Market Structure
4 field notes on market structure.
Open category →Altcoin Derivatives Field Notes
Research for reading the risk engine
Ten long-form guides on perpetuals, funding, leverage, options, asset-specific markets, brokerage access, wallets, DeFi, and staked collateral.
Assets & Protocols
3 field notes on assets & protocols.
Open category →Risk Management
1 field notes on risk management.
Open category →Platforms & Custody
2 field notes on platforms & custody.
Open category →All articles
Complete research library
Every field note contains 1,200–1,600 words, a custom 1200 × 1200 image, internal reading paths, and one authoritative outbound source.
Staked Assets in Derivatives: LST Collateral, Yield and Depeg Risk
Learn how liquid staking tokens and restaked assets interact with derivatives, including yield, basis, haircuts, slashing, redemption queues, liquidity, and liquidation risk.
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DeFi Perpetuals: Oracles, Collateral and Smart-Contract Risk
Understand the architecture behind decentralized perpetuals, including wallets, smart contracts, oracles, liquidity models, collateral, liquidations, governance, and transaction execution.
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Brokerage Accounts vs Derivatives Wallets: Custody and Access
Compare broker-accessed futures, centralized crypto accounts, and self-custody DeFi wallets across custody, collateral, settlement, security, eligibility, and operational risk.
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50x and 100x Leverage: Liquidation Math Before the Trade
See why advertised leverage is not a risk budget, how maintenance margin and fees shrink the cushion, and how collateral, mark prices, and liquidation engines shape the real outcome.
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Altcoin Options Guide: Calls, Puts, Greeks and Implied Volatility
A practical guide to option payoffs, premiums, strikes, expirations, Greeks, implied volatility, skew, spreads, and the liquidity questions that matter before trading.
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Solana Derivatives: Liquidity, Fees and Execution Risk
Learn how SOL perpetuals, futures, and options interact with liquidity, network execution, oracle design, collateral, and liquidation mechanics.
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Ethereum Derivatives: Futures, Options and Staked ETH Exposure
A structured guide to ETH futures, perpetuals, options, reference prices, staking-linked collateral, and the event risks that can break an otherwise reasonable hedge.
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Bitcoin vs Altcoin Derivatives: Liquidity, Volatility and Basis
Compare benchmark depth, volatility, funding, options markets, correlation, and hedge quality before using bitcoin derivatives as a proxy for altcoin risk.
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Perpetual Futures Funding Rates: How the Mechanism Works
Understand why perpetual swaps use funding, how positive and negative rates are interpreted, and why timing, basis, fees, and crowding can overturn a simple carry trade.
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What Are Altcoin Derivatives? Futures, Perpetuals and Options Explained
A practical introduction to futures, perpetual swaps, options, collateral, settlement, leverage, and the risks that distinguish derivatives from spot tokens.
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