Crypto

Exchange Proof of Reserves: What the Reports Actually Prove

Exchange Proof of Reserves: What the Reports Actually Prove

Exchange proof of reserves (PoR) reports are meant to show that a centralized exchange holds the crypto it owes its customers, but most prove less than the headline suggests. A... Read More
Posted on By Chanuka Geekiyanage

Bitcoin vs Gold vs Stocks: Correlation Over Market Stress

Bitcoin is often sold as a hedge against stock crashes, but its correlation with stocks and gold tends to shift exactly when markets get stressed. This article compares how Bitcoin,... Read More
Posted on By Chanuka Geekiyanage
Bitcoin vs Gold vs Stocks: Correlation Over Market Stress
Crypto Portfolio Drawdown Analysis: Bitcoin, ETH, and Stablecoins

Crypto Portfolio Drawdown Analysis: Bitcoin, ETH, and Stablecoins

A crypto portfolio drawdown is the drop from your highest portfolio value to a later low, and it decides whether you hold through a bear market or sell near the... Read More
Posted on By Chanuka Geekiyanage

Ethereum ETFs With Staking: Fee and Yield Comparison

Six U.S. spot Ethereum ETFs now stake part of their ETH, but their fees and reward splits differ so much that the cheapest-looking fund is not always the best one.... Read More
Posted on By Chanuka Geekiyanage
Ethereum ETFs With Staking: Fee and Yield Comparison
Spot Bitcoin ETFs Compared: Fees, Custody, and Tracking Error

Spot Bitcoin ETFs Compared: Fees, Custody, and Tracking Error

Spot Bitcoin ETFs now charge anywhere from 0.14% to 1.50% a year, and the cheapest fund is not automatically the best one to buy. Fees, custody setups, and tracking error... Read More
Posted on By Chanuka Geekiyanage

Stablecoin Reserve Transparency: USDC vs USDT vs PYUSD Audits

Stablecoin reserve transparency is the difference between knowing a token is backed and being told it is. USDC, USDT, and PYUSD all claim 1:1 backing, but they prove it differently.... Read More
Posted on By Chanuka Geekiyanage
Stablecoin Reserve Transparency: USDC vs USDT vs PYUSD Audits
Reading a Tokenomics Doc: Vesting, Unlocks, and Dilution Math

Reading a Tokenomics Doc: Vesting, Unlocks, and Dilution Math

A tokenomics doc tells you who owns a token, when they can sell it, and how much new supply is coming, but most readers stop at the allocation pie chart.... Read More
Posted on By Chanuka Geekiyanage

Fee Switch Governance: Which Tokens Actually Share Revenue?

A fee switch is a governance setting that sends part of a protocol’s fees somewhere other than liquidity providers, and where the money lands decides whether a token is a... Read More
Posted on By Chanuka Geekiyanage
Fee Switch Governance: Which Tokens Actually Share Revenue?
Token Valuation With Protocol Revenue: P/S Ratios Across DeFi

Token Valuation With Protocol Revenue: P/S Ratios Across DeFi

Price-to-sales (P/S) compares a token’s market cap with the revenue its protocol keeps over a year, but DeFi revenue is not one number. The version you pick can move a... Read More
Posted on By Chanuka Geekiyanage

Restaking Operator Risk: Reading EigenLayer AVS Slashing Rules

Restaking operator risk is the chance that the operator you delegate to, or an AVS that operator serves, takes part of your principal through slashing. On EigenLayer, that risk comes... Read More
Posted on By Chanuka Geekiyanage
Restaking Operator Risk: Reading EigenLayer AVS Slashing Rules
Ethereum Staking Concentration: How Decentralized Is It Now?

Ethereum Staking Concentration: How Decentralized Is It Now?

Ethereum staking concentration is lower at the top than it was in 2023, but October 2026 data shows the risk has moved rather than disappeared. Lido holds about 21.5% of... Read More
Posted on By Chanuka Geekiyanage

Wallet Simulation Tools Compared: Rabby vs MetaMask Safety Checks

Rabby and MetaMask both try to stop you from signing a bad transaction, but they work differently, and the difference shows up when you approve a token spend or sign... Read More
Posted on By Chanuka Geekiyanage
Wallet Simulation Tools Compared: Rabby vs MetaMask Safety Checks
Perp DEX Funding Rates: Hyperliquid vs dYdX vs GMX Costs

Perp DEX Funding Rates: Hyperliquid vs dYdX vs GMX Costs

Funding is the cost most perp traders underestimate. A 0.045% taker fee looks small, but a position held for a week can pay far more in funding than it paid... Read More
Posted on By Chanuka Geekiyanage

Revoking Token Approvals: How Much Risk Do They Leave Open?

