James Bachini

June 2023

  • FTX 2.0 ReLaunch

    FTX 2.0 ReLaunch

    FTX 2.0 is a proposed relaunch of the cryptocurrency exchange FTX.com, which filed for bankruptcy in November 2022. The FTX exchange was a profitable business, earning a small percentage from trading fees. However depositors funds were used to cover up losses from partner trading firm Alameda Research. Alameda also provided market maker services across all…

  • Raft Finance | DeFi Analysis Report

    Raft Finance | DeFi Analysis Report

    This DeFi analysis report for Raft Finance follows up on my analysis and investment in Lybra Finance. This is a write up of my internal research notes, this is not a sponsored post and I do not have any allocations at time of writing to Raft or the R stablecoin. Do your own research, not…

  • Can London Become A Crypto Hub?

    Can London Become A Crypto Hub?

    Earlier this week one of Silicon Valley’s largest VC firms Andreessen Horowitz announced it would be opening an office in London for their a16zCrypto arm. In this article we will look at how well positioned the UK is relative to the rest of the world to become a fintech capital and hub for the blockchain…

  • Lybra Finance | DeFi Analysis Report

    Lybra Finance | DeFi Analysis Report

    Lybra Finance allows stETH stakers to mint the eUSD stablecoin which has a 7.2% APY. This is a write up of my internal research notes, this is not a sponsored post however I have purchased an allocation of LBR Lybra Finance’s governance token in my personal portfolio. Do your own research, not investment advice. Update…

  • Raising Funds For Your Blockchain Project

    Raising Funds For Your Blockchain Project

    For founders looking to raise capital there are a number of options which we will explore in this article. Private Round A private round is where a founder will outreach and pitch their concept to investors in the space. For raises under $100k angel investors can provide initial funding to get a project started. For…

  • Prisma Finance | acUSD an LST backed stablecoin

    Prisma Finance | acUSD an LST backed stablecoin

    Prisma Finance is a DeFi project that aims to maximize the potential of Ethereum liquid staking tokens (LSTs). It introduces a stablecoin called acUSD, which is over collateralized by liquid staking tokens. The stablecoin is designed to be capital-efficient and offers additional incentives through integration with Curve and Convex Finance. This is a write up…

  • Assessing Smart Contract Security Auditors

    Assessing Smart Contract Security Auditors

    A smart contract audit can cost anything from $5,000-$250,000 USD. Within this range there is a wide range of services, some offer better value for money than others. In this article I will go through the options for founders looking to hire an auditor and some of the checks you can do to ensure you…

  • Proposer Builder Separation

    Proposer Builder Separation

    Proposer Builder Separation (PBS) is an Ethereum concept that aims to reduce relay centralization and redirect a proportion of MEV to validators staking Ethereum. In the current Ethereum network, validators are responsible for both proposing and building blocks. They are incentivised to coordinate with 3rd party MEV protocols which order the transactions in the blocks.…

  • Alchemix Self-Repaying Loans

    Alchemix Self-Repaying Loans

    Imagine a financial system where your loans automatically pay themselves off, interest-free and without the need for monthly repayments. Alchemix is a synthetic asset protocol run by community DAO. This is a write up of my research notes and is not sponsored in any way. I currently at time of writing have no stake in…

  • Mastering Volatility In Crypto Markets

    Mastering Volatility In Crypto Markets

    Volatility represents the degree of price fluctuation within a crypto asset, reflecting the magnitude of price changes over a given period. It is the source of both risk and opportunity, capable of testing the nerves of even the most experienced investors. Understanding the nature of volatility is paramount, for it is through this lens that…