Independent research on DeFi protocols using on-chain data.

Each article asks one question: PASS or INVEST?

Latest Research

Morpho - P2P Lending vs Pool Model

Verdict: INVEST

Pendle - Yield Markets in Low-Yield Environment

Verdict: WATCH

Term Finance - Fixed Rates, Wrong Timing

Verdict: WATCH

Research

Round 1

Aave

Base

Curve

DEX Aggregator

Ethena