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Member-submitted guides and essays
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Infrastructure1 min
A gentle intro to intent-based trading
Intents flip the model: you sign what you want, solvers compete to deliver it. This note maps intents back to the classic request for quote desk and shows wh…
Esoteric1 min
The economics of getting sandwiched (and how to stop)
A from scratch walk through a sandwich bundle, the searcher's P&L, and exactly which slippage setting makes you a target. Anatomy A searcher front runs your…
Modern Frontier1 min
What an oracle-free lending market would actually need
Every lending hack of the last cycle traces back to a price feed. A thought experiment: could you build a margin system that never trusts an external oracle?…
Esoteric1 min
LVR is the number IL was hiding from you
Impermanent loss measures the wrong baseline. Loss versus rebalancing prices what arbitrageurs actually take from LPs each block — and it is consistently lar…