§ 03 — THE STRATA
THE RESEARCH FILE
55 REPORTS ON RECORD — MIGRATED IN FULL FROM THE REPORTS ARCHIVE
2026-07-14
The Auction Goes Dark: ePBS, Binding Bids, and the Price of Certainty
ETHEREUM
2026-06-22
Who Builds the Block: Builder Economics, Order-Flow Segmentation, and the Prop-AMM Turn
DEXES
2026-06-07
Indicative vs. Firm: Where Swap Aggregators Hide Slippage
DEXES
2026-05-22
Stablecoins: From Pegged IOUs to Ungovernable Money
DEFI
2026-05-20
Propeller Heads: Tycho, Fynd, Turbine, and the Commoditization of the DeFi Trade Supply Chain
DEFI
2026-05-19
BuilderNet: TEEs, Shared Flow, and the Endgame of Imperative MEV Coordination
ETHEREUM
2026-05-12
Prop AMMs, Block Oracles, and Bebop's bopAMM Bet
DEXES
2026-05-09
State of Solana MEV: What Breaks First
DEXES
2026-04-30
The Safe Harbor That Matters: Developer Protections, Stablecoin Yield, and the Roman Storm Retrial
DEFI
2026-04-27
Security Councils and the rsETH Freeze: How Much Power Does an L2 Council Actually Have?
ETHEREUM
2026-04-20
Immutable Applications on Ethereum Mainnet
ETHEREUM
2026-04-20
Token-Warrant Economics and the Immutability Drift
ETHEREUM
2026-04-20
The rsETH Bridge Drain: LayerZero DVN Compromise, Aave Contagion, and a CROPS Audit — April 2026
DEFI
2026-04-15
Dalio vs Vitalik — An AI Debate
ESSAYS
2026-04-14
Competing with the Bots: Stack Analysis and Entrant Playbook for Telegram Trading, April 2026
DEFI
2026-04-13
The Phenomenology of Token Games
ESSAYS
2026-04-09
The Compute Pipeline: Auditing SemiAnalysis on Logic, Memory, and Power
MUSINGS
2026-04-07
Agentic Payments: Stitching Together x402, MPP, and AnomaPay
DEFI
2026-03-31
The Privacy Gap: Stablecoins, Payments, and the Missing Infrastructure Layer
DEFI
2026-03-31
The Bridge Across: Token-to-Equity Conversion and the End of the Governance Token Experiment
DEFI
2026-03-31
The Crypto Payments Stack: A First-Principles Survey of What Works, What Doesn't, and What No One Has Solved
PRIVACY
2026-03-31
Eyes Wide Shut: Mapping the Crypto Media Ecosystem
ESSAYS
2026-03-30
The Mechanism Spec: Designing L1-L2 Economic Coordination That Might Actually Work
DEXES
2026-03-30
Supervisory Report: Mechanism Design for L1-L2 Economic Coordination
MUSINGS
2026-03-29
The Composability Question: Is Synchronous Atomic Composability a Solution Looking for a Problem?
DEXES
2026-03-29
Products at the L1-L2 Boundary: A First-Principles Analysis of What Justifies Synchronous Composability
DEXES
2026-03-29
The Missing Treaty: What L1-L2 Economic Coordination Would Actually Require
DEXES
2026-03-29
Supervisory Assessment: L1-L2 Trade Agreements Thesis
MUSINGS
2026-03-25
Complex Adaptive Systems: The Meta-Framework That Explains Everything and Predicts Nothing
MUSINGS
2026-03-25
Gestalt Psychology: The Invisible Operating System That Builds Your Reality Before You Think
MUSINGS
2026-03-25
Network Theory: The Map That Became the Territory
MUSINGS
2026-03-25
Second-Order Effects: The Model That Watches Every Other Model Fail
MUSINGS
2026-03-24
Bayesian Reasoning: The Most Powerful Way to Be Confidently Wrong
MUSINGS
2026-03-24
Cybernetics and Systems Thinking: The Science of Control That Proved Control Is Impossible
MUSINGS
2026-03-24
Evolutionary Dynamics: The Algorithm That Runs Everything and Explains Less Than You Think
MUSINGS
2026-03-24
Game Theory: The Most Powerful Workshop Tool You Should Never Mistake for a Crystal Ball
MUSINGS
2026-03-24
Information Theory: The Most Powerful Mental Model You're Probably Misusing
MUSINGS
2026-03-24
Prospect Theory: A Partially Validated Diagnostic Framework Whose Policy Arm You Should Not Trust
MUSINGS
2026-03-24
The Ten Models: A Practitioner's Guide to the Frameworks That Actually Work
MUSINGS
2026-03-23
The Consensus Machine
MEDIA ECOSYSTEM
2026-03-20
The State of Zcash: Encrypted Money at an Inflection Point
PRIVACY
2026-03-18
The State of Intents: 2026
DEFI
2026-03-17
Application Design: Solana (SVM) vs. Ethereum (EVM) — A Builder's Perspective
ETHEREUM
2026-03-17
State of Monad: Architecture, Ecosystem & Open Questions — March 2026
DEFI
2026-03-16
Risk Labs Comprehensive Report: UMA Protocol, Across Protocol & ACX-to-Equity Conversion
DEFI
2026-03-16
The State of Private Credit Markets: A Comprehensive Analysis
TRADFI
2026-03-15
DIEM vs Direct API Pricing: The Economics of Tokenized Inference
DEFI
2026-03-06
State of the Ethereum L2 Ecosystem: March 2026
ETHEREUM
2026-03-04
State of Ethereum: March 2026
ETHEREUM
2026-03-04
The Future of DeFi Lending: Strategic Transformation Analysis
LENDING
2026-03-04
Comprehensive Lending & Borrowing Market Report: 2022–2026
LENDING
2026-03-04
DeFi Lending & Borrowing Market Projections: 2026–2029
LENDING
2026-03-03
Comprehensive DEX Market Report: 2022–2026
DEXES
2026-03-03
DEX Market Projections: 2026–2029
DEXES
2026-03-03
State of MEV: March 2026
DEXES