Series - Applied Path
Paid-Applied
Series - Applied Path
Structural Red Flags
An applied framework for identifying structural red flags across liquidity, custody, leverage, incentives, settlement, and governance before outcomes change.
Series - Applied Path
Governance Under Stress
Paid-Applied
Settlement Risk in “Fast” Systems
An applied analysis of settlement risk, explaining why speed does not equal finality and how risk is deferred in “fast” systems.
Series - Applied Path
Incentives in Market Making
An applied analysis of market making incentives, explaining why liquidity provision is conditional and why it disappears simultaneously under stress.
Paid-Applied
Protocol Liquidity vs Token Liquidity
An analysis of why liquidity at the protocol level can diverge sharply from token liquidity, and how that gap creates hidden risk during periods of stress.
Paid-Applied
Leverage Without Transparency
An applied analysis of how leverage hides within modern financial systems and why liquidity stress exposes it abruptly.
Paid-Applied
Stablecoins Through the Liquidity Lens
An applied analysis of stablecoins through the Liquidity ≠ Solvency framework, focusing on redemption mechanics, timing mismatch, and behavior under stress.
Paid-Applied
Applying Custody ≠ Ownership to Asset Access
An applied analysis of how custody risk manifests across exchanges, custodians, funds, wallets, and protocols when access matters most.
Paid-Applied
Applying Liquidity ≠ Solvency to Modern Financial Systems
An applied analysis of the Liquidity ≠ Solvency framework across banks, funds, ETFs, stablecoins, and protocols.
Frameworks
Framework - Settlement Speed vs Settlement Finality
A framework examining the tradeoff between settlement speed and settlement finality, and how design choices affect risk and trust in blockchain systems.