PinnedAlan AuWhy did Celsius Network fail? —a deep-dive into Celsius’ Chapter 11 filingWe look into Celsius’ business model, cover some of the related stories, and lay out some of the important lessons learnt from its failure.Aug 2, 2022Aug 2, 2022
PinnedAlan AuTerra UST’s best move so far, BTC reserve — stablecoin UST mechanism explained, part 1How the virtual AMM liquidity pool worksApr 13, 20221Apr 13, 20221
PinnedAlan AuAlgorithmic stablecoin USDN de-pegging? Neutrino Protocol / USDN / Waves deep-divethe pegging mechanism of USDN on Waves Blockchain and how the collateralize stabilization mechanism works using NSBTApr 8, 2022Apr 8, 2022
PinnedAlan Au20% Yield? Lunacy or Brilliance? Part 2 — Deep-dive into Anchor protocol’s business modelIncentives of each player in the Anchor protocol ecosystem — depositors, borrowers, liquidators and ANC liquidity providersApr 4, 2022Apr 4, 2022
PinnedAlan Au20% Yield? Lunacy or Brilliance? Part 1 — Deep-dive into Anchor protocol’s business modelAnchor protocol has become one of the most popular high yield platforms in the past one year. Since its launch a year ago (on 3/17/2021)…Apr 4, 2022Apr 4, 2022
Alan AuCelsius bankruptcy follow-upOn 8/14/2022, Celsius published additional information to disclose (a) the monthly cash flow forecast, (b) breakdown of assets and…Aug 22, 2022Aug 22, 2022
Alan AuStablecoin UST mechanism explained, part 2Over the past 2 days, we saw tremendous volatility of both Luna and UST price triggered by the general risk-off sentiment in the risky…May 9, 20221May 9, 20221
Alan Au20% Yield? Lunacy or Brilliance? Part 3b — Deep-dive into Anchor protocol’s business modelRisks and mitigationsMar 28, 2022Mar 28, 2022
Alan Au20% Yield? Lunacy or Brilliance? UST de-pegging risk? Part 3a- Deep-dive into Anchor protocolWe are going to cover the previous IRON/TITAN incident, and its indication to potential UST design risk and how oracle price mechanism…Mar 24, 2022Mar 24, 2022
Alan AuDecentralized Exchanges RiskThis is the last part of the DEX series. In the previous blog posts, we talked about the different types of decentralized exchanges and the…Feb 18, 2022Feb 18, 2022