How money work
This article presents a simple and short case on why it is commercial banks and not the Fed that creates
Read moreThis article presents a simple and short case on why it is commercial banks and not the Fed that creates
Read moreI have tediously insisted that the natural system of banking is that of many banks keeping their own cash reserve,
Read moreSummary The price stability of DAI was expected to be managed by rate settings and speculative arbitrage This didn’t work
Read moreSummary Borrower concentration at MakerDAO is increasing over time 3 borrowers are currently ~55% of our crypto-loans exposure and ~60%
Read moreIn the real world, a one-dollar bill has the same value as $1 at your Citigroup account or $1 at
Read moreThis paper describes the business of banking and how it applies in the crypto-world. While Decentralized Finance is all about
Read moreVery early draft paper (not sure it will be finished) Crypto-banking 101 In my Crypto banking 101 paper, I’ve described the
Read moreThe Yield Protocol launched a beta version this week. The whole concept is to allow borrowing and lending at fixed rate up with a
Read moreI advocated 2 years ago that stablecoins will see massive adoption. That true by market capitalization and by transactions volume. Interestingly, the
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