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 guide introduces dated futures and perpetual contracts, including how perpetual funding payments can encourage futures prices to track spot prices. It then outlines several approaches to trading crypto futures: taking long and short positions, following…
The document presents Hyperliquid as a major decentralized perpetuals venue and links HYPE’s market performance to platform growth and a fee-funded buyback policy. It says that 97% of protocol fee revenue is directed to buybacks, which could reduce…
The document explains how leverage lets crypto traders control positions larger than their posted capital, amplifying both gains and losses. It describes liquidation as a consequence of adverse price moves that reduce margin below a platform’s threshold, and…
The article introduces XPL/USDC perpetual contracts launched on Hyperliquid, describing perpetuals as derivatives without an expiry date and reporting leverage of up to 3x. USDC serves as collateral, so leveraged positions amplify exposure to XPL price…
The document describes Hyperliquid as a decentralized exchange built on its own Layer 1, with an on-chain order book and a focus on fast trading. It presents USDC as the primary collateral and describes SOL’s role in cross-chain functionality and perpetual…
The document links Ethereum’s planned zkEVM scaling work with market activity and possible altcoin rotation. It describes zkEVM as processing transactions off-chain with zero-knowledge proofs, with goals of faster finality and lower costs. It also points to…
Aevo is presented as a derivatives-focused decentralized exchange built on a custom Ethereum rollup. It matches orders off-chain and settles trades on-chain, aiming to combine faster execution and lower fees with Ethereum settlement. The platform offers…
The document explains how leveraged positions in crypto derivatives can be forcibly closed when margin falls below maintenance requirements, potentially adding to volatility. It introduces liquidation heatmaps as a way to locate price levels with…
The document surveys Monad’s technical claims alongside risks around its MON token and trading activity. It recounts Arthur Hayes’ change from endorsing the token to criticizing it, then discusses a low circulating share of total supply, insider and venture…
This article presents DeAgentAI as infrastructure for AI agents operating across blockchains, with aims that include operational continuity and decentralized decision-making. It describes products for crypto price signals, no-code quantitative strategy…
This note explains how Binance’s announcement to delist MEMEFI perpetual futures coincided with a sharp token rally. It describes a short squeeze: rising prices can force short sellers to close positions by buying, adding to demand and trading volume. The…
The article describes the ASTER airdrop as a user acquisition and community incentive program for Aster DEX, a platform offering spot and perpetual trading across multiple chains. Eligibility is associated with trading activity, referrals, and points earned…
The document describes Maple Finance as a DeFi lending protocol focused on institutional borrowers and undercollateralized credit pools. It attributes the platform’s reported TVL increase, from $297 million to $2.5 billion in 2025, to institutional demand…
The document outlines Fusionist, a blockchain game combining resource management, turn-based tactical combat, and a 4X strategy mode. It says the game uses the Endurance network for NFT-based ownership and trading of in-game assets, while the ACE token…
The document gives a step-by-step overview of placing a perpetual swap trade in the OKX app for users in Singapore. It describes selecting the futures area and a contract, setting leverage and choosing isolated or cross margin, selecting an order type,…
The document presents Hyperliquid as a Layer 1 blockchain and decentralized perpetual exchange, highlighting its HyperBFT consensus design, order-book model, and claimed high order throughput and low latency. It describes HYPE as the ecosystem token and…
The document introduces perpetual swaps as crypto derivatives with no expiry that let traders take long or short positions without owning the underlying asset. It explains how leverage magnifies the notional exposure relative to posted margin, distinguishing…
The document surveys several crypto developments: a Bitcoin address became active after a long dormancy, Ethereum perpetual futures open interest reached a reported two-year high, companies announced crypto treasury moves, and Web3 projects attracted…
The article describes Hyperliquid as a major decentralized venue for perpetual trading and attributes its growth to high transaction capacity, fee generation, user incentives, and ecosystem development. It outlines HYPE’s functions in staking, governance,…
The article describes Hyperliquid’s HIP-3 upgrade and the XYZ100 market, presented as an on-chain perpetual market tracking Nasdaq futures. It focuses on continuous trading access, contrasting it with traditional market hours, and notes that such access may…
The document outlines OKX’s planned removal of BADGER/USDT, BAL/USDT, and NIL/USDT perpetual contracts. It describes the exchange’s stated handling of open positions: liquidation based on the arithmetic average of the preceding hour’s index prices, with…
The document explains how large, highly leveraged positions on Hyperliquid, a decentralized perpetual futures venue, can affect traders and platform stability. It uses examples of large losses in ETH and BTC positions to illustrate how leverage magnifies…
The document describes Ethena’s USDe as a synthetic stablecoin supported by crypto assets and perpetual futures, with sUSDe presented as a way to receive yield associated with futures funding rates. It also outlines a Qualified Asset Framework using open…
The document introduces MYX Finance as a decentralized perpetual exchange using a Matching Pool Mechanism that it says enables zero-slippage trading, alongside leverage of up to 50 times. It links the MYX token’s reported September 2025 rally to new…