Building a more democratic financial system | The future of digital money & market making, liquidity, financial stability. Economics Ph.D.
Joined June 2010
- Tweets 499
- Following 548
- Followers 649
- Likes 284
21 Photos and videos
21 Aug 2025
Interesting and signals growing institutional adoption. ainvest.com/news/bitcoin-new…
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29 Oct 2024
I’m honored to be speaking at the @ownereconomy Summit on December 4th in NYC!
Register here 👉 eventbrite.com/e/2nd-annual-…
#OwnershipEconomySummit #FutureOfOwnership #OE2024
Use the discount code PreD20 for 20% off!
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23 Mar 2024
Best short explanation of why MMT doesn’t work…
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9 Mar 2024
Sam Altman returns to OpenAI’s board after review finds firing was unwarranted via @FT
“There was simply a breakdown of trust between the board and Mr. Altman” = the art of saying nothing. Article sheds no insights on what happened! on.ft.com/49Kuiyw
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6 Mar 2024
"The standards are so opaque and arbitrary that the Commission itself is unwilling to stand by its own analysis"
sec.gov/news/statement/peirc…
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Raphaele Chappe retweeted
29 Feb 2024
JUST IN: Tim Buckley to step down as CEO of $7.2 trillion asset manager Vanguard.
Last month, Vanguard banned all #Bitcoin ETFs from their platform.
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Raphaele Chappe retweeted
26 Feb 2024
Did you guys hear about SRBs? I'm into options a lot and never saw that, it's like instead of buying an option you're buying right to make money in exact interval if some terms are met? If you have any other sources about this would appreciate sharing
Gonna dive into it deeper and will share more info about that and Blast eco soon, source: blog.devol.network/introduci…
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23 Feb 2024
Partially inspired by Arrow Debreu state contingent securities!
23 Feb 2024
Our Automated Market Maker (AMM) innovates with a groundbreaking new financial primitive that can be assembled to price, trade, and settle any customizable financial payoff, including options & futures.
It's a leap forward for crypto options trading, asset pricing, and risk management in #DeFi.
Currently deployed on #solana with a bridge into #polygon, this innovation is the reason DeVol excels at trading multiple legs in a single execution at low cost w/ zero bid-ask spreads. 🤌
blog.devol.network/introduci…
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Raphaele Chappe retweeted
12 Feb 2024
Something's got to give.
Community note
This series is comparing nominal rents to real (that is, inflation adjusted) income. The difference in the series is largely because income is inflation adjusted but rent is not.
twitter.com/AColavi/status…
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15 Nov 2023
Decentralization is a spectrum. While true #DeFi may well be unregulatable because there is no one to hold accountable, hybrid approaches can combine the efficiency of DeFi protocols with regulatory safeguards
xreg.consulting/articles/why…
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15 Nov 2023
A decentralized DeFi protocol @DeVolNetwork w/ regulated centralized governance is one hybrid approach. This is Institutional DeFi, and is a winning paradigm when the finance industry tokenizes real world assets jpmorgan.com/onyx/documents/…
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2 Nov 2023
The case for tokenization of capital market instruments like US Treasuries, bank deposits, money market funds and repurchase agreements (repos) is higher in a 5% interest rate environment. coinbase.com/institutional/r…
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3 Oct 2023
Central banks are one step closer to using AMMs (constant-product) for FX transactions - may usher in large institutions adopting DeFi protocols coindesk.com/policy/2023/09/…
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13 Sep 2023
What is the volatility risk premium and how do you evaluate it for crypto options?
wire.insiderfinance.io/evalu…
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12 Sep 2023
When is QE inflationary? Feeling enlightened: brilliant must-read explanation from @LynAldenContact Somewhat painful but necessary balance sheet analysis of 1) the Fed, 2) banks, 3) non banks, 4) treasury. Thank you Lyn!
lynalden.com/money-printing/
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13 Sep 2023
The 2nd question: if there is an increase in broad money, does this cause inflation?
Depends on what is being “chased”?
1. if consumer goods, you might get inflation as measured by CPI
2. if assets, you might get asset inflation (houses, stock market etc.)
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13 Sep 2023
5 - Treasury deficit spending financed though new Treasuries bought by the Fed increases both base money and broad money
6- Treasury deficit spending financed though new Treasuries bought by banks only increases broad money
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13 Sep 2023
3. The Fed buying Treasuries from non-banks increases both base money and broad money
4. Treasury deficit spending financed though new Treasuries bought by non-banks does not increase base money or broad money (!)
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13 Sep 2023
As a follow up, here is my summary:
The 1st question: is there an increase in broad money?
Base money = reserves
Broad money = bank deposits.
1. A bank loan only increases broad money (new bank deposits).
2. The Fed buying Treasuries from banks only increases base money
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