Crypto isn’t worth anything because it has no “intrinsic value”. Almost no one applies this term consistently. It’s an amorphous term that vaguely takes on whatever shape you want that suits your priors. Let’s dissect what “intrinsic value” really means.

Generations of warfare and business correlate closely. However there is a lag between them, war is roughly one cycle ahead. War adapts quickly to advancements in strategy, making it an informative leading indicator in domains that are adversarial and competitive. I believe this makes it an excellent proxy for DeFi.

There’s a well-known take that “AI is communist, crypto is libertarian”. hat it functionally means is these two technologies provide a symbiotic yin-yang to each other via their contrasting strengths. The tech equivalent of “unstoppable force meets immovable object”.

Crypto Market Wizards is RabbitX’s series of interviews with professional, sophisticated DeFi traders. Our first interview is with Stoic.

RabbitX senior developer Alex Sumner recently sat down with Starkware to discuss creating a DeFi orderbook, the benefits, drawbacks, and why RabbitX chose to build on Starknet.

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.

Technology has been progressively removing core elements of human communication. Cryptography and DeFi are bringing them back.

Where can we peg DeFi in the historic evolutionary process of business and warfare? And using warfare as a leading indicator, what can we expect for DeFi’s future generations?

If this one word goes away (or if regulators keep pretending like it doesn’t exist), the most consequential sector of the 21st century will get driven offshore of the United States.

When an exchange isn't solvent, user funds are at risk. Risk management systems don't perform solvency checks. Ours does though, here's how.