
Riyad Carey is a Research Analyst at Kaiko and covers DeFi, lending and borrowing, and regulation. He can be contacted at riyad.carey@kaiko.com.
Stablecoin
31/08/2023 Deep Dive
Defining Depegs: A New Metric for Stablecoin StabilityThis week we present a novel method for measuring the severity of stablecoin depegs.
Written by Riyad CareyCEX
18/08/2023 Deep Dive
Where Has the Volatility Gone?This week we recap a slow summer, examining volatility, liquidity, and volumes.
Written by Riyad CareyCurve
03/08/2023 Deep Dive
Loans, Buy Walls, and OTC Deals: The Curve Finance ExploitCurve Finance is back as the center of attention in DeFi just a few weeks after CEO Michael Egorov’s large CRV-backed loans drew scrutiny. This time, however, the inciting incident was an exploit.
Written by Riyad CareyCEX
27/07/2023 Deep Dive
Breaking Down Worldcoin's LaunchWorldcoin’s launch was one of the most unique and controversial in recent years. Much of the controversy stems from the understandable skittishness with Worldcoin’s goal (creating a global identity network) and sci-fi-like methods of achieving this goal (eyeball scans). This has been nicely summarized by the MIT Technology Review here. I’ll instead focus on why this launch was unique by analyzing tokenomics, trading, and liquidity.
Written by Riyad CareyEthereum
06/07/2023 Deep Dive
Is stETH Liquid Enough?This week we examine stETH’s liquidity and leverage in light of its increasing usage on DeFi protocols.
Written by Riyad CareyLending
22/06/2023 Deep Dive
CRV, Aave, and the Art of LiquidationThis week we use lending and borrowing data to explore an extremely large position that raised some red flags last week.
Written by Riyad CareyBinance
08/06/2023 Deep Dive
The Data Behind the SEC's Big WeekThis week we’ll examine volume and liquidity data related to the SEC’s charges against Binance, Binance.US, and Coinbase.
Written by Riyad CareyLiquidity
25/05/2023 Deep Dive
LDO's Shifting Market Structure: Unveiling Asset MetricsThis week we are excited to reveal Kaiko’s brand new Asset Metrics product, which aggregates liquidity and volumes for all assets across all exchanges. Using LDO as a case study, we’ll show how this product is a game changer for understanding a crypto asset’s market structure.
Written by Riyad Carey