Notes from the verifiable stack.
How Priime executes delta-neutral liquidity strategies, why automation should be provable, and how risk is handled before it becomes a loss. Written for people who run capital on-chain.
Trustless, except the part that decides
A reply to Nascent's “From DeFi to NeoFi.” You said the boundary is dissolving and the seam is where the products get built. Follow that seam inward, past the ramps and the rails, and it runs into the one thing no vault ever standardized: the part that decides.
Read the article ▸Where ETH/USDC LP yield actually comes from
The same pair pays wildly different fee rates across live pools, and a single pool's headline rate can swing by multiples within a month. The headline is noise; the real object is fee capture minus impermanent loss minus the cost of the hedge.
Read ▸What you're actually paid for: a map of DeFi yield
DeFi yields look like one menu, but they pay for three different things: volatility, duration, and issuance. The fat ones are paid for absorbing volatility, with the volatility still attached.
Read ▸Why your DeFi strategy should not run on trust
Automation usually means trusting one black-box bot that can move your funds and block your exit. Verifiable compute makes the decision itself checkable, a quorum re-executes deterministic logic, an on-chain verifier enforces it, and the user keeps an exit no operator can pause. We map the trust surface honestly, including what is still founder-run.
Read ▸Risk that acts before liquidation, not after
Most DeFi losses are slow and watchable: drift to liquidation, a widening depeg, a lagging oracle. We argue block-time monitoring plus pre-emptive deleverage beats post-hoc liquidation, and map five risk surfaces to their watch-and-act response.
Read ▸Modules as the unit of automation
A module is one Observe-Reason-Act loop: a watched signal, deterministic WASM, a conditional action, provable when it fires. Every Priime product is a composition of the same five modules on one verifier-and-operator rail, which makes a new strategy an assembly job, not a rebuild.
Read ▸The real yield of hedged leverage, decomposed
Borrow against a yield-bearing asset, lever the spread, short out the price risk, and the fat headline collapses into a thin residual of four large, offsetting flows. We decompose net carry into its real drivers and show where it goes negative.
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