The overlap between traditional finance and on-chain systems. Option pricing with the Black-Scholes model, credit derivatives such as credit default swaps, and accounting itself, including how a multi-chain protocol keeps a general ledger on-chain.
A small category by count, and one that overlaps heavily with DeFi.
5 posts
BIO tokenomics on 18 Sept 2026: 3.32 B fully minted, 2.15 B circulating, 0.91 B vesting on-chain, veBIO locks, unlock pace, and no revenue path to the token.
2026, Sep 18 —
How Centrifuge implements real double-entry accounting in Solidity - debit-normal accounts, balanced journals, cross-chain snapshots, and the NAV and share price derived from them.
2026, Aug 18 —
A technical walkthrough of the 1973 Black-Scholes paper - the no-arbitrage hedging argument, the option pricing differential equation, its closed-form solution, and the reading of corporate liabilities as options.
2026, Jul 18 —
A simple guide to the Black-Scholes model - what an option is, why pricing it was a hard puzzle, and how two clever people solved it, explained with everyday analogies for curious readers.
2026, Jul 18 —
A Credit Default Swap (CDS) is a financial derivative that functions as a form of insurance against the default of a borrower.
2025, May 30 —
