DeFi
Understand the mechanisms, then explore their implications.
Aave lending pools and aTokens
Aave is a liquidity protocol deployed on multiple networks.
DeFi interest rates: APR and APY
Borrower interest funds supplier returns, after protocol allocations.
Collateral, LTV and liquidation thresholds
Loan-to-value limits the amount that can initially be borrowed against collateral.
Aave health factor and liquidation
The health factor is threshold-weighted collateral value divided by total debt value.
E-mode, isolation and flash loans
Efficiency mode permits parameter arrangements for defined groups of correlated assets.
AAVE governance and protocol risk
AAVE is associated with ecosystem governance, including decisions about supported assets, risk parameters and protocol evolution.
Liquidity pools and automated market makers
A liquidity pool holds assets under contract rules so users can exchange or borrow them.
Impermanent loss with a worked example
Impermanent loss measures how a liquidity-provider position differs from simply holding its initial assets as relative prices change.
Understand a DEX swap
A decentralised exchange can execute a trade through smart contracts and liquidity pools.
Supply, FDV and token unlocks
Tokenomics describes issuance, distribution, incentives and rights.
Hyperliquid: from order to execution
Hyperliquid combines HyperCore, which supports native trading functionality, with HyperEVM for general-purpose compatible contract execution.
Uniswap: why a larger swap changes the price
A swap does not need a person posting the opposite order.