Research Pillars
Our research is organized around six foundational topics. Each pillar represents a deep area of expertise in institutional DeFi lending.
Isolated Lending Markets
How isolated market architecture eliminates cross-collateral contagion and enables permissionless risk parameters.
Negative Borrow Rates
How negative borrow rates emerge in DeFi lending markets and what they mean for capital allocators.
DeFi Lending Risk
A comprehensive taxonomy of risks in DeFi lending — smart contract, oracle, liquidation, and governance risk.
LRT Collateral
A risk framework for using liquid restaking tokens as collateral in DeFi lending markets.
Stablecoin Collateral
Stablecoin collateral methodology — haircuts, yield-bearing stablecoins, and optimal lending strategies.
Institutional DeFi
A primer for institutional allocators — hedge funds, family offices, and DAO treasuries entering DeFi lending.