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Protocol Analysis

A collection of 2 posts
intelligence

L2 MYTHS IN CRYPTO: DECENTRALIZATION THEATER AND CONTROL ARCHITECTURE

Layer 2s promised decentralized scaling. The reality: 95% of sequencers remain centralized, top 1% of token holders control 60% of votes, and $500M in annual MEV flows to operators. This isn't technical limitation—it's economic design embedding control vectors at every layer.
22 Oct 2025 6 min read
intelligence

DeFi Protocol Analysis

Strategic analysis of DeFi protocol economics, governance, and risk assessment. Coverage: lending markets, DEXs, liquid staking, cross-chain infrastructure. Focus on value capture mechanisms, governance dynamics, and institutional adoption in the $240B+ ecosystem.
18 Oct 2025 3 min read
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