Research tracks
A library should have a point of view.
These tracks are not categories for their own sake. They are a reading order designed to turn scattered DeFi concepts into a usable model.
01 / Foundations
Foundations
The vocabulary and first principles behind liquidity pools, AMMs, LP tokens, and TVL. Start here if you want the mental model before the market commentary.
- What Is a Liquidity Pool? A Clear Guide to DeFi Market Depth
- Automated Market Makers Explained: The Engine Behind AMM Pools
- The Constant Product Formula: How x × y = k Shapes AMM Prices
- AMM vs. Order Book: Two Ways to Organize a Market
- Liquidity Pool Tokens Explained: What an LP Position Represents
- TVL Explained: What Total Value Locked Can—and Cannot—Tell You
02 / LP Mechanics
LP Mechanics
A liquidity position is a set of rules, not a passive deposit. Learn how fees, ranges, curves, and stable pools shape the result.
- How to Provide Liquidity: A Mechanism-First Walkthrough
- Liquidity Provider Fees: How LP Revenue Is Generated and Measured
- Concentrated Liquidity Explained: Range, Capital Efficiency, and Risk
- Range Orders on AMMs: How Liquidity Can Express a Price View
- Stablecoin Liquidity Pools: Efficient Curves, Depeg Risk, and Due Diligence
03 / Risk & Research
Risk & Research
Every pool expresses a collection of risks. These guides help distinguish price exposure, protocol exposure, incentive risk, and execution conditions.
- Impermanent Loss Explained: Rebalancing, Relative Price, and LP Outcomes
- Liquidity Pool Risks: A Complete Framework for LP Due Diligence
- MEV and Liquidity Providers: How Execution Conditions Affect LPs
- Cross-Chain Liquidity Explained: What Moves, What Fragments, and What Can Break
- How to Evaluate a Liquidity Pool: A Five-Part Research Framework
- Onchain Liquidity Metrics: What to Measure Beyond TVL and Volume
04 / Advanced
Advanced
Move from individual positions to market structure: liquidity incentives, cross-chain routing, onchain metrics, and AMM market making.