Insights
Explainers on risk, benchmarking, backtesting, monitoring and due diligence for teams that run money onchain. Every figure links to its public source.
- How to screen an onchain carry trade before you join itOf 42 fixed-yield tokens on Ethereum, three carry most of the borrowed money. Four checks show how much capital is in each trade, who holds it, and whether the largest holder could get out.
- How to vet a vault curator before you allocateOf the 185 vaults run on Ethereum by the 13 Morpho curators with the most vaults, 41 are listed today. How to check a curator's full record from the chain.
- How to monitor a curated lending vaultFour monitoring rules from the 22 March 2026 USR exploit on Morpho: compare the oracle with the market, track supply others move for you, measure what can be withdrawn, and distrust a share price that rises too fast.
- How to compare lending vaults net of feesOne vault shows 53.53% after losing 98%. Another's share price is up on assets it no longer holds. How to compare vaults on what depositors earned.
- How to backtest a DeFi lending strategy without look-aheadAave's own forum dated a change 34 days early and gave the wrong starting value. How to rebuild every parameter from the chain before you backtest.