A closer look at Ethena's yield mechanics
How sUSDe stays funded when rates compress, and where the model breaks. Reference for position sizing around delta-neutral strategies.
DEFI
Regime reports, protocol deep-dives, and journal notes from the lab.
BTC holds 4H and 1D bullish but dominance is curling up for the first time in three weeks. Mid-caps with clean structure are the cleanest trades this week. Full report with setups, funding tables, and sector heatmap inside.
How sUSDe stays funded when rates compress, and where the model breaks. Reference for position sizing around delta-neutral strategies.
Funding/price divergence on BTC is printing cleaner signals in low-vol regimes. Backtest attached.
Where TVL is concentrating on Base, and which DEX venues carry tradable depth for mid-caps.
Short thesis looked clean on the 4H but 1W held the line. Process note for the journal.