Research & video animation studio making crypto digestible!

Joined April 2017
787 Photos and videos
Pinned Tweet
31 Dec 2025
2025 was a big year for Cipher Research. From research and videos to working directly with some of the biggest teams in crypto, we expanded both our scope and impact. Super excited to continue building and scaling in 2026.
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Every platform will eventually integrate DeFi and stablecoins to keep users inside their walled garden. Whop just did it. 21M users. $3B in annual payouts. Revenue that used to sit idle can be auto-deposited into @aave via @Plasma. Users don't know they're using DeFi. They just see yield on their balance. The next wave of DeFi adoption won't come from crypto natives. It'll come from platforms embedding it invisibly to stop users from leaving.
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Introducing Whop Treasury. Earn 6% yield on all money earned on Whop.
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Stable is trading at multi-billion FDV with almost zero on-chain activity or TVL. Trading higher in FDV than: > Arbitrum > Polygon > Near > Plasma > Monad > Berachain I don't know a single person who's ever used stable
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DeFi exploits in 2026 so far: Step Finance → $27.3M Truebit → $26.2M Resolv → $25M (today) SwapNet → $13.4M YieldBlox → $10.97M SagaEVM → $7M Makina → $5M IoTeX → $4.4M Aperture Finance → $3.7M Venus Protocol → $3.7M CrossCurve → $2.8M Solv Protocol → $2.7M FOOMCASH → $2.3M Moonwell → $1.8M TMX → $1.4M Total exploited since Jan 2026: ~$137M It's only March.
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smol correction: makina has been able to recover $3.1M with 89% of affected users made whole
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What if you could make the same profit whether the market goes up, down or sideways? That's exactly what @Neutrl does through OTC Arbitrage. In our example, Neutrl acquires locked tokens at a 50% discount, then immediately shorts at market price. Here's how it plays out 👇
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Watch the full video as we cover how neutrl works, the full otc arbitrage strategy and why its so uniquely placed among ybs today! x.com/CipherResearchx/status…

Neutrl is one of the fastest growing synthetic dollar protocols generating high yield. They introduce a completely new approach called OTC Arbitrage. We break down what @Neutrl is, how the OTC Arbitrage strategy works and why it's so different in the current market.
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Stablecoin chains are the hottest narrative in crypto. Here's how the four main contenders actually compare.
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Ever wondered how @Neutrl and its $NUSD works and how yield gets generated? We break down exactly what it is, how it works and where the yield comes from for stakers 👇 x.com/CipherResearchx/status…
Neutrl is one of the fastest growing synthetic dollar protocols generating high yield. They introduce a completely new approach called OTC Arbitrage. We break down what @Neutrl is, how the OTC Arbitrage strategy works and why it's so different in the current market.
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Cipher retweeted
Mar 17
Great breakdown from @CipherResearchx with a high-level explainer on Neutrl and OTC arb. I’ve been following Cipher for a while now, so when he reached out to do a video on Neutrl, I was really excited. When I first started learning about DeFi, I would watch Finematics religiously. I’ve always had a lot of respect for people who take on the educator role and can explain complex topics clearly. Cipher one of the few creators in the space putting out unbiased DeFi education, just for the love of the game. Give him a follow.
Neutrl is one of the fastest growing synthetic dollar protocols generating high yield. They introduce a completely new approach called OTC Arbitrage. We break down what @Neutrl is, how the OTC Arbitrage strategy works and why it's so different in the current market.
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Neutrl is one of the fastest growing synthetic dollar protocols generating high yield. They introduce a completely new approach called OTC Arbitrage. We break down what @Neutrl is, how the OTC Arbitrage strategy works and why it's so different in the current market.
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That was a high level explainer, a few nuances to note: - Funding rates factor into yield as either an additional boost or slight drawdown depending on market conditions - Majority of deals are sourced directly from foundations with agreed vesting of 3-12 months. Tokens with deep enough perp liquidity to hedge properly - Short positions are actively managed with minimal leverage to avoid liquidation risk
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ERC-8183 dropped recently and if you missed it, we've got you covered. We cover the problems with AI Agents today, what the standard solves and the future of commerce between agents!
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How do yield-bearing stablecoins work today? I broke down the current YBS flow: where your money goes and how your yield is generated.
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Check out the full video around YB stablecoins and @capapp: x.com/CipherResearchx/status…

Cap is building a new YBS that is changing the way yield is generated. We broke down everything around Cap, how it works and why its so exciting! Timestamps: 0:28 Flow of YBS today 2:18 Issues with the current YBS 3:23 How Cap works 13:19 Why I like Cap Best viewed at 1.25x!
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Cipher retweeted
Great deep dive on how Cap changed the YB stablecoin vertical
Cap is building a new YBS that is changing the way yield is generated. We broke down everything around Cap, how it works and why its so exciting! Timestamps: 0:28 Flow of YBS today 2:18 Issues with the current YBS 3:23 How Cap works 13:19 Why I like Cap Best viewed at 1.25x!
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Cipher retweeted
Mar 6
Excellent explainer from Cipher breaking down how Cap works and what makes Cap stand out 🧢
Cap is building a new YBS that is changing the way yield is generated. We broke down everything around Cap, how it works and why its so exciting! Timestamps: 0:28 Flow of YBS today 2:18 Issues with the current YBS 3:23 How Cap works 13:19 Why I like Cap Best viewed at 1.25x!
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Cap is building a new YBS that is changing the way yield is generated. We broke down everything around Cap, how it works and why its so exciting! Timestamps: 0:28 Flow of YBS today 2:18 Issues with the current YBS 3:23 How Cap works 13:19 Why I like Cap Best viewed at 1.25x!
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