Stn @stan3web

Research Analyst @defillama_res Arcadia Joined July 2020

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Stn @stan3web

2 days ago

@defillama_res @variational_io 🫡🫡🫡

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DefiLlama Research @defillama_res

2 days ago

Every perp trade generates value. But who captures it? On most venues: → exchange collects fees → market makers collect the spread → traders generate the order flow Much of the economics leaves the ecosystem entirely. Can value leakage be designed away? @variational_io was born from the experiences @variational_lvs and @edward_yu_var had running prop trading firms across many major CEXs and DEXs. Their takeaway was just that: value generated by trading activity flowed to external intermediaries. That insight led to Variational's OLP model, which internalizes market making and keeps more of the economics inside the protocol.

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DefiLlama Research @defillama_res

3 days ago

What if payday were every second? LlamaPay by @DefiLlama lets contributors claim earnings as they accrue, turning salaries into continuous payment streams powered by smart contracts. Why payroll may be one of DeFi's most underrated use cases: defillama.com/research/spotl…

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DefiLlama.com @DefiLlama

5 days ago

Try tagging @llama to ask questions about crypto, DeFi, and market trends.

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Variational @variational_io

5 days ago

Thanks to DeFiLlama Research for covering Variational's broker-like model in their latest report! Give it a read to learn about Variational's unique ability to connect directly to off-chain liquidity sources and bring TradFi-grade execution on-chain.

DefiLlama Research @defillama_res

5 days ago

In Q1 2026, cumulative RWA perp volume grew 33x to $122B. Q2 totals already blew past +$200B. Our new report answers why @variational_io chose a brokerage model vs a CLOB, and what that means for meeting this growing demand: defillama.com/research/repor…

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DefiLlama Research @defillama_res

5 days ago

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Fully Vested Podcast by DefiLlama @FullyVested_Pod

6 days ago

Welcome to the Fully Vested Podcast by @DefiLlama. Telling the story behind onchain data. Our first episode focuses on Private Credit in DeFi and how it's attracting users that have never used crypto before. We sat down with the founders of two protocols that have each attracted hundreds of millions in deposits. Joined today by: @_ConorMoore, Co-Founder of @usdai_official @Benjamin918_, Founder of @CapApp Fully Vested co-hosts @patfscott and @defidave 0;00 Intro 3:12 Why does DeFi make sense for Private Credit? 7:05 Size of the opportunity. How do these platforms fix a problem with Private Credit? 12:30 How these platforms pitch themselves to users that aren't crypto native 16:40 What led these founders to build what they're building? 20:03 Traction of each platform and inflection points in growth 27:25 Where to learn more

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DefiLlama Research @defillama_res

6 days ago

DefiLlama's @0xngmi couldn't find decent software to manage company payments, so he built his own. LlamaPay streams salaries in real time, handles token vesting with zero admin keys, and counts Arbitrum, Curve, and CoW Swap as flagship users: defillama.com/research/spotl…

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DefiLlama.com @DefiLlama

a week ago

Recently the Banco de Portugal's Financial Stability Report cited DefiLlama. Around the world, when they need onchain metrics with a standardized methodology, central banks turn to DefiLlama data.

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DefiLlama Research @defillama_res

a week ago

x.com/i/article/2065…

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DefiLlama Research @defillama_res

2 weeks ago

Check it out: @DefiLlama has a newsletter. This week: → The SpaceX IPO is almost here; find out where to trade it onchain → DeFi TVL falls 8%; ETH liquid staking bears the brunt → Hyperliquid stablecoins grow 20%/30d vs heavy market-wide outflows newsletter.defillama.com

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DefiLlama Research @defillama_res

2 weeks ago

Public blockchains are glass banks. There's no names on the door, but every balance held, every transaction made, every wallet touches is public. Permanantly. @Starknet's STRK20 is the privacy architecture that puts that information back where it belongs: defillama.com/research/spotl…

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DefiLlama Research @defillama_res

2 weeks ago

Join us in 1 hour for our RWAfi Space! Ft. @DefiLlama, @SentoraHQ, @redstone_defi, and the DefiLlama Research analysts: x.com/i/spaces/1Oxwb…

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THORChain @THORChain

2 weeks ago

THORChain Incident Update #6 The next major step in the recovery process is now underway. Validators are being asked to review, approve, and prepare for the v3.19.0 upgrade, which contains the TSS security patches and ADR028 implementation designed to address the economic impact of the hack. One of the key additions in this release is a new mechanism that allows the network to quarantine compromised vaults. This ensures affected vaults can no longer participate in transaction processing while the network maintains full visibility over their activity. The recovery plan is as follows: 1/ Vote to approve release 3.19.0. 2/ Upgrade the network on Monday. 3/ Enable the Compromised Vault mimir to quarantine the compromised vault. 4/ Validate the ADR-028 store migration. 5/ Verify the integrity of every node's keyshares via the new temporary keyverify protocol. 6/ Unhalt signing. 7/ Initiate the churn. 8/ Wait for churn to finish 9/ Unhalt Secured and Trade assets 10/ Unhalt LP actions 11/ Unhalt trading If approved by validators, the upgrade is expected to begin tomorrow, bringing the network one step closer to a full restart.

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DefiLlama Research @defillama_res

2 weeks ago

The broader crypto market may have taken a dive recently, but RWA active TVL in DeFi continues to grow: +50% since May 1st, putting $1B worth of tokenized assets to work. Join us tomorrow as we chat about the State of RWAfi yesterday, today, and tomorrow: x.com/i/spaces/1Oxwb…

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DefiLlama Research @defillama_res

3 weeks ago

Join the DLR analysts on June 9th @ 11 AM EST as they dive into topics straight from the State of RWAfi Q1 2026 report: → Is RWAfi one market or many? → The rapid growth of tokenised stocks → What's happening in private credit → Permissioned vs permissionless RWA See you then!

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DefiLlama Research @defillama_res

3 weeks ago

The self-custody wallet is one of DeFi's most contested spaces, and for years has been built for 'hold token, swap token.' @TrustWallet new CEO @felix_fan thinks this is not enough and has a specific trader-focused vision in mind. More in this interview: defillama.com/research/inter…

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Stn @stan3web

3 weeks ago

@octralex @octra @DefiLlama 🫡🫡

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alex @octralex

3 weeks ago

An in-depth overview of the @octra bridge by @DefiLlama Research team is out. It covers how assets can move between public and private states, and not just chains. The bridge is becoming a standalone product, and also part of a broader EVM privacy stack being released gradually.

DefiLlama Research @defillama_res

3 weeks ago

Two components, one @octra thesis: > Bridge brings assets from Ethereum into encrypted state > Circles gives devs a private substrate to build apps inside that same environment Together, privacy is persistent infrastructure, not an anonymity pool: defillama.com/research/spotl…