How Crypto Custody Actually Works
How crypto custody works: omnibus versus segregated accounts, qualified custodians, multi-party computation, and what actually…
Tag: risk
Oracle Design and Its Failure Modes
How DeFi oracles work and where they break: spot price manipulation, TWAP trade-offs, staleness, and why liquidity depth is the…
DAO Treasury Management, Honestly Assessed
How DAO treasuries actually work: native-token concentration, runway measured properly, the reflexivity problem, and the signals…
How DeFi Liquidations Actually Work
How DeFi liquidations work: health factors, liquidation bonuses, keeper incentives, and the conditions under which the mechanism…
Stablecoin Redemption Paths Under Stress
Why stablecoin risk lives in the redemption path rather than the peg: access tiers, minimum sizes, settlement timing and…