Sign in Subscribe

Narrative

Your Stablecoin Can Be Censored, Your Low Volatility Asset Cannot

Your Stablecoin Can Be Censored, Your Low Volatility Asset Cannot

The Stability Illusion Stablecoins are the current allurement to crypto access. They are pegged to fiat dollar value, providing what seems like low volatility and an equivalent unit of account. They've enabled the expansion of decentralized finance (DeFi) capabilities, cross-border transactions, and on-chain savings accounts, in circumstances that

Connecting the Dots: How SPOT Embodies Low-Risk DeFi

Connecting the Dots: How SPOT Embodies Low-Risk DeFi

When most people think of crypto, aside from a funny memecoin, the first things that come to mind are risk and volatility. The crypto market operates 24/7 without as much regulation as traditional markets and allows prices to react instantly to news and speculation globally in real time. In

From TIPS to Tranching: LVAs Offer Bounded Volatility in a High-Risk World

From TIPS to Tranching: LVAs Offer Bounded Volatility in a High-Risk World

The global macro environment has reached an inflection point that traditional portfolio theory hasn't fully prepared us for. Policy uncertainty has spiked to 8.3 standard deviations above historical means, the dollar faces its most serious challenges since Bretton Woods, and institutional investors are discovering that correlation breakdowns

High Volatility < LOW Volatility > No Volatility: Down the Middle Solves the Riddle

High Volatility < LOW Volatility > No Volatility: Down the Middle Solves the Riddle

In the game of Doubles Tennis where both players cover each side of their respective courts, a shot that cuts through the middle often ends up winning the point. And so the saying goes: Down the Middle Solves the Riddle. However, no such winning strategy appears to exist in Finance.

What Could DAO Treasuries Accomplish with a Volatility-Bounded, Yield-Bearing Asset Class?

What Could DAO Treasuries Accomplish with a Volatility-Bounded, Yield-Bearing Asset Class?

DAO treasuries face a difficult balancing act. Generally speaking, DAO treasuries hold the ability to choose between two crypto asset classes: assets that feature high-volatility and those that feature (near) zero-volatility. High-volatility assets (like ETH or governance tokens) are usually decentralized but have significant price changes, making them very unreliable

Ampleforth & the Rise of Post-Sovereign Finance: elastic money and the future of DATs

Ampleforth & the Rise of Post-Sovereign Finance: elastic money and the future of DATs

Ampleforth’s elastic money powers SPOT, stAMPL, and DATs, delivering neutral collateral and low-volatility yield for post-sovereign, on-chain treasuries.

An etching shows a worn quarter on one side and a radiant digital coin on the other, symbolizing fiat reserves versus SPOT.

After the Great Inflation: Could SPOT Redefine Reserve Stability in a Fragmenting World?

Between 2019 and 2025, the global economy experienced what will likely be remembered as the most dramatic inflationary episode of the 21st century—at least so far. Inflation, long thought to be tamed in advanced economies, erupted from pre-pandemic stability at 2.2% in 2019, plunged briefly to 1.9%