Asa LiSep 11, 20234 minUniswap Governance UpdateIn this short note, we summarize our understanding of Uniswap's latest progress surrounding the fee switch.
Lydia WuSep 8, 202311 min Uniswap: Solid Fundamentals and Its Road to the Global Liquidity Layer This data-driven research is all about Uniswap's fundamentals and its road to an open global liquidity layer.
Asa LiAug 24, 20235 min(Over)simplified: Quantifying Frax the CRV Farm + Hype MachineTLDR Frax is essentially a CRV Farm that rewards TVL with CRV emissions. Frax pools currently control 35% of CRV emissions, we estimate...
Asa LiAug 16, 20237 minCounterpoint on Lido (LDO): Declining Momentum and Overshot Expectationsa short note on what we see as the worse-than-expected adoption of stETH and Ethereum Liquid Staking in general.