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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.
Pendle Fixed Yield: Securing Returns with Principal Tokens
Pendle is a decentralized finance protocol that tokenizes future yield, allowing users to secure a fixed return or speculate on yield fluctuations.
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.
edgeX: Perpetual Futures DEX Architecture Explained
edgeX is a decentralized exchange designed for trading perpetual futures, combining the speed of centralized platforms with the security of self-custody.
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.
Gains Network (gTrade): Understanding Synthetic Perpetual Trading with DAI
Gains Network's gTrade is a decentralized platform enabling leveraged trading across various asset classes using a unique synthetic perpetual model.
Order Book DEXs vs. AMM Perpetual DEXs: Advantages and Disadvantages
Open the article for the full explanation.
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.
The Hyperliquid HLP Vault: Market Making Explained for Users
The Hyperliquid Liquidity Provider (HLP) Vault is a specialized fund on the Hyperliquid decentralized exchange that allows users to participate in automated market-making strategies.
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.