The Carry Question: What Stablecoin Proceeds Need to Earn
What the yield section of the calculator can show — and what it cannot.By the time they sign with us, most borrowers have spent weeks thinking about
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Collateral Damage / The Pledge
Did You Think You Were Safe? DeFi Lending Exposed.
On April 19th, a hacker drained $292 million from Kelp DAO by tricking a cross-chain bridge into accepting a fraudulent instruction. Within hours, the stolen
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Collateral Damage / The Pledge
The Squeeze Trap: Bitcoin’s Coiled Spring Has Two Ends
Bitcoin's next move looks like a breakout. The setup makes it a trapdoor. Perpetual futures funding rates have run negative for 46 consecutive days —
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Stress Test
Borrowed Confidence: Restored Appetite for Leverage Is Threatening Bitcoin
Bitcoin's relief rally has restored appetite for leverage. But the trigger levels haven't moved. Bitcoin's recovery has done one thing with great efficiency: it's made
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Collateral Damage
The Perils of the Glass House
Crypto's obsession with transparency has given attackers a detailed map of the building. There is a certain faith embedded in the architecture of decentralized finance:
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