CategoryDeFi

The awakening of the sleeping giant: Bitcoin Defi

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Bitcoin, undeniably the poster child of the cryptocurrency movement and the most important coin by market cap size, is often viewed within the crypto ecosystem as a stable yet unexciting platform with few new developments. Although Bitcoin was the first cryptocurrency, real innovation has been occurring elsewhere, notably on Ethereum. Thus, the narrative that has developed around Bitcoin portrays...

Staking 101

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The first part of this year the crypto space has been characterized by a sudden and – in many cases – unexpected, bull market. Prices returned to all-time highs very quickly, and the most important narrative fuelling this phenomenon is staking, particularly through its most advanced evolution, which is restaking.  The goal of this post is to explain to a non-crypto user what...

It’s all about liquidity

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While its importance is often underestimated even by practitioners, liquidity – i.e. the ease of converting an asset into cash – is one of the most important concepts in finance.  From my point of view, liquidity and, in particular, the ability to bootstrap and guarantee a qualitatively better liquidity is the most appealing characteristic of the blockchain-based markets. The...

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...