stETH has had a persistent discount to ETH, yet it's backed 1:1 and pays a dividend. Inefficient market or justified? This is a framework for thinking about it.

DeFi's volatile rates and lack of yield curve creates friction for financial adoption. Because borrowing requires a stable cost of money.

Your risk, their reward. Rehypothecation is actually a standard TradFi practice that DeFi must stop. The DEX solves this.

For Ethereum to support a network with billions of people it must be effectively scaled. ZK-rollups, specifically STARKs, solve this.

What makes DeFi decentralized is its open existence onchain. Claiming a website disproves this is either naive or arguing in bad faith.

Why do we want info stored in a blockchain over a database? There are many differences between them, let's review their advantages.

Information is a critical component to markets. We love the AMM but it's an informationally poor liquidity source. The orderbook solves this.

We believe in a multichain future, but imagine a world where you could reasonably not know what chain you're using. What would that look like?

Are stablecoins simply rebranded, onchain money market funds?