Are stablecoins simply rebranded, onchain money market funds?

US investor sentiment is hyper bearish, we are in the midst of a historically bad market to start the year (and what typically happens next), FTX wants to buy everything...

Like futures, perpetuals allow traders to speculate on future price movements of the underlying asset they track. However unlike futures, they never expire...

In crypto, when we judge how an investment is performing we tend to just look at spot price. Down = bad, up = good...

Negative-yielding debt (NYD) refers to any bond where you are paying the borrower for the privilege of lending them money...

We like to use this as a place to reflect on big ideas and frameworks for thinking. Not what to think, but ways to think about things.