Sébastien DerivauxAlmost 50 flavors of crypto financeWhere suggest here a nomenclature of crypto-finance project to understand what decentralization mean.8 min read·Feb 17, 2023--1--1
Sébastien DerivauxStablecoins and currency boardsRethinking MakerDAO value proposition7 min read·Nov 5, 2022----
Sébastien DerivauxStablecoins: currency or credit?In this article, we will analyze the difference between money-like credit and a currency. Then we will try to understand how such a…4 min read·Sep 25, 2022--2--2
Sébastien DerivauxHow the crypto-banking system could reduce systemic riskThis article shows that liquidity pools, a basic construct of DeFi could create a more robust financial system by improving assets…4 min read·Sep 8, 2022----
Sébastien DerivauxThe Crypto Banking SystemThis article dives into the foundations that are needed to build a financial system on top of decentralized finance (DeFi). While there is…9 min read·Jul 6, 2022----
Sébastien DerivauxCrypto-banking differences with traditional and shadow bankingAnd do we need fractional or full-reserve banking in crypto?5 min read·Jun 19, 2022--1--1
Sébastien DerivauxCapital structures for DAOs in DeFiStructuring the liability side of balance sheets7 min read·May 19, 2022----
Sébastien DerivauxHow money worksThis article presents a simple and short case on why it is commercial banks and not the Fed that creates money and why it matters for…3 min read·Feb 28, 2022----
Sébastien DerivauxIntroducing ClearingDAO: a decentralized clearinghouse for stablecoinsThis article makes the case of the importance of DeFi stablecoin fungibility and provides initial thoughts7 min read·Feb 14, 2022----
Sébastien DerivauxThe history of a DAI at par valueStory of the DAI peg since December 2019. What can we learn from it? How did MakerDAO achieve price parity with $?12 min read·Dec 20, 2021----