The post describes the AMM model and its most important implementation in the DeFi ecosystem: Uniswap.
Visa 10K: the mother of all protocols
The post presents an analysis of Visa 2020 10K and uses it to give more context around Visa's history, growth opportunities and potential threats.
DeFi Lending 2.0: Reputation & Real World Assets
The main argument of the essay is that, in order to really become a mainstream product, DeFi lending will have to expand across two main dimensions: reputation and real world assets.
A lending stack: merging DeFi with Traditional Finance
Last year, I wrote a post defining the most important component of a banking stack. This post is the complement to that one, and i describes the core elements of a modern lending stack, adding some new DeFi pieces to the architecture.
Compound, the DeFi money market
Compound is a money market protocol that allows users to lend and borrow crypto-assets in a global, permission-less, transparent and very rapid way, without a middleman.
The post presents an analysis of the protocol's main logics and its position in the DeFi Space.
What if a crypto currency becomes the mainstream payment method?
What if a crypto currency or a native digital currency becomes the mainstream payment method?
The post investigate the scenario of a digital currency becoming the main mean of payment and its implications on the wider financial ecosystem.
Core Banking 101
The deck presents the main elements of a core banking solution, its history and some guidance on the make vs buy choice of this solution.
A tale of two ecosystems: Square 10K
Starting from latest Square 10K, I investigate the dual nature of this business, analysing the 2 ecosystems that Square built: merchant and consumer.
How tokens could revolutionise the creators economy
A post on the impact on artists' financial life of a new token-based economy.
My thesis is that the sector’s structure and dynamics will be completely reshaped by the tokenization of the creators' revenue stream and their sale to a plethora of investors/fans. And that this model will be potentially applicable to other categories
The Apple moment for financial services
The argument of this post is that the Apple moment for financial services is coming and a new generation of fintech startups, built on engagement and coolness factor, is emerging very rapidly.