Crypto Research

Not all yields and farms are created the same. Knowing this, how would one differentiate good yield from the bad? How do you know if the yield farm you are in is bountiful like the former picture below, or if the farm token price prints the latter[1], like the fate of many high-yielding predecessors before it? To understand the quality of the crops (yields), we have to examine the different...

EXECUTIVE SUMMARYThe digital assets space has witnessed a Cambrian explosion of alternative crypto networks over the past few years, with many projects experimenting on concepts pioneered by Bitcoin. Despite the new options for crypto investors, we believe Bitcoin remains differentiated as the only sound monetary cryptoasset due to its unique technical characteristics around decentralization, consensus, and supply. Bitcoin is also fundamentally superior to other existing monetary assets such as the...

Venture capital investors took a breather heading into March after investing around $4 billion in the previous three weeks. CeFi projects continue to get a substantial portion of investments, raising $123 million this week. A DeFi project received $70 million in funding, and NFT/Metaverse investments totaled $52 million. Infrastructure was an unusual laggard in the venture space, raising $35 million. Most of this week’s capital flowed into two new venture...

Debt. Arguably one of the most controversial financial terms in modern history. Embroiled in the conversations of 45 million student debt holders, 55% of Americans who carry a month-to-month credit card balance, and the mortgage holders that account for 70% of all American debt. Use too much and risk defaulting, use too little and miss out on opportunities due to temporary illiquidity. Even nation-states use debt to boost productivity -...