Writings

Summary Stablecoins are supposed to hold $1. When one breaks its peg, the damage doesn’t stay contained. Lending markets rely on price feeds that update slowly or not at all, so a collapsed coin keeps getting valued at full price, and automated systems keep lending against it. In March

DeFi has never been short on data. The problem is what happens to it. A curator can publish a detailed risk report on every asset they touch, and still watch the analytics show roughly five clicks a month against a strategy that hundreds of thousands of people are allocated to.

How Newton and Webacy Turn Risk Data Into Onchain Protection Blockchains are exceptionally good at one thing: moving value and recording it immutably, for anyone to audit. But there's a piece that got left out of the smart contract, the rules that govern whether money should move in

How Newton and RedStone Make Onchain Vaults Safe for Everyone Institutions are moving onchain in earnest, and the conversation has shifted from chasing yield to managing risk. But there is a gap that has held the market back: you can have the best risk data in the world, yet if

When we talk about a blockchain transaction, we usually picture the moment of settlement: money moving from one wallet to another. But settling a transaction between two parties is really just one part of it. There’s a lot that happens behind the scenes before a transaction can go through.

A policy layer that turns “the curator promises to follow the rules” into rules the vault itself enforces — on every action, before it executes. Whoever curates an onchain vault holds a remarkable amount of power. They decide how depositor capital is allocated across markets, which markets are enabled in the