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Joe Wait

Joe Wait

Head of DeFi

crvUSD Monetary Policy

crvUSD Monetary Policy

crvUSD Monetary Policy is changing, but what does it mean for users and system stability? In this article we dive into what the Monetary Policy is, how and why it's changing, and what that means for users and the system. Stability Mechanisms crvUSD is a decentralised CDP stablecoin

Scaling YieldBasis to $1bn

Scaling YieldBasis to $1bn

As @yieldbasis gets ready to scale up to a $1bn credit line from @CurveFinance, we investigate how the dynamics of the crvUSD system have changed. Our findings show that as structural crvUSD flows from YieldBasis grow, the stability of the crvUSD system is becoming tightly coupled to BTC price movements,

Does YieldBasis hurt the crvUSD peg?

Does YieldBasis hurt the crvUSD peg?

With @yieldbasis requesting an increased $1bn crvUSD credit line from the @CurveFinance DAO, we investigated crvUSD peg stability before and after the launch of YieldBasis. Our findings show an increase in the volatility and peg deviation of crvUSD since the launch of YieldBasis. Methodology We gathered data on the end

YieldBasis Rebalancing Risks

YieldBasis Rebalancing Risks

The flash crash of Oct-10 resulted in both gains and losses for YieldBasis LPs. In this post we explain the reasons why this happened and highlight some of the risks. Key takeaways: * Between 21:00 and 22:30 UTC the pools handled over $50m in volume, making >$500k in

Does YieldBasis Benefit Curve?

Does YieldBasis Benefit Curve?

As YieldBasis prepares to scale with a proposal to raise pool caps, we investigate whether predictions about its beneficial effects for the Curve DAO hold true. In summary, we found: * Every $1 traded on YieldBasis generates at least $1.089 volume on Curve * >88% of this volume was due

Aave's Liquidators

Aave's Liquidators

Liquidators are one of DeFi's vital organs, ensuring the health of Collateralised Debt Positions (CDP) to prevent lending protocols from accumulating bad debts. In this post we use Pangea's AI and SQL Framework to dive into the data on Aave's liquidators to understand more

Under The Microscope - Aave

Under The Microscope - Aave

JP Morgan Chase, Goldman Sachs, Morgan Stanley, Deutsche Bank, HSBC - these household TradFi names all make the list as being Global Systemically Important Banks (G-SIB). With trillions of dollars of deposits and investments across the globe, these titans of finance underpin the TradFi system, providing the liquidity that drives