Software engineer taking apart crypto mechanisms. I ask why until the maths makes sense, then write it down. DeFi, yields, and where the money actually comes from.
9 Oct 2026 9 minute read 0 comments Gauravtyagi $0.04
Every yield in crypto has a source. Once you know what it is, the numbers look very different. I was comparing staking options and found Cosmos advertising a staking return around 15%. Ethereum was offering around 2.6%. My first thought was the obvi...
28 Sep 2026 4 minute read 1 comment Gauravtyagi $0.04
$6.3 million just moved to Bitcoin in front of everyone watching, and nobody could stop it -- not because nobody tried, but perhaps because the most plausible response, a protocol-level address freeze, is not in their power. On 24 September 2026, Bi...
21 Sep 2026 5 minute read 1 comment Gauravtyagi $0.11
The promise of looping, MEV, and the one number that makes it all happen The promise of looping is simple to understand: take your yield-bearing liquid staking token (LST) collateral, borrow more tokens against it, and use that borrowed liquidity to...
17 Sep 2026 1 minute read 0 comments Gauravtyagi $0.13
The capital efficiency problem that Uniswap v3 was designed to solve Same pool as before. ETH at $2,000. 10 ETH + 20,000 USDC = $40,000, with k = 200,000. Now assume ETH spends the next six months in $1,800 and $2,200 — a ±10% band where realistical...
14 Sep 2026 4 minute read 0 comments Gauravtyagi $0.02
The arbitrage mechanism behind impermanent loss, and how your money gets drained by it There's a basic AMM question I struggled with for far too long. ETH trades at $8,000 on Binance. But the pool still prices it at $2,000. Someone can simply buy ch...
