finance

Fundamental concepts in finance including valuation, markets, derivatives, and capital management.

In 2021 I listened to Hayden Adams explain Uniswap on the Bloomberg Odd Lots podcast, and my life changed forever.

Let's say you're a developer working for an e-commerce retailer who sells fruit.

We've discussed the concept of and how developers use it to manage complexity and collaborate effectively.

American International Group (AIG) was founded in 1919 in Shanghai as a generalized insurance agency called American Asiatic Underwriters.

was founded as an equity trading house on May 1, 1923.

Trad-Fi, Trad-Business and Meat Space Entities

Before we understand modern central banking, we need to understand how we got here.

At the turn of the 21st century, American-brand capitalism was at its peak.

Our story begins in 1916 with the creation of the first (GSE), the Farm Credit System.

By definition, history does not begin nor end; everything comes from before, everything leads to something.

Lehman Brothers Holdings Inc.

Merrill Lynch, founded in 1914, grew to be the worlds largest securities firm by 1957.

Arbitrage - an opportunity to secure a guaranteed profit by identifying and exploiting an information discrepancy.

Bond A that pays $100 in 1 week  Bond B that pays $200 in 1 year

Practical definition of Money:  Money is a system of value that facilitates the exchange of goods in an economy.

refers to the efficiency or ease with which an asset can be converted into cash without affecting its market price.

Options are a contract between two parties to buy/sell an asset (in the future) using a fixed price and date.

(perps) were a concept developed in the 90s but not really tried until released crypto perps in 2016.

Applying a takes data (of arbitrary contents and size) and reduces it to a unique, compact string.

Consider a square with sides of length X. An increase in side length results in:

Has the depth and to allow for reliable and efficient international transactions Can be freely and easily exchanged for other currencies ...

Settlement is the "final step in the transfer of ownership, involving the physical exchange of securities or payment".

Alright, let’s talk product manufacturing cycles. At a super high level, here’s one one cycle looks like:

Options are a contract between two parties to buy/sell an asset (in the future) using a fixed price and date.

Deposit collateral, mint GHO. Burn GHO, reclaim collateral.

Some are called by the decentralization, others to become unrealistically wealthy; everyone has their reasons.

First, a metaphor: Let's say you have a really cool Lego boat... but you're kinda into that other girl's Lego Star Wars set.