Building a more democratic financial system | The future of digital money & market making, liquidity, financial stability. Economics Ph.D.
NYC
Joined June 2010
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Interesting and signals growing institutional adoption. ainvest.com/news/bitcoin-new…
I’m honored to be speaking at the @ownereconomy Summit on December 4th in NYC!
Register here 👉 eventbrite.com/e/2nd-annual-…
#OwnershipEconomySummit #FutureOfOwnership #OE2024
Use the discount code PreD20 for 20% off!
Sam Altman returns to OpenAI’s board after review finds firing was unwarranted via @FT
“There was simply a breakdown of trust between the board and Mr. Altman” = the art of saying nothing. Article sheds no insights on what happened! on.ft.com/49Kuiyw
"The standards are so opaque and arbitrary that the Commission itself is unwilling to stand by its own analysis"
sec.gov/news/statement/peirc…
Raphaele Chappe retweeted
JUST IN: Tim Buckley to step down as CEO of $7.2 trillion asset manager Vanguard.
Last month, Vanguard banned all #Bitcoin ETFs from their platform.
Raphaele Chappe retweeted
Did you guys hear about SRBs? I'm into options a lot and never saw that, it's like instead of buying an option you're buying right to make money in exact interval if some terms are met? If you have any other sources about this would appreciate sharing
Gonna dive into it deeper and will share more info about that and Blast eco soon, source: blog.devol.network/introduci…
Partially inspired by Arrow Debreu state contingent securities!
Our Automated Market Maker (AMM) innovates with a groundbreaking new financial primitive that can be assembled to price, trade, and settle any customizable financial payoff, including options & futures.
It's a leap forward for crypto options trading, asset pricing, and risk management in #DeFi.
Currently deployed on #solana with a bridge into #polygon, this innovation is the reason DeVol excels at trading multiple legs in a single execution at low cost w/ zero bid-ask spreads. 🤌
blog.devol.network/introduci…
Raphaele Chappe retweeted
Something's got to give.
Readers added context they thought people might want to know
This series is comparing nominal rents to real (that is, inflation adjusted) income. The difference in the series is largely because income is inflation adjusted but rent is not.
twitter.com/AColavi/status…
Decentralization is a spectrum. While true #DeFi may well be unregulatable because there is no one to hold accountable, hybrid approaches can combine the efficiency of DeFi protocols with regulatory safeguards
xreg.consulting/articles/why…
A decentralized DeFi protocol @DeVolNetwork w/ regulated centralized governance is one hybrid approach. This is Institutional DeFi, and is a winning paradigm when the finance industry tokenizes real world assets jpmorgan.com/onyx/documents/…
The case for tokenization of capital market instruments like US Treasuries, bank deposits, money market funds and repurchase agreements (repos) is higher in a 5% interest rate environment. coinbase.com/institutional/r…
Central banks are one step closer to using AMMs (constant-product) for FX transactions - may usher in large institutions adopting DeFi protocols coindesk.com/policy/2023/09/…
What is the volatility risk premium and how do you evaluate it for crypto options?
wire.insiderfinance.io/evalu…
When is QE inflationary? Feeling enlightened: brilliant must-read explanation from @LynAldenContact Somewhat painful but necessary balance sheet analysis of 1) the Fed, 2) banks, 3) non banks, 4) treasury. Thank you Lyn!
lynalden.com/money-printing/
5 - Treasury deficit spending financed though new Treasuries bought by the Fed increases both base money and broad money
6- Treasury deficit spending financed though new Treasuries bought by banks only increases broad money
3. The Fed buying Treasuries from non-banks increases both base money and broad money
4. Treasury deficit spending financed though new Treasuries bought by non-banks does not increase base money or broad money (!)