DeFi Education
Leading paid crypto newsletter covering the key protocols, companies, and onchain trends serious investors and operators need to understand.…
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DeFi education, yield farming, on-chain code and degen research. 5 publications, newest posts first.
Leading paid crypto newsletter covering the key protocols, companies, and onchain trends serious investors and operators need to understand.…
A deeply autistic exploration of Ethereum and building automated trading bots with Python, Rust, and AI.
Generating passive income in Decentralized Finance
Protect your bags, and get hired in crypto.
Recent content on Bowtied Devil

Welcome Avatar! It’s now time for our bi-weekly Q&A! We’ll be taking your questions on everything DeFi - technology, security, protocols, airdrops/farming, app tokens, and “how-to”. Please aim to get your questions in within 48…


Welcome Avatar! We talked about speculative excess in our last post. Today we’ll talk about how to actually identify periods where the risk/reward profile of coins has gone too far in one direction. This should help inform when…


Welcome Avatar! Picking apart valuations in crypto is a core focus here at DeFi Education. Why is one token worth $1 billion and another is worth $100 million even when the underlying protocol does pretty much the same thing?…


For the last few months I’ve been seeing banteg talking about video game decompilation. This was a fun curiosity but I didn’t pay much attention since I’m not a gamer anymore. But the last few months have brought a series of…


Welcome Avatar! Market Context Crypto markets had a rough two weeks with BTC dipping sub-$80K on Oct 15 before recovering. ETH and most alts underperformed. BTC ETFs saw $229 million in outflows from Oct 12 - 16 then $309 million…


Welcome Avatar! Today’s post is a hotly requested AI L1 protocol called Pearl (PEARL/PRL). The token is up 70% in the last 30 days. Note that this is different from Perle, an AI data platform that also uses the PRL ticker. Pearl…


Welcome Avatar! Imagine a casino where every time you lose money, the casino gives you a small claim on the money its future customers will lose. You can get cash distributions on that claim and even sell it to someone else one…

Welcome Avatar! It’s now time for our bi-weekly Q&A! We’ll be taking your questions on everything DeFi - technology, security, protocols, airdrops/farming, app tokens, and “how-to”. Please aim to get your questions in within 48…


Welcome Avatar! To the latest edition of DeFi Roundup, where we save you time by filtering the market and separating the signal from the noise. You don’t have to spend all week scrolling Crypto Twitter to stay current. Market…


Welcome Avatar! Usually these posts consist of coins and alts we’re watching. However, we host a bi-weekly Q&A. In our most recent one our readers asked about a ton of different coins. So today we’ll go through the altcoin book…


Welcome Avatar! 80% of the US’s Bitcoin ETFs sit with just one company. Last week BitGO CEO Mike Belshe compared Coinbase to Lehman. Now, BitGo is a custody business. The CEO has a vested interest in making this claim. However,…

Welcome Avatar! It’s now time for our bi-weekly Q&A! We’ll be taking your questions on everything DeFi - technology, security, protocols, airdrops/farming, app tokens, and “how-to”. Please aim to get your questions in within 48…


Welcome Avatar! Last week we covered where value capture is actually flowing in tokenization. Specifically we talked about: Tokenization is accelerating. ~$38.6B of RWAs are already onchain, including ~$15B of tokenized U.S.…


If you don’t understand the design of the Uniswap V3 Pool Contract , read through that article and return here later. I will use many terms specific to concentrated liquidity and the V3 design throughout this article. The…


Performance matters and I’m not afraid to say it! degenbot was a pure Python package for many years. I love Python but it’s not a high performance language, so I mostly focused on speeding up the slowest parts where I could while…


The most painful part of high-volume searching is simulation. Before every value capture can occur, you must run it against your best view of the chain state. The boundary between your efficient searcher and the generalized…


This entry builds on the theoretical concepts explored in the Numerical Optimization series. If you didn’t read those, shame on you! But for your convenience, here they are again: Liquidity Pool Structure A given liquidity pool…


We have already established a long term goal: build a Rust core driven by a thin Python shell. Communication with the blockchain is done via Remote Procedure Call (RPC) exposed by a node directly, or through some gateway service.…


I love graphs and I’m not afraid to admit it. They are an ideal data structure for arbitrage pathfinding and optimization for certain multi-market problems. I primarily use NetworkX for working with graphs. It’s easy to use, but…


The architectural rewrite has allowed me to revisit some design decisions that have been bugging me. I started developing degenbot to speed up my day-to-day bot building. Those bots were focused on calculating cyclic arbitrage…


Last year I wrote a short Rust series (Parts I , II , III , IV ) surveying the basics of the language. I was particularly excited about the ability to integrate Rust directly into degenbot , which was pure Python at its core and…


