DeFi is the white rabbit and Wonderland is the open platform for change it represents. As our understanding of decentralization grows, so too does the realization that we're on the precipice of a revolution driven by the eternal, innate need for individual freedom.

Blockchain will need to virtually disappear from the consciousness of a typical user to succeed. Overcoming gaps in modular architecture through a blanket, unified communications layer could help DeFi to achieve that mission.

One thing that we don’t touch on enough is transferring unique IRL values into Web3. Can something like Van Gogh’s Sunflowers or Picasso’s Guernica ever truly be tokenized? The IRL collectibles industry may offer insight.

Gm Portfolio is a co-launched, on-chain investment fund that has just been established. The main aim will be to invest in the DeFi space.

What does the future architecture of blockchains look like? There are subtle hints in the development of current, everyday technologies that show us.

How can we effectively measure customer satisfaction while retaining privacy and pseudonymity? As iteration maximalists focused on quickly identifying whether there may be product market fit, this is a paramount question to at least attempt to answer.

Most people would agree that it’s not the medium, and yet here we are again with “tokenized JPEGs can’t be art,” the same argument that was applied to every new medium and style of art in modern history.

2022 was a year of twists and turns. So what is 2023 going to do with the heap of ragged degens and blood-stained port balances that it inherited from its predecessor?

Crypto is arguably in a state of perpetual mutation maximalism, piling iteration upon iteration of code, ideas, and mechanics on top of each other. There will come a time when killer web3 apps gain global adoption, and they will achieve it through simplicity.

In this post we dive into a few recent examples of capital efficient models that don't amplify risk, and in some cases actually reduce it.

In many cases “capital efficiency” is synonymous with “leverage”, whether that leverage manifests itself in an amplified risk/return profile, impermanent loss, price risk of a project token, or blowup (solvency) risk. Let’s look at a few examples where “capital efficiency” = “leverage”, and then a few actual cases of capital efficiency without increased risk profiles.

Some of the most innovative ideas in finance are emerging out of group chats. What's facilitating this evolution of meme to idea? And why DAOs will be a permanent phenomenon.

The arbiters of the decentralized present will have a foothold in becoming the upholders and enforcers of future contracts.

The current state of dispute resolution in the context of blockchain technology. We take a look at Aragon Court, Kleros, and Jur.

How can DeFi teams build and maintain a competitive advantage. We look at various aspects of economic moats in context of blockchain tech.

How can DeFi teams build and maintain a competitive advantage. We look at various aspects of economic moats in context of blockchain tech.

Exploring the relationship between Ethereum L1 and L2 gas prices.

DeFi protocols will eventually have to deal with the question of strategic positioning. We explore some of the choices by major protocols.

Tokemak is one of the first protocols to experiment with protocol-directed liquidity. We look at whether this is sustainable and more!

Very early in their history, it appears that the Uniswap team decided not to try to be the consumer-facing gateway to traders.

A bird's-eye view of the projects building zkRollups, related tech, and some of the early adopter protocols that have deployed on zkRollups.

We take a deep look at what Convex Finance achieves, how it became so successful so quickly, and what to know when investing in CVX & cvxCRV.