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Order Book DEXs vs. AMM Perpetual DEXs: Advantages and Disadvantages
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Hyperliquid vs. GMX vs. dYdX: A Perpetual DEX Comparison
Decentralized perpetual exchanges (Perp-DEXs) offer self-custody and transparency, contrasting with centralized platforms.
HyperEVM Explained: Hyperliquid's Smart Contract Layer
HyperEVM is Hyperliquid's Ethereum-compatible smart contract layer, enabling Solidity developers to build decentralized applications directly on the high-performance Layer-1 blockchain.
Hyperliquid: Understanding the On-Chain Order Book
Hyperliquid is a specialized decentralized exchange built on its own Layer 1 blockchain, designed for high-performance perpetual derivatives trading.
The GMX GLP Pool: How Liquidity Providers Become Counterparties
The GMX GLP pool is a multi-asset liquidity pool that enables decentralized perpetual and spot trading on the GMX platform.
GMX V1 vs. V2: Changes in the Perpetual Trading Model
GMX, a leading decentralized exchange for perpetual futures, underwent a significant architectural overhaul from its V1 to V2 iteration.
Undercollateralized Lending in DeFi: Opportunities and Risks
Undercollateralized lending in decentralized finance allows borrowers to obtain loans with collateral valued less than the loan amount, a significant departure from traditional DeFi overcollateralization.
Fixed vs. Variable DeFi Loans: A Comparative Analysis
Decentralized finance offers two primary types of loans: fixed-rate and variable-rate, each with distinct implications for borrowers and lenders.
Fluid (Instadapp) Smart Collateral and Smart Debt Explained
Fluid by Instadapp introduces a novel approach to decentralized finance by integrating lending, borrowing, and trading into a single, capital-efficient system.
MarginFi: Solana's Cross-Margin Lending Protocol Explained
MarginFi is a decentralized lending and borrowing protocol on Solana that enhances capital efficiency through a unified collateral system.
Kamino Finance: Automated Liquidity and Lending on Solana
Kamino Finance is a decentralized finance protocol on Solana that unifies lending, borrowing, automated liquidity provision, and leverage products.
Silo Finance: Isolated Lending Markets as a Risk Model
Silo Finance introduces a novel approach to decentralized finance lending by creating isolated markets for each asset, fundamentally altering how risk is managed within the protocol.
Term Finance: Auction-Based Fixed-Rate Lending in DeFi
Term Finance in DeFi refers to decentralized lending and borrowing platforms that offer fixed interest rates for a set period, often determined through transparent auction processes.
Notional Finance: Fixed-Rate DeFi Lending Explained
Notional Finance introduces fixed-rate, fixed-term lending and borrowing to the decentralized finance (DeFi) ecosystem. This innovation provides predictability and new strategic opportunities for crypto participants.
Maple Finance: Institutional On-Chain Lending Explained
Maple Finance is an on-chain credit marketplace connecting institutional borrowers with decentralized capital. It facilitates both undercollateralized and overcollateralized loans through professional credit underwriters.
Liquity Stability Pool: How Liquidations Are Processed
The Liquity Stability Pool serves as a vital defense mechanism, absorbing debt from liquidated collateralized debt positions to maintain the protocol's solvency.
Liquity V2 (BOLD): User-Set Interest Rates and Stability
Liquity V2 introduces BOLD, a decentralized stablecoin backed by ETH and Liquid Staking Tokens, featuring innovative user-set interest rates. This upgrade enhances flexibility and decentralization, allowing borrowers to control their costs.
Maker's Peg Stability Module: How DAI Maintains its Peg
The Peg Stability Module (PSM) is a core component of the Maker protocol designed to keep the DAI stablecoin's value consistently at one US dollar.
Sky Protocol and the USDS/SKY Rebranding of MakerDAO
Sky Protocol represents the evolution of MakerDAO, introducing the USDS stablecoin and the SKY governance token to enhance decentralized finance. This rebranding aims to deliver more scalable, resilient, and user-centric DeFi services.
The 2023 Euler Finance Flash Loan Exploit Analysis
The Euler Finance protocol suffered a significant flash loan attack in March 2023, resulting in the theft of nearly $200 million.