Enzyme allows asset managers to develop and deploy proprietary strategies within the burgeoning DeFi ecosystem. The protocol connects natively to other leading projects to do a bunch of different things with a huge number of ERC-20 tokens including swapping them, lending them, staking them, and using them to provide liquidity.

The money-lego nature of DeFi means that opportunities for profit can come and go in the time it takes to mine a block. For those Enzyme managers looking to programmatically capture such opportunities, it might be worth building a bot that executes their strategy on behalf of their Enzyme product.


Using MelonJS to trade programmatically on behalf of a Melon fund

Make sure your bot buys low and sells high.

The Melon Protocol has been designed to automate and simplify the boring parts of asset management. For about $50 in Ethereum gas, you can spin up a fund that will perform all of its own accounting functions, manage investments and redemptions, and enforce compliance mandates programatically. And since all of these actions are performed on chain, it’s 100% transparent and able to be audited. As a manger you can build an immutable track record to show your prowess, and as an investor you can have full confidence in the fund where you’re parking your assets.

The fun part of an…


As Lambda School is winding to a close, the format of the weekly sprint challenges testing our knowledge has quickly changed. There are no more heavily commented repos, no more step-by-step README.md files that lay out our path for the three hours of the challenge. Instead, the challenges pose a problem and give us free reign in interpreting it and writing code to solve it.

This week’s challenge was four and a half days long, and it’s the best example yet of this open-ended approach. On Monday, we forked and cloned the repo describing Conway’s Game of Life with instructions…


I did this. It was fine.

I’ve been keeping a close eye on what’s happening at Dharma for a while now. I love the idea of programmatically managed debt issuances. I know there are issues — covenants and the oracle problem, for one — but I think that if and when those issues are solved, you could get creative with tokenized structured finance in ways that you couldn’t with traditional equity. I actually low-key pitched building a Dharma underwriter for oil and gas mezz debt and drillcos to a broker dealer with whom I was interviewing for a totally unrelated…


I’m finishing up my second build week at Lambda School. This time around, I used React and Redux to build an app that ingested data from a back end server my teammates wrote in node.js. It was provided to them by the Data Science members of our team, who pulled it from the Yelp API.

^^ sign up with any un/pw combo you like.

The MVP specs were:

  • Data Science: do a sentiment analysis of every yelp review to arrive at a score for that review.
  • Front End: Build a React app that displayed the restaurants being reviewed, and could…


My First Experience with Augur

Apologies in advance — no pretty pictures or charts. And Medium is being a bit weird so no subtitle either. I’ll put a tl;dr up front to entice you instead.

Conclusions:

  • If something seems too good to be true, it is. I was lucky to get out flat-ish.
  • Augur’s complex resolution process, coupled with its total lack of clarity via the UI, makes it really unpleasant to use and in my view, inefficient as a hedging tool. …


Summarizing Chris Burniske’s “Bitcoin & Ethereum: Prices are Down More than the Fundamentals”

I’ve been meaning to take a trip into the hazy world of crypto network economics for a while now, and writing an I’ll Read It For You for the latest Chris Burniske post to make the rounds seemed like a good place to start. My thought in writing these summaries is that distilling the information presented by the experts into a shorter, more accessible post will force clarity of thought on my part. In the case of crypto network economics, however, clarity is an illusion; data is opaque and definitions are fluid.

I left this essay with an additional 8…


Summarizing Meltem Demirors’ “The Truth About the Crypto Crisis ’

Meltem Demirors’ post last week was a nice snapshot of the crypto industry at a moment in time. ‘Nice’ is of course figurative; at this particular moment in time it’s difficult to describe the crypto industry in terms that aren’t apocalyptic. With that in mind, Demirors does a good job of explaining, from the point of view of both investors and operators, how we got to where we are, what’s currently happening, and what the outlook is for the future.

How we got here:

You’ve read the fat protocol thesis. You’ve likely read why fat protocols are not an investment…


Yi Sun and Yang Zhan’s Privacy in Cryptocurrencies

Yi Sun and Yang Zhan are both PhDs in Math from MIT. They are both currently teaching and researching in various capacities, and in general seem very smart. That shouldn’t discourage you from diving into this essay, however, as they write in a super approachable fashion. If you’re feeling lazy, this is my tl;dr —

Yi and Yang set out to define privacy in the context of cryptocurrencies and blockchains as a set of design tradeoffs that fall along three axes: Privacy of Identity (who owns the addresses specific to a transaction), Privacy of Transaction Data (how much of a…


Haseeb Qureshi’s Why isn’t Bitcoin Banned Everywhere?

In the article above, Haseeb Qureshi, a partner at Metastable and a generally well-regarded and successful entrepreneur, wonders why, if Bitcoin is to live up to its calling as a destroyer of (sovereign) worlds, those same sovereigns have allowed it to survive this long, only lobbing a few regulatory salvos. His conclusion: sovereign governments do not see bitcoin as a threat.

Before landing there, he posits two other potential reasons.

  1. “All innovation is good innovation”. Maybe governments are allowing global experimentation with a technology capable of massive disruption of the current global power structure because they’re pattern matching with the…

Erin Koen

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