DeFi

Written reports and podcast content that pertains to DeFi protocols

Token EconomicsEthereum DeFiAlternative L1'sLayer 2State of the UnionOnchain Data UpdatesThesis ReportsPodcastThe Watch ListSolanaValuation FrameworksReal World AssetsEthereumHiddenTDR ProMemecoinsMarkets CommentarySolana DeFiInvestment MemosDeFiIdentityBlockchain EducationPortfolio AlertsDePINRegulation & PolicymakingNFTsCycle Awareness UpdatesStablecoinsBitcoinQuarterly Reports
Ethereum DeFiEthereum DeFi
+3+3
Maple Finance & Syrup with Joe Flanagan

Maple Finance & Syrup with Joe Flanagan

How Maple Originated $4b in Institutional DeFi Loans

Michael Nadeau
Michael Nadeau
SolanaSolana
+2+2
Solana Liquid Staking

Solana Liquid Staking

Revisiting the thesis

Michael Nadeau
Michael Nadeau
Ethereum DeFiEthereum DeFi
+3+3
Episode 4: The Economics of Uniswap

Episode 4: The Economics of Uniswap

How good is Uniswap at capturing the value it's creating?

Michael Nadeau
Michael Nadeau
Ethereum DeFiEthereum DeFi
+3+3
Permissioned DeFi & Tokenized Equities

Permissioned DeFi & Tokenized Equities

TradFi and DeFi are merging faster than the market appreciates

Michael Nadeau
Michael Nadeau
Ethereum DeFiEthereum DeFi
+5+5
Where's the Signal in DeFi? Blue Chips: Pt. 2

Where's the Signal in DeFi? Blue Chips: Pt. 2

Business models are converging.

Michael Nadeau
Michael Nadeau
Ethereum DeFiEthereum DeFi
+3+3
Where's the Signal in DeFi?

Where's the Signal in DeFi?

Past innovation cycles give us a glimpse of the future.

Michael Nadeau
Michael Nadeau
Thesis ReportsThesis Reports
+4+4
The Liquid Staking Set-Up on Solana

The Liquid Staking Set-Up on Solana

And an analysis of Marinade Finance

Michael Nadeau
Michael Nadeau
Ethereum DeFiEthereum DeFi
+2+2
The Business of Liquid Staking

The Business of Liquid Staking

And an analysis of Lido Finance

Michael Nadeau
Michael Nadeau
Ethereum DeFiEthereum DeFi
+2+2
DeFi Thesis: Uniswap & AMMs

DeFi Thesis: Uniswap & AMMs

Can Automated Market Makers Displace Centralized Order Books?

Michael Nadeau
Michael Nadeau
Ethereum DeFiEthereum DeFi
+3+3
DeFi Thesis: Private Markets Pt. 2

DeFi Thesis: Private Markets Pt. 2

Part 2: The new tech stack and the future of private markets

Michael Nadeau
Michael Nadeau
Thesis ReportsThesis Reports
+2+2
DeFi Thesis: Private Markets Pt. 1

DeFi Thesis: Private Markets Pt. 1

Part 1: Private Markets vs Public Markets

Michael Nadeau
Michael Nadeau
Thesis ReportsThesis Reports
+1+1
DeFi Thesis: Lend/Borrow Sector

DeFi Thesis: Lend/Borrow Sector

What happens to the banks?

Michael Nadeau
Michael Nadeau