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The Pledge

The Pledge
The Pledge

The Carry: What Should Stablecoin Proceeds Earn?

By the time they sign with us, most borrowers have spent weeks thinking about collateral, LTV, and margin mechanics. Fewer have a plan for where the stablecoin proceeds go...
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Collateral Damage / The Pledge

Did You Think You Were Safe? DeFi Lending Exposed.

Three Weeks of Social Engineering, Twelve Minutes to Drain.
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Short Squeeze
Collateral Damage / The Pledge

The Squeeze Trap: Bitcoin’s Coiled Spring Has Two Ends

Perpetual futures funding rates have run negative for 46 consecutive days — the longest such streak since the wreckage that followed FTX's collapse in late 2022.
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Recent Posts

  • Critical Risks in Accepting Tokenized Assets as Collateral
  • After mNAV: The Bitcoin Treasury Model Under Siege
  • The Carry: What Should Stablecoin Proceeds Earn?
  • Did You Think You Were Safe? DeFi Lending Exposed.
  • The Squeeze Trap: Bitcoin’s Coiled Spring Has Two Ends

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  • Collateral Damage
  • Stress Test
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Obsidian Black ("Obsidian") is a brand operated by Obsidian Black Financial Services Inc. The information provided on this website is for informational purposes only and does not constitute investment, legal, tax or financial advice, nor an offer or solicitation to buy or sell any financial instrument or digital asset.

Obsidian does not provide custodial services or operate a trading venue. Services are offered exclusively to institutional and eligible counterparties, subject to applicable laws and jurisdictional restrictions.