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CryptoDAOsdecentralized financeexchanges / cap mkts
·Oct. 27, 2021

DeFi 2.0 Primer (part 2): Tokemak aims to aggregate and improve market making, like a decentralized Citadel Oct 27 3

This week we continue the discussion of the shape of DeFi 2.0. We highlight Tokemak, a protocol that aims to aggregate and consolidate liquity across existing projects. Instead of having many different market makers and pools across the ecosystem, Tokemak could provide a clear meta-machine that optimizes rewards and rates across protocol emissions. This has interesting implications for overall industry structure, which we explore and compare to equities and asset management examples.

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decentralized financephilosophyventure capital
·Sep. 7, 2020

How signalling explains SoftBank’s $4 billion call option trade, SushiSwap’s vampire attack, and why we make Art

This week, we look at:

  • PayPal and Square being larger than Bank of America and Goldman Sachs

  • The SoftBank $4 billion in tech oligopoly call options, and why people feel uneasy

  • Uniswap vs. SushiSwap, and Bitcoin vs. Litecoin, and why these forks felt wrong

  • How understanding signalling can help make better decisions

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DAOsdecentralized financeexchanges / cap mktsgame theorystablecoins
·Oct. 21, 2021

DeFi 2.0 Primer (part 1): Rise of Protocol Owned Liquidity and Olympus DAO mechanics

Decentralized finance is formulating new mechanisms to correct for the pitfalls of liquidity mining, yield farming, and other early token distribution approaches. This is happening both at the level of individual projects like Alchemix or Fei, and at the level of industry wide consolidation through Olympus DAO and Tokemak. We explore where this evolution is going, and potential outcomes. In this first part of the analysis, we look closely at Olympus DAO, the concept of Protocol Owned Liquidity, and whether the economics make sense.

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