Chain provides shared security, consensus, and transaction settlement, allowing connected chains to rely on common network…
The document describes Amberdata Beacons, an on-chain data feed service built with API3’s Airnode technology and announced for ETHDenver 2022. Each Beacon is continuously updated and uses a single first-party oracle: the data provider publishes its own…
The article explains diversification as spreading cryptocurrency exposure across tokens to reduce the damage from a weak or failed holding. It proposes grouping assets by industrial use case, ecosystem solutions such as protocols and service providers,…
This report explains how to design a cryptocurrency arbitrage strategy across centralized exchanges and decentralized exchanges using automated market maker pools. It covers the differences between order-book prices and pool pricing, then identifies costs…
The article describes a crypto arbitrage strategy that compares Celo's cGLD-cUSD automated market maker with centralized exchange order books listing cGLD and cUSD pairs. Because the AMM prices trades through a constant-product pool while centralized venues…
This market snapshot combines macro data with crypto spot, derivatives, liquidity, positioning, ETF, stablecoin, and DeFi lending indicators. It interprets recent long liquidations as a clearing of positions built during an earlier short squeeze, while…
The interview describes Titan’s approach to spot swaps on Solana: gather quotes from on-chain venues and other aggregators, then route trades among those sources with the aim of improving price and limiting slippage. It explains that the system evaluates…
The document explains Bancor as a decentralized automated market maker that uses asset pools to support trading. Users deposit tokens and receive pool tokens representing their claim on the deposit; traders pay fees, which are shared with liquidity…
The article explains Bifrost’s liquid-staking model: users stake proof-of-stake assets through the protocol and receive corresponding vTokens, which are intended to preserve access to decentralized finance while the underlying assets earn staking rewards. It…