Archive: centralized exchanges
By Vin Narayanan on January 27, 2023
One of the trickier elements of crypto portfolio construction is knowing when to diversify and when to double down on elements that are working. In order to be successful, you have to do both. For the past 12 months, we’ve focused mostly on diversification. We needed to add exposure to decentralized finance (DeFi), interoperability protocols, decentralized exchanges (DEXs), and more. Last month, we doubled down when we added GMX as our second DEX position.
By Vin Narayanan on December 22, 2022
There are many things we can learn from the FTX debacle. First, and most importantly, FTX’s core problems had little to do with crypto. Fraud, mismanagement, hubris and lack of board oversight — among other things — created an unnecessary crypto crisis where…