Posts on finance

Staking gets pitched as a savings account for crypto. Here's how Ethereum validators really earn rewards, why the yield keeps shrinking, and what slashing, queues, and liquid staking tokens add to the risk.

Fundamental analysis asks what a business is worth. Technical analysis asks what the price is doing. Here's how each one works, what the research says, and why the rivalry is mostly a category error.

Robo-advisors advertise a single advisory fee, usually a quarter of a percent. That number is real, and it is nowhere near the full cost. Here is what the machine is actually doing with your money, and where the rest of the bill hides.

DAOs promise governance without a boardroom. The actual turnout numbers, delegate concentration, and a few expensive attacks tell a more complicated story about how these organizations really run.

Blockchains publish every transaction, which makes on-chain data feel like proof. Most of the charts built on top of it are inferences, and a few of the…

Scheduling apps issue debit cards now, and invoicing tools offer loans. Here is the three-layer stack underneath embedded finance, where the money actually…

Sector rotation charts promise a map of the business cycle laid over the stock market. The taxonomy and the economic logic hold up well.

A high dividend yield can mean a company is generating serious cash, or it can mean the share price is falling faster than the payout.

Your card number isn't in your phone. Here's what a digital wallet actually stores, why a stolen token is useless on its own, and why merchants care about…