DeFi Researcher & Data Analyst. Working with @LlamaRisk team.
Long-term outlook on Chicken Bond's utility
Chicken Bonds are designed to generate amplified yields and accumulate protocol-owned liquidity that can strengthen the subjected asset's position in the market. It is first applied to Liquity’s LUSD where bonding is the primary use case, allowing users to acquire bLUSD at a discount upon depositing tokens. Though the report consists of a short intro on the mechanics of Chicken Bonds, it is assumed that the reader knows a bit about Chicken Bonds and how it works. Resources that cover Chi...
Long-term outlook on Chicken Bond's utility
Chicken Bonds are designed to generate amplified yields and accumulate protocol-owned liquidity that can strengthen the subjected asset's position in the market. It is first applied to Liquity’s LUSD where bonding is the primary use case, allowing users to acquire bLUSD at a discount upon depositing tokens. Though the report consists of a short intro on the mechanics of Chicken Bonds, it is assumed that the reader knows a bit about Chicken Bonds and how it works. Resources that cover Chi...
MakerDAO Endgame and its Repercussions on Curve Finance
This Risk report was made possible with the collaboration of @cryptorisksteam.OFAC, the Treasury Department's sanctions watchdog, added Tornado Cash to its list of specially designated nationals on allegations it helped North Korea's Lazarus hacking group launder millions of dollars' worth of crypto proceeds stolen from various crypto projects over the past two or three years. Source: US Lawmaker Emmer Asks Treasury Department to Explain Tornado Cash SanctionsTornado Cash sanct...
MakerDAO Endgame and its Repercussions on Curve Finance
This Risk report was made possible with the collaboration of @cryptorisksteam.OFAC, the Treasury Department's sanctions watchdog, added Tornado Cash to its list of specially designated nationals on allegations it helped North Korea's Lazarus hacking group launder millions of dollars' worth of crypto proceeds stolen from various crypto projects over the past two or three years. Source: US Lawmaker Emmer Asks Treasury Department to Explain Tornado Cash SanctionsTornado Cash sanct...
Variables in Impermanent Loss mitigation models
Here is what we are going to cover:Impermanent loss mitigation mechanisms.IL mitigation variables.Liquidity depth - Slippage - Trade value correlation.This article explores the variables that need to be considered in an ecosystem of AMMs when mitigating impermanent loss. The article provides intermediatory information on the actions of traders, AMMs, arbitrageurs, LPs, and liquidity depth and their effects on net profits and losses.ContextThe main incentive for the users to supply liquidity i...
Variables in Impermanent Loss mitigation models
Here is what we are going to cover:Impermanent loss mitigation mechanisms.IL mitigation variables.Liquidity depth - Slippage - Trade value correlation.This article explores the variables that need to be considered in an ecosystem of AMMs when mitigating impermanent loss. The article provides intermediatory information on the actions of traders, AMMs, arbitrageurs, LPs, and liquidity depth and their effects on net profits and losses.ContextThe main incentive for the users to supply liquidity i...
Decoding the Convex-Curve Flywheel
Here is what we are going to cover:The flow diagram for the Convex-Curve flywheelThe implication of the actions on Convex financeFueling and expansion of the flywheelConvex finance is a layer above Curve finance and this article goes in-depth in explaining how value is accrued to $CVX through the Curve ecosystem as we move forward in time. The article also explores the origins of the reward and sustainability of the same. The article concludes by declaring that adding more mechanisms around c...
Decoding the Convex-Curve Flywheel
Here is what we are going to cover:The flow diagram for the Convex-Curve flywheelThe implication of the actions on Convex financeFueling and expansion of the flywheelConvex finance is a layer above Curve finance and this article goes in-depth in explaining how value is accrued to $CVX through the Curve ecosystem as we move forward in time. The article also explores the origins of the reward and sustainability of the same. The article concludes by declaring that adding more mechanisms around c...
Decoding the Supply & Demand: $FRAX Flywheel
Here is what we are going to cover:The flow diagram for the FRAX flywheelTreasury inflow and outflowNuances related to the value accrual of $FXSThis article goes in-depth in explaining different channels that are used to accrue value to $FXS as we move forward in time. The article also explores the fueling factors of the flywheel and concludes that increasing utility for $FRAX stablecoin is the best fuel to move forward.If this simple reading layout doesn’t excite you, you could scroll down t...
Decoding the Supply & Demand: $FRAX Flywheel
Here is what we are going to cover:The flow diagram for the FRAX flywheelTreasury inflow and outflowNuances related to the value accrual of $FXSThis article goes in-depth in explaining different channels that are used to accrue value to $FXS as we move forward in time. The article also explores the fueling factors of the flywheel and concludes that increasing utility for $FRAX stablecoin is the best fuel to move forward.If this simple reading layout doesn’t excite you, you could scroll down t...
