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Biturai Trading Wiki
The Biturai crypto encyclopedia: AI-assisted, data-informed, and continuously quality-audited.
Seigniorage-Style Stablecoins: Functionality and Risks
Seigniorage-style stablecoins aim for price stability through algorithmic supply adjustments rather than direct collateral.
How to Value Pendle PT Tokens Near Maturity
Pendle's Principal Tokens (PT) represent the principal portion of a yield-bearing asset, redeemable at a 1:1 ratio for its accounting asset upon maturity.
How to Participate in a DeFi Governance Vote
DeFi governance allows token holders to directly influence the future of decentralized finance protocols. Understanding the mechanics of voting and the associated risks is essential for effective participation.
Verifying DeFi Smart Contracts on Etherscan
Smart contract verification on Etherscan ensures that the deployed code matches the publicly available source code, enhancing transparency for users.
Fee Switch in DeFi Protocols: When Token Holders Earn Revenue
A fee switch is a mechanism in decentralized finance protocols that allows a portion of generated fees to be redirected to governance token holders or the protocol's treasury.
Market Capitalization to TVL Ratio as a Valuation Metric
The Market Capitalization to Total Value Locked (MC/TVL) ratio assesses a crypto asset's market value against the capital locked in its protocol, functioning like a crypto price-to-book ratio.
How to Interpret a Protocol's Total Value Locked (TVL)
Total Value Locked (TVL) is a fundamental metric in decentralized finance that quantifies the total capital deposited into a protocol's smart contracts.
Providing Liquidity to Curve's 3pool
Becoming a liquidity provider in Curve Finance's 3pool involves depositing stablecoins like DAI, USDC, and USDT into a smart contract.
Gauge Bribes as a Liquidity Provision Strategy
Gauge bribes are payments to governance token holders to influence their voting on liquidity pool reward allocations.
Native Bridging vs. Lock-and-Mint Bridges: A Comparative Analysis
This article explores the fundamental differences between native bridging and lock-and-mint bridge mechanisms in the blockchain ecosystem.
Oracle Risk in DeFi: When Bad Data Becomes Dangerous
Oracle risk in Decentralized Finance occurs when smart contracts make decisions based on inaccurate or manipulated external data. This can lead to significant financial losses and compromise the integrity of DeFi protocols.
Jupiter Perps and JLP Pool Interaction
Jupiter Perps enables leveraged trading on Solana, utilizing the Jupiter Liquidity Pool (JLP) as the counterparty for all trades.
Taxation of Yield Farming Returns: Fundamental Principles
Yield farming rewards are generally considered taxable income at their fair market value when received. Subsequent sales or swaps of these tokens trigger capital gains or losses, necessitating meticulous record-keeping for compliance.
LP Tokens: Understanding Liquidity Provider Tokens
Liquidity Provider (LP) tokens are digital receipts issued to users who contribute assets to decentralized exchange liquidity pools. They represent a proportional share of the pool's assets and accumulated trading fees.
Hot Wallets vs. Hardware Wallets for DeFi Use
Understanding the fundamental differences between hot and hardware wallets is essential for secure and efficient participation in decentralized finance.
Critically Evaluating APY Promises on Yield Platforms
Annual Percentage Yield (APY) in crypto is a variable projection of potential returns that includes compounding.
Utilizing DefiLlama: TVL, Yields, and Protocol Comparison
DefiLlama is a leading open-source data aggregator for the decentralized finance (DeFi) ecosystem, providing transparent, real-time information across numerous blockchains and protocols.
Tracking DeFi Portfolios with DeBank and Zapper
Managing decentralized finance (DeFi) investments across multiple protocols and blockchains can be complex. Tools like DeBank and Zapper simplify this by aggregating all your assets and activities into a single, comprehensive dashboard.
Account Abstraction (ERC-4337) in DeFi Wallets
Account Abstraction transforms traditional crypto wallets into programmable smart contracts, enabling advanced features like gas payment in any token and social recovery.
Money Markets Versus Peer-to-Peer Lending in DeFi
Decentralized finance offers various lending mechanisms, primarily distinguishing between pooled money markets and direct peer-to-peer lending.