A token approval is a standing permission that lets a smart contract move a specific token out of your wallet. It stays active after you close the app, and many... Read More
Posted on By Chanuka Geekiyanage
Revoking Token Approvals: How Much Risk Do They Leave Open?
Cross-Chain Messaging Compared: LayerZero vs CCIP vs Wormhole

Cross-Chain Messaging Compared: LayerZero vs CCIP vs Wormhole

Choosing a cross-chain messaging protocol decides who can forge a message that moves your tokens, and in 2026 that question stopped being theoretical. After the April 18 Kelp DAO exploit,... Read More
Posted on By Chanuka Geekiyanage

On-Chain Credit Protocols: Default History and Lender Returns

On-chain credit protocols pay lenders 8% to 17% because lenders carry real borrower risk, and the default record shows how often that risk has turned into losses. Maple, Goldfinch, Centrifuge,... Read More
Posted on By Chanuka Geekiyanage
On-Chain Credit Protocols: Default History and Lender Returns
Private RPCs and MEV Protection: Do They Save Money?

Private RPCs and MEV Protection: Do They Save Money?

A private RPC sends your transaction straight to block builders instead of the public mempool, the open waiting area where bots can see pending trades and sandwich them. Setting one... Read More
Posted on By Chanuka Geekiyanage

MEV Losses on DeFi Swaps: How Much Do Retail Users Pay?

Most retail swaps never get sandwiched, but the ones that do lose money silently, because the worse price looks like normal slippage. Cointelegraph Research and EigenPhi estimate that sandwich attacks... Read More
Posted on By Chanuka Geekiyanage
MEV Losses on DeFi Swaps: How Much Do Retail Users Pay?
Delta-Neutral Basis Trade for Retail: Costs and Realistic Returns

Delta-Neutral Basis Trade for Retail: Costs and Realistic Returns

A delta-neutral basis trade means holding spot BTC or ETH and shorting the same amount in perpetual futures. Price moves cancel out, and you collect the funding payments that longs... Read More
Posted on By Chanuka Geekiyanage

Recursive ETH Staking Loops: Returns vs Liquidation Math

A recursive ETH staking loop deposits wstETH on a lending market, borrows ETH against it, stakes that ETH again, and repeats until the position reaches a target multiple. In late... Read More
Posted on By Chanuka Geekiyanage
Recursive ETH Staking Loops: Returns vs Liquidation Math
Aave Liquidations Explained Through Real On-Chain Events

Aave Liquidations Explained Through Real On-Chain Events

An Aave liquidation is the forced sale of a borrower’s collateral once a loan becomes too risky. It looks like a simple price-drop story, but three real events show otherwise.... Read More
Posted on By Chanuka Geekiyanage

Pendle PT Yields: Buying Fixed Rates Across Maturities

A Pendle principal token (PT) lets you buy a fixed rate by paying less than 1 today for a claim on 1 unit of an asset at expiry. The rate... Read More
Posted on By Chanuka Geekiyanage
Pendle PT Yields: Buying Fixed Rates Across Maturities
Tokenized Treasury Funds vs DeFi Lending for Idle Stablecoins

Tokenized Treasury Funds vs DeFi Lending for Idle Stablecoins

Tokenized Treasury funds and DeFi lending markets both pay yield on idle stablecoins, but they pay it for different reasons and fail in different ways. Treasury funds pass through short-term... Read More
Posted on By Chanuka Geekiyanage

Ethena USDe Yield: How Funding Rates Drive Returns

Ethena’s USDe pays yield through sUSDe, its staked version, and most readers assume that yield comes from perpetual futures funding rates. That was true for most of 2024 and 2025,... Read More
Posted on By Chanuka Geekiyanage
Ethena USDe Yield: How Funding Rates Drive Returns
Sky Savings Rate vs Aave USDC: Which Pays More Reliably?

Sky Savings Rate vs Aave USDC: Which Pays More Reliably?

Sky Savings Rate (SSR) and Aave v3 USDC supply are two common ways to earn a dollar yield onchain, but one rate is set by a governance vote and the... Read More
Posted on By Chanuka Geekiyanage