Open letter to “Will the real stablecoin please stand up?” authors
Open letter to “Will the real stablecoin please stand up?” authors The BIS issued a paper called “Will the real
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Research
Singleness of money in crypto-banking
If a term is quite fashionable in central bank circles those days, it is the singleness of money. BIS papers
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Accounting primer for crypto-banks
In this paper, we will go through the basic accounting building blocks of a crypto-bank. A crypto bank is a
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Almost 50 flavors of crypto finance
We explore a nomenclature of crypto-finance projects from crypto-currencies to flavors of DeFi then CeFi.
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Stablecoins and currency boards
This article dig into currency boards and what we could apply to stablecoins. This will also lead to an improved value proposition for MakerDAO and its stablecoin DAI.
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Stablecoins: currency or credit?
We will analyze the difference between money-like credit and a currency. Then we will try to understand how such a dichotomy related to the stablecoin construct, in particular DAI, the MakerDAO stablecoin.
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How the crypto-banking system could reduce systemic risk
This article shows that liquidity pools, a basic construct of DeFi could create a more robust financial system by improving assets liquidity and, in the same time, improving passive investors performance.
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The Crypto Banking System
The foundations that are needed to build a financial system on top of decentralized finance (DeFi)
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Crypto-banking differences with traditional and shadow banking
Banking is the alchemy of bridging ultimate lenders that want safety and liquidity to ultimate borrowers that want long dated
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Capital structures for DAOs in DeFi
Decentralized finance promised a Cambrian explosion of nature of tokens. As we will see, we are still far behind TradFi.
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