The Risk premium problem
Balancer emissions elimination fails: superior tech alone won't attract DeFi liquidity. Falling TVL, exploits, and brand damage demand risk premiums; capital exits without compensation. Focus incentives on V3 pools.
Latest
Sagix Miliarium Aureum
The four-layer framework: a complete liquidity risk assessment for DeFi
The Druid Deep Dive, Episode 9, Part 4: The hub: how Rothschild made London the nexus of everything
The Druid Deep Dive, Episode 9, Part 3: The invisible pipes: how clearing systems made money move
The Druid Deep Dive, Episode 9, Part 2: The Eurodollar shadow: when dollars escape their makers
