The microcosm of DeFi has been highly successful in the last few years in creating a set of new financial rails based on a new paradigm. These financial rails have been extensively used by a niche of power users who played with them in many different ways, with the clear goal of speculating. So far, a very limited intersection exists between the new DeFi rails and off-chain economic...
In Roman mythology, Janus was the god of beginnings, transitions, and endings. He was depicted as having two faces looking in opposite directions, symbolizing his ability to look both to the future and the past. Janus offers the perfect metaphor to solve one of the most important pieces of crypto infrastructure: on/off-ramp. In the context of crypto, an on/off-ramp refers to the channels through...
Over the last few weeks different DeFi projects have emerged, offering customers the opportunity to get exposure to the most common traditional securities on the market: US Treasury Bills. The bridging of traditional securities on-chain is the clearest ongoing DeFi trend and this post aims to analyze the main projects and their impact on the evolution of the DeFi space. Convergence of on...
A blockchain is a fully deterministic system meaning that, given the history of the system, it can be replayed in another machine achieving the same results. Essentially it is a machine that, given the same inputs, will always provide the same outputs. This is a very powerful property, because it allows users to store information of different nature safely, with a very limited risk of data...
From my humble point of view, the most interesting piece of financial innovation in circulation today is what a small group of decentralized finance startups is doing: trying to bring real world assets on-chain. Roman style mosaic of robot lending money – DALL-E What these companies are doing is fascinating, and yet extremely challenging at the same time. They are trying to migrate...
The goal of this post is to provide a deep-dive in one of these decentralised credit marketplaces Credix, to analyze its capital-markets-as-a-service proposition and contextualize it in the wider lending space.
The post imagines what the future of finance will be in 2032. It follows the life of a fictional character - John - and analyses how four major trends redefine his financial life.
The post presents an analysis of Yield Guild Games, an NFT fund which invests mainly in crypto-gaming assets.
Why (in italian perché) has always been my favorite word. Why, in my opinion, is the most powerful word we have, as it allows us to uncover the real essence of things. It is the key to understanding causality, one of the pillars of the scientific method. The goal of this post is to ignore buzzwords and a blind deterministic approach, which permeates crypto, and try and understand why DeFi...
The post describes the AMM model and its most important implementation in the DeFi ecosystem: Uniswap.