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Biturai Trading Wiki
The Biturai crypto encyclopedia: AI-assisted, data-informed, and continuously quality-audited.
Lido vs. Rocket Pool: A Comparison of Liquid Staking Providers
Liquid staking protocols allow Ethereum holders to earn rewards without running a full validator or locking up their ETH.
Understanding stETH Depeg Risk: Why Liquid Staking Tokens Deviate
A depeg occurs when a token designed for stable value deviates from its intended parity.
Restaking Risks: Correlated Slashing and Rehypothecation Explained
Restaking allows users to secure multiple blockchain protocols with the same staked assets, aiming for increased capital efficiency and rewards.
Understanding EigenLayer Restaking: AVS and Slashing Explained
EigenLayer introduces restaking, allowing staked Ethereum to secure additional services for enhanced yield. This mechanism involves Actively Validated Services (AVSs) and carries specific risks, including slashing for non-compliance.
Liquid Staking vs. Liquid Restaking: Understanding the Differences
Liquid staking allows users to stake cryptocurrencies and receive a liquid token representing their staked assets, enabling participation in DeFi while earning rewards.
Falcon Finance USDf and sUSDf: Synthetic Dollar and Yield Explained
Falcon Finance introduces a dual-token system featuring USDf, an overcollateralized synthetic dollar for stability, and sUSDf, a yield-bearing token that accrues value from diversified strategies.
Resolv USR and the RLP Risk Pool: A Delta-Neutral Stablecoin Analysis
Resolv USR is a stablecoin designed to maintain a dollar peg through a delta-neutral strategy, backed by crypto assets and hedged with perpetual futures.
Crypto Basis Trading with Perpetuals and Spot
Basis trading involves simultaneously buying and selling an asset across the spot and derivatives markets to profit from price discrepancies.
Delta-Neutral Yield Strategies in DeFi Explained
Delta-neutral strategies in decentralized finance aim to generate returns while eliminating exposure to the underlying asset's price fluctuations.
Ethena Risks: Understanding Funding Rate and Custody Risks
Ethena's synthetic dollar USDe relies on complex delta-neutral strategies, exposing it to specific risks.
sUSDe vs. USDe: The Difference Between Staked and Base Tokens
USDe is Ethena's synthetic dollar, maintaining its peg through crypto collateral and delta-neutral hedging strategies. sUSDe is the staked version of USDe, designed to accrue yield from these underlying strategies.
Understanding the Ethena Carry Trade: Delta-Neutral USDe
Ethena's USDe is a synthetic dollar designed to maintain its peg through a delta-neutral strategy. This mechanism involves balancing long spot positions with short perpetual futures to generate yield from funding rates and staking rewards.
Pendle's Governance and Boost: From vePENDLE to sPENDLE
Pendle is a DeFi protocol that allows users to tokenize and trade future yield from various crypto assets.
Yield Trading with Pendle YT: Speculating on Rising Yields
Pendle Finance allows users to tokenize future yield from various DeFi protocols, separating it into Principal Tokens (PT) and Yield Tokens (YT).
Pendle Principal Tokens and Yield Tokens Explained
Pendle is a DeFi protocol that tokenizes future yield, splitting yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT).
Opening and Closing On-Chain Perpetual Positions
On-chain perpetual positions allow traders to speculate on asset price movements with leverage directly on a blockchain.
Funding Rates on Perp-DEXs: Differences from CEXs
Perpetual futures contracts allow speculation on asset prices without an expiry date, using funding rates to keep their price aligned with the underlying spot market.
Paradex: Starknet's Appchain Perpetual DEX Explained
Paradex is a high-performance decentralized exchange for perpetual futures, operating as a dedicated appchain on Starknet. It merges the speed of centralized trading with the security and transparency inherent to blockchain technology.
Lighter: A Zero-Knowledge Orderbook DEX for Perpetuals
Lighter is a decentralized exchange built on Ethereum Layer 2, specifically Arbitrum, that enables the trading of perpetual futures contracts.
Ostium: On-Chain Trading of Real-World Assets and Forex
Ostium enables the on-chain trading of Real-World Assets (RWAs) and traditional foreign exchange (Forex) markets. This platform bridges traditional finance with decentralized ecosystems, offering enhanced accessibility and efficiency.