CategoryDeFi

RWA#5 – All you need is Bond – Pt2

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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...

RWA#4 – Monerium: a new generation of on/off-ramp

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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...

RWA#3 – All You need is Bond

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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...

RWA#2 – Real World Oracles

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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...

RWA#1 – Centrifuge: Real World Assets for Crypto investors

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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 disintermediation of finance

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Why (in italian perch√©) 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...