Carolina 🟪
@GoldDefi
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Advisory Analyst @BlockworksAdv | prev @threesigmaxyz
Lisbon
Joined October 2021
New Blockworks site is live! Now data-first with everything you need in one place 💜
BIG NEWS. The Blockworks website has evolved: yesterday we were the home of news, today we are the home of onchain data. Head over to the site to see for yourself, but here's a little snippet of what you can expect: 1. Sector leaderboards (chains, DEXes, borrow lend, DATs,
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This is why we created the TTF the problem: tokens used to mean alignment - but now the token and the business aren't always the same thing @sparkdotfi is aligned with token holders here is their filing
From now on, all ICOs should disclose equity structures, not just tokenomics. Buying tokens without knowing who owns the company and where value accrues is blind investing. If a project hides its equity setup, it deserves community pushback.
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This is an important read for anyone concerned about the present or future of on-chain capital allocation and credit Very grateful to have had the opportunity to read a pre-print and offer some comments from @WildcatFi’s perspective Have a look when you get a chance
We're excited to share our first paper on decentralized credit, published on Arxiv. It documents the shift from DAO-governed lending protocols to modular ERC-4626 vaults, and why that changes where risk actually lives in DeFi. (link for the report at the end)
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Our first paper on credit risk is out! We're digging deeper with in-depth quantitative work on modular lending risk, ultimately trying to inform and elevate the industry and its risk standards as well as advocating for more transparent analysis.
We're excited to share our first paper on decentralized credit, published on Arxiv. It documents the shift from DAO-governed lending protocols to modular ERC-4626 vaults, and why that changes where risk actually lives in DeFi. (link for the report at the end)
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Fluid is now live on the Blockworks Lending Sector Dashboard. You can now track Fluid alongside Aave, Morpho, Spark, HyperLend, and JupiterLend — with standardized metrics on deposits, borrows, utilization, financials, and interest rates. Shoutout the legend @troyharris__ for
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Proud to be part of the mission to professionalize crypto with IR, starting with Lightspeed. Protocols are publicly traded within years of launch, yet most lack dedicated IR functions. Investors need clarity. Teams need time and tools. The industry really is growing up.
1/ INTRODUCING LIGHTSPEED Our investor relations platform built with Solana. Now more than ever, institutions want to buy our tokens. But until now, we’ve made it tough. That changes today.
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Announcing the addition of Curator and Interest Rate tabs to our Morpho Dashboard! The new curator tab provides an in depth look into the largest vaults managed by top curators, Steakhouse Financial, Gauntlet, and SparkDAO. For each curator we show metrics on their top vaults
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Nothing like analysis backed by data to answer all your buyback questions! shoutout to @mathy_research
Should Spark use SubDAO USDS to buy back $SPK? And if so, when? SAEP-06 proposes a rules-based policy. As part of our risk work with @sparkdotfi, we backtested the framework and provide forward looking scenarios to understand the impact of this proposal. Here's what the data
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Spark has proven resilient in face of the recent DeFi instability Yet this protocol is misunderstood even by DeFi pros Let’s see how Spark works and how it manages risk 🧵
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always a pleasure working with @EffortCapital @GoldDefi @SilvioBusonero and the rest of the @BlockworksAdv team! happy to have them in our corner on the @sparkdotfi risk council as we continue our efforts to advance low risk defi 🤝
We're very happy to officially announce that Blockworks Advisory is part of the @sparkdotfi Risk Council! What does this mean, and what have we been working on? 🧵
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One more BIG reason to be proud of Blockworks Advisory 💜 very happy about the risk team we're building and excited to expand alongside amazing teams like @sparkdotfi
We're very happy to officially announce that Blockworks Advisory is part of the @sparkdotfi Risk Council! What does this mean, and what have we been working on? 🧵
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So excited to be working with @mathy_research 💜
The @BlockworksAdv team continues to grow! Please welcome @mathy_research - PhD in Financial Economics by day, onchain degen and resident DJ in your local German club at night. She has built an impressive rolodex of protocol clients as a freelance quant research consultant and
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How can chains actually generate sustainable revenues? @ethena_labs is leaning into white-labeled stablecoin products for major blockchains due to their revenue potential. These products will provide a new revenue driver for chains but come with tradeoffs, explains @gdog97_
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.@HyperliquidX made $20.49M USD in revenue on October 10th Over the past week, the chain made $40.8M USD in revenue, around $2.12B USD annualized. In August and September, the chain made $193M USD in revenue, $1.16B USD annualized.
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Hyperliquid offers a “real opportunity to bring on institutional capital,” @BlockworksAdv’s @GoldDefi says
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Yesterday’s market wipeout was the sharpest volatility shock of the year. Spot markets tanked, open Interest collapsed, and $850B in total crypto market value evaporated. We looked at how @ethena_labs's USDe handled this event. 🧵
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Step by step, we’re helping lay down the foundations of risk frameworks for the industry. This synergy between powerhouses @aave and @ethena_labs is one of the most relevant to follow. You'll see us contributing more and more to keep DeFi safe and efficient through our risk work!
How much of @ethena_labs’s liquid backing can safely be deployed on @aave without risking redemption capacity? We built a dynamic stress-testing framework to find out. Here’s what we learned 👇
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