I’ve been using AutoResearch (AR) to improve smart contracts. I don’t see AR discussed often enough, and I think it suffers from a branding problem. The name suggests it is a tool for finding obscure info, digging into scientific…


In Part IV , while deriving analytical gradients for the Newtonian methods benchmark, we paused on the simple case of two V2 pools with the same token pair. The profit function P ( x ) and its derivative dP/dx both had clean…


The derivative-free methods covered in Parts II and III treat the objective function as a black box, probing inputs and observing outputs without requiring knowledge of the internal structure. This flexibility is valuable, but it…


It’s bull season again on the blockchain. Green candles are in the air, hype is on the timeline, and the screams of dying short sellers make sweet music in your ears. This post is for those who are participating in the…


Any programming work you do is done in the context of a development environment or framework. This consists of the tooling you need to compile, run, test, and finally deploy your code. Developing Ethereum smart contracts is the…


Let’s face it, the longer you survive in crypto the bigger your threat profile gets. Not only has my crypto bag been growing, but I’m now a DeFi developer, and have a much larger public presence. Crypto thieves have been growing…


There have recently been two high-profile cases of protocols recovering a large chunk of their stolen funds by counter-attacking the hacker which stole them. Platypus Finance was hit by a bungled attack that left funds locked in…


I leveled up my smart contract security skills quite rapidly once I began learning seriously, and a lot of that was due to having a killer peer group. Serious friends and skilled mentors save you an unbelievable amount of time…




Analyzing and understanding protocols is the reason I initially picked up Solidity. Smart contracts are the laws that govern your existence on the blockchain, and you should know how to read them. Dissecting protocols is a…


The biggest hurdle in learning smart contract development is gaining awareness of patterns. What to do, and what not to do. A design decision which seems innocuous can have dire implications when it’s put on-chain. Subscribe now…


To date, I’ve done the smart contracts for five NFT launches, each with wildly varying degrees of success. I’m proud to say the contracts worked well for all the launches, irrespective of how the project turned out. Going from…


The most exciting job in crypto is the whitehat hacker. It’s you vs. the bad guys, alone in the dark forest, with billions at stake. Whitehats pull some crazy stunts, like reverse engineering an attack so they can rescue funds…


What does it mean when your bright-eyed younger cousin says he “wants to work in web3”? For that matter, what do viable employment paths even look look like for a crypto developer? I’ve slung a lot of smart contracts by this…


What are the things that could actually kill Ethereum? It doesn’t seem like it will be any of its current competitors. No, dear reader, the existential risks to Ethereum are much more subtle than Charles Hoskinson and the Haskell…


If the Merge occurs successfully, there will be a fork between the Proof-of-Stake chain and the Proof-of-Work chain. See my previous post to learn why. Subscribe now The PoW chain will probably not be long for this world, as the…


Hello Left Curvers, Hang in there! War in Ukraine, Crypto & Global Stock markets down, and the prospect of stagflation on the horizon plus a few other nasty things (e.g., food shortages) being openly discussed in public – turns…




Hello Lefties! In this post we are going to cover the Arbitrum ecosystem in light of recent events, clear catalysts are developing on Arbitrum signaling it is becoming the main Optimistic rollup for Ethereum. Look at the top…


Note that all content contained herein is not financial advice, please perform diligence and your own research before making an investment decision in CRV Merry Christmas & Happy Holidays, we at LCC hope that 2021 has been a…


Greetings fellow Lefties, today we have a guest post from BowTiedPigeon . This post will be about Cosmos, and why applications specific blockchains are revolutionizing the token economy. A lot is going on behind the scenes, so…


Greetings anons! With the emergence of blockchain technology, we received a high number of requests and have also noticed a growing trend in blockchain voyeurism so we decided to cover the art of whale watching. An automated…


Welcome anons, free posts are over for a while. It’s time to dig into the good stuff. We thank our paid subscribers for their patronage, it’s been a great ride so far and cannot wait for the future. For our first paid post, we…

Hello anons and friends! We want to take a brief moment to thank you for your subscriptions thus far, the initial launch has far exceeded our own expectations and the amount of collective brainpower in the discord (paid subs…


Greetings Lefties, As we've shared in our previous Substack, we believe yield farming to be the superior way of participating in DeFi. In TardFi, Liquidity Providing (LP) is done by market makers like Flow Traders and Virtu with…


Welcome Anons! We are glad to have you here, if you found this substack congratulations you’re already ahead of the curve. If you’re late to crypto or having trouble understanding the byzantine DeFi protocols, yield farms, & NFT…

My Virtual Private Server tutorial was fairly extensive, but it left out something important: information security! I think it’s wise to revisit the topic now, since security and encryption are critical in any application…