Practical analysis for investment professionals
decentralized finance (defi)
Digital Asset Markets: Five Important Themes
All risk assets face an uncertain macro future. But we can't forget the long-term asymmetric opportunity that digital assets may offer.
Valuing Digital Assets with TradFi Tools: Three Methods
Not all traditional investment management techniques are applicable to digital assets, but sector breakdowns, DCF models, and risk factor modeling are solid starting points.
DeFi-ing the Rules: Five Opportunities and Five Risks of Decentralized Finance
Campbell Harvey explains why DeFi has such transformative potential.