Summary: In this blog, we will discuss the importance of properly onboarding a DAO council and how it can set the foundation for a successful decentralized organization. …

How to Vote and How to Govern — Summary: In this post we discuss the importance of establishing governing and voting structures We provide a framework for establishing the appropriate structure Questions DAO founders should ask when establishing DAO governance and voting Differing voting structures — recognition that there is no perfect system Proposing a multi-layered approach to voting…

Over the past week, we keep uncovering the repercussions of mismanaged leverage — most notably the liquidation of 3 Arrows Capital (3AC). We could spend time arguing about market action and the impact of “whales” manipulating market prices to force it. The fact remains, if risk management were properly done…

Over the past week, I read many perspectives on Coinbase’s recent decision to reduce its workforce by 18%. Most seem to call out the company’s incremental announcements and decisions culminating in rescinded offers, and eventual layoffs. …

Over the weekend, we saw Celsius halt customer withdrawals and the crypto market has not reacted well. At the time of writing, ETH is down > 35% over the trailing week. Since the news, I’ve seen many posts, but most are about either : - Counterparty risks - “not your…

Earlier today a friend asked me a question about how blockchain/crypto fits into broader investment trends for TradFi investors. My friend is an IA and the genesis of the question was his desire to position his clients to participate from the big trends he sees over the next few years…

On Monday 19 July 2021, Grayscale became the latest to offer a Decentralized Finance (DeFi) investment product, the Grayscale DeFi Fund. This fund results from a partnership with CoinDesk, the provider of the CoinDesk DeFi index and a leader in crypto-related news. Through this new offering, Grayscale appears to be…

Recently, a friend who is new to crypto asked me if keeping their crypto on an exchange made sense. I counseled them that it depended on their level of comfort. It turns out, however, that our concerns were not the same. My concerns centered around custody and control but their…

For those of you that missed it, venerable Wall Street bellwether, Goldman Sachs (GS), quietly took a step that further solidifies Bitcoin as an institutionally acceptable investment. As per this Bloomberg article, GS recently began offering its clients a way to gain exposure to Bitcoin without buying the underlying asset…