Research · Crypto

Infrastructure for money that runs on-chain.

Our crypto research covers the full stack, from the validators that secure networks to the treasuries and trading systems that run on top of them, with safety engineered in at every layer.

Research areas

01

Market microstructure

How perpetual futures markets behave, and how automated strategies can trade them without taking hidden risk.

02

Autonomous risk

Limits, circuit breakers and audit trails for systems that act on money without a human in every loop.

03

Self-custody treasury

Custody, payments and reporting for organizations that hold assets across many chains.

04

Validator operations

Running high-performance Solana validators, and open-sourcing the tools to do it.