The First Hour Of An Exploit: What Actually Preserves Capital
In most exploits, 54% to 93% of funds drain in the first five minutes. Here is the sequence of actions that has actually preserved capital when protocols break.
Charles Perrin
Why 15%+ Stablecoin Yields Historically Don't Last
Anchor's 19.45% APY, Celsius's 17%, and BlockFi's 8% all went to zero within months. Three mechanisms explain why yields above 15% collapse predictably.
Stablecoin Yield vs Money Market Funds: A Sustainability Comparison
Where stablecoin and money market yields actually come from, what can break each, and which delivers better risk-adjusted returns when you account for collateral quality and failure modes.
The Terms Can Change After You Deposit. Here Is Where To Look
DeFi protocols change fees, collateral factors, and emissions after you deposit. Governance votes on these changes days before they execute, if you know where to look.
Which Crypto Tax Tools Handle DeFi Correctly
Most crypto tax software handles exchange trades. Almost none handle rebasing LSTs, LP positions, or multi-chain DeFi correctly. Here is what each platform actually documents.
How Ethena's Yield Works (And Why It Might Not Last)
Ethena's sUSDe pays 7% APY through a delta-neutral basis trade. The yield comes from funding rates, staking rewards, and T-bills - but October 2025 proved what happens when the mechanism flips.
How To Check If A Crypto Team Has Shipped Before
Pseudonymous with a verifiable build history is a different risk from anonymous with none. Here is how to check GitHub commits, prior outcomes, and position sizing.
Koinly vs CoinLedger: A Documented Comparison
Koinly and CoinLedger compared on integration counts, DeFi position handling, pricing tiers, free tier limits, supported jurisdictions, and documented gaps.
Low Cap vs Large Cap: What The Risk Actually Is
Most small-cap tokens never recover their peak values. This comparison examines drawdown depth, liquidity, recovery rates, and position sizing across market cap tiers.
Essential Beginner Guide to Smart Crypto Investing
A clear beginner guide to crypto investing, covering budgets, coin research, wallets, exchange fees, taxes, risk checks, and a simple monthly routine.
Restaking Yields Explained: Where The Return Comes From
Restaking yield stacks three layers: base staking, AVS payments, and points programs. Each has a different source and failure mode. Here is what happened the last time TradFi tried this.
Writing An Exit Condition Before You Buy
If the reason to hold cannot be written as something that could be proven false, it is not a thesis. Here is what to measure, and at what level to act.
Does The Token Actually Earn Anything?
A protocol earning $2M a year does not mean its token does. The two questions are separate and most projects deliberately blur them. Here is how to check.
Liquidity Depth: Can You Actually Sell That Token?
Daily volume measures activity, not exit capacity. For small caps, the question that matters is whether the pool can absorb your position without collapse.
Borrowing Against Crypto Instead Of Selling: The Real Cost
Borrowing defers tax but introduces liquidation risk. The LTV that looks safe at 50% becomes dangerous after a 40% drawdown. Here is what breaks a crypto loan.
How To Read A Token Unlock Schedule
Token unlocks create predictable sell pressure. Here is how to read vesting schedules, estimate dilution risk, and time positions around the supply events most buyers never check.