Who is making on-chain catastrophe bonds for situations like ByBits?

Immutable protocols need immutable, growing funding—growing endowments that expand through fees, yield & alternative reinvestment structures.

Public goods were funded by endowments—until censorship and shifting property laws broke them. Now, blockchains can secure perpetual, credible endowments. real PMF—outside an ouroboros DeFi casino. Blockchains are powerful in defining what is credibly inalienable.

It’s effortless if you love it

Risk parameters are fundamentally ajar to DeFi.

My favourite oracle is block.base_fee

Rebasing is criminally underused

Please can we start designing things without governance params

Everyone wants CLOB but no one wants to place a limit order

📢New article on how upcoming EIPs will affect preconfirmations in the Ethereum ecosystem is live ethresear.ch/t/future-proof… Co-authored with Aikaterini-Panagiota Stouka ✍️ Generously supported by a grant from PBS Foundation 🙏

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Cannes has taught me that the most important innovations of the last 200 years are; - Aircon - Sunscreen

Some nights optimistic some nights pessimistic

🙏

I am worried that we are building an unregulated casino, and that people are developing addictions and getting burnt

Just finished my first set of notes on a series of posts about stablecoins, yield bearing dollars, and what post-stablecoin macro looks like. I find it tremendously interesting and believe the next few years could have massive implications on how we think about monetary policy,

People love fixed rates so much they bring their PTs to AAVE and make their position floating

35% of leverage financing is Total Return Swaps in TradFi. In DeFi that’s 0%