Introduction Since covering LLP 6 months ago, the vault has grown from $20m to $500m in TVL. Despite this growth and potential yield dilution, the APY on LLP remains very attractive at over 34% the past 2 weeks. Today's post will cover the recent growth of Lighter as
Quarterly overview of Solana's biggest decentralized finance powerhouse.
Past performance is not indicative of future results
Disclaimer This report is made in collaboration with Kamino and is therefore sponsored. All editorial decisions, opinions, and conclusions expressed are entirely those of our own and remain independent of any external influence. Introduction Nothing beats the gamification of protocol interactions quite like a points program can. Despite a streak
Will decentralized markets be able to provide reliable spot stock exposure with deep liquidity before GTA VI?
Disclaimer This report is made in collaboration with Kamino and is therefore sponsored. All editorial decisions, opinions, and conclusions expressed are entirely those of our own and remain independent of any external influence. As mainstream adoption is reaching critical mass, the infrastructure supporting a new paradigm must evolve to meet
Introduction Perp dex vaults have historically offered strong risk-adjusted returns. Their traction grew with GLP (the vault on GMX) and was further cemented as a popular yield strategy with Hyperliquid's HLP. Today, there is a sea of vaults across different on chain exchanges - all with different designs
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Softening the rough edges of spot trading on the people's chain.
Introduction HLP and JLP are two popular DeFi products with close to $2b in combined deposits. While they are quite different by design, both act as market makers on their respective perpetual futures exchanges (Hyperliquid and Jupiter). But exactly how well have these products performed both this and last year?
The word "again" wasn't appended to the title for a reason.
Social media sentiment suggests that many investors are rethinking their overweight altcoin positions as these portfolios struggle to keep pace with Bitcoin and traditional markets, where stocks continue to rally. Memecoin holders have been squeezed dry of nearly all available liquidity. So, where will these market refugees turn next when
Disclaimer This report is made in collaboration with Kamino and is therefore sponsored. All editorial decisions, opinions, and conclusions expressed are entirely those of our own and remain independent of any external influence. The ongoing debate around Solana and the immoral schemes of its on-chain charlatans has done little to
Introduction Back in early 2024, we saw the rise of Yield Trading on Ethereum. This trend took off when Pendle integrated with EtherFi and other liquid restaking protocols built on top of EigenLayer. At the time, Yield Trading was seen as the best way to speculate on an EigenLayer or
Disclaimer This report is made in collaboration with Level and is therefore sponsored. All editorial decisions, opinions, and conclusions expressed are entirely those of our own and remain independent of any external influence. Introduction The stablecoin landscape has grown significantly in the past year both in overall supply but also
Disclaimer This report is made in collaboration with Kamino and is therefore sponsored. All editorial decisions, opinions, and conclusions expressed are entirely those of our own and remain independent of any external influence. Abstraction and improvements in user experience have drastically accelerated economic activity on Solana’s various decentralized exchanges.
Introduction Since the launch of HYPE, Hyperliquid has seen massive growth in terms of trading volume and revenue. HYPE launched at $2 on November 29th and has increased by over 1400% in less than a month. Today's report dives into the fundamentals of Hyperliquid and HYPE, exploring the
Disclaimer This report is made in collaboration with Vectis Finance and is therefore sponsored. All editorial decisions, opinions, and conclusions expressed are entirely those of our own and remain independent of any external influence. Introduction JLP is up nearly 88% year to date. That's a similar performance to
Introduction Restaking is a simple yet powerful idea: it enables staked assets to be reused (or restaked) across multiple decentralized services, or what Jito refers to as Node Consensus Networks (NCNs). This approach offers several benefits. Most notably, it enhances the security and integrity of the decentralized services as they
Introduction While most investors are occupied with finding the next 100x AI memecoin or figuring out which coin from 2017 will pump next, some are taking advantage of the high yields that can be found in DeFi currently. Bull market demand has resulted in on chain yield spiking which leads