Data-Driven Analysis of Cryptocurrency Markets, Kaiko

Kaiko

Data-Driven Analysis of Cryptocurrency Markets

Kaiko is the leading cryptocurrency market data provider for institutional investors and enterprises. We empower market participants with accurate, transparent, and actionable financial data to be leveraged for a range of market activities. Kaiko’s mission is to be the foundation of the new digital finance economy by serving as a single source for market information. Our mission is premised on the idea that high-quality data drives market efficiency and greater transparency throughout the industry. For each of our enterprise clients, we build custom data plans designed for a range of use cases.

Crypto

<ul><li>Last week, bankrupt crypto lender Celsius gained court approval to convert its altcoin holdings into more liquid BTC and ETH as part of its restructuring plan.</li><li>The company has reportedly moved some of its holdings to market maker Wintermute and stablecoin issuer Paxos.</li><li>As of end-March, Celsius held more than $2B in BTC, ETH and stETH and a mixed bag of liquid and illiquid altcoins, including $240mn of its own CEL token.</li></ul>

Last week, bankrupt crypto lender Celsius gained court approval to convert its altcoin holdings into more liquid BTC and ETH as part of its restructuring plan.The company has reportedly moved some of its holdings to market maker Wintermute and stablecoin issuer Paxos.As of end-March, Celsius held more than $2B in BTC, ETH and stETH and a mixed bag of liquid and illiquid altcoins, including $240mn of its own CEL token.

Celsius Liquidations Could Pressure Altcoin Markets

<ul><li>Curve Finance’s CEO Michael Egorov briefly found himself in the spotlight last week as Crypto Twitter spotted him depositing more CRV to Aave V2 in 3 large transactions worth a total of $35mn USD (represented by the orange plus signs below). </li><li>Currently, his position stands at nearly $200mn CRV deposited and $60mn USDT borrowed, making it one of the largest loans in DeFi history.</li><li>So, why is this significant? And what are the implications for Aave and CRV?</li></ul>

Curve Finance’s CEO Michael Egorov briefly found himself in the spotlight last week as Crypto Twitter spotted him depositing more CRV to Aave V2 in 3 large transactions worth a total of $35mn USD (represented by the orange plus signs below). Currently, his position stands at nearly $200mn CRV deposited and $60mn USDT borrowed, making it one of the largest loans in DeFi history.So, why is this significant? And what are the implications for Aave and CRV?

<ul><li>Last week, Binance announced that it would restrict trading of privacy tokens for users in France, Italy, Poland, and Spain starting June 26.</li><li>This follows similar de-listings by Huobi, OkCoin, Bithumb, and Upbit.</li><li>As the name suggests, privacy tokens are designed to allow users to transact anonymously, rather than pseudonymously.</li></ul>

Last week, Binance announced that it would restrict trading of privacy tokens for users in France, Italy, Poland, and Spain starting June 26.This follows similar de-listings by Huobi, OkCoin, Bithumb, and Upbit.As the name suggests, privacy tokens are designed to allow users to transact anonymously, rather than pseudonymously.

Credit/Macro/Crypto Analyst, Former Credit/MA PM

Rose Choy

<ul>
<li>In the latest inning of the crypto credit crisis, real world banks like Silvergate was shuttered making the on-and-off ramp of crypto to fiat more challenging.</li>
<li>Crypto lenders have already been decimated in the centralised lending space while DeFi lenders seem to trudge along - but are they the bastions of success? </li>
<li>We analyse what the current landscape means for the crypto lending industry and have a regrettable conclusion.</li>
</ul>


In the latest inning of the crypto credit crisis, real world banks like Silvergate was shuttered making the on-and-off ramp of crypto to fiat more challenging.
Crypto lenders have already been decimated in the centralised lending space while DeFi lenders seem to trudge along - but are they the bastions of success? 
We analyse what the current landscape means for the crypto lending industry and have a regrettable conclusion.


Crypto Lending Series #4: The Waste Land of Lending

<ul>
<li>The best design often goes unnoticed. DeFi lending and borrowing stalwarts Aave and Compound have proven themselves to be great design: critical for day-to-day functioning but largely taken for granted.</li>
<li>This becomes apparent when a competitor experiences an exploit, highlighting the reliability of Aave and Compound</li>
<li>When last we checked in on these protocols in December they were in a period of change.</li>
</ul>


The best design often goes unnoticed. DeFi lending and borrowing stalwarts Aave and Compound have proven themselves to be great design: critical for day-to-day functioning but largely taken for granted.
This becomes apparent when a competitor experiences an exploit, highlighting the reliability of Aave and Compound
When last we checked in on these protocols in December they were in a period of change.


Leveraging LSDs: The Next Era of Lending and Borrowing

United States

AAVE is a decentralised Finance (DEFI) protocol that allows users to borrow and lend crypto. Holders of AAVE get discounted fees on the platform and are allowed to vote on the future of the protocol

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Aave (XVV DAR CURNCY)

Celsius Liquidations Could Pressure Altcoin Markets

Last week, bankrupt crypto lender Celsius gained court approval to convert its altcoin holdings into more liquid BTC and ETH as part of its...

Kaiko

CRV, Aave, and the Art of Liquidation

Curve Finance’s CEO Michael Egorov briefly found himself in the spotlight last week as Crypto Twitter spotted him depositing more CRV to Aave V2 in...

Kaiko

The Fraught Future of Privacy Tokens

Last week, Binance announced that it would restrict trading of privacy tokens for users in France, Italy, Poland, and Spain starting June 26. This...

Kaiko

Crypto Lending Series #4: The Waste Land of Lending

With the shutter of Silvergate bank, the on-off ramp for crypto to fiat is severed. While the crypto lending space is already challenged, we...

Rose Choy

Leveraging LSDs: The Next Era of Lending and Borrowing

DeFi lending and borrowing stalwarts Aave and Compound have proven themselves to be great design: critical for day-to-day functioning but largely...

Kaiko

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