3 Aug 2026, 12:08 UTC58 views10 reactionsread 8 August 2026 Photo
Papertrade: The House Always Wins
Papertrade lets users trade at up to 1,000x against a LP that starts at $0.
Trader losses fill the LP. Trader wins are paid from it. If the LP cannot pay, profits enter a FIFO queue.
The entire system depends on one question: can a liquidity pool funded only by trader losses stay solvent?
We rebuilt Papertrade's settlement engine using 3.6M maximum-leverage Hyperliquid trades and…
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10 Jun 2026, 10:03 UTC164 views12 reactionsread 8 August 2026 Photo
New Research Article: The RWA Unwind Problem
In DeFi, you can open a leveraged position in a single block but getting out of a tokenised RWA can take days.
The unwind problem: atomic to build, expensive to dismantle, because the token lives on-chain while the asset behind it settles off-chain. Our research maps who absorbs that gap and what breaks when everyone exits at once.
Inside the piece:
• 🏗️ The redemption …
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28 May 2026, 13:31 UTC180 views8 reactionsread 8 August 2026 Photo
New Research Article: Tranching in DeFi
DeFi doesn’t have a yield problem. It has a risk problem.
Tranching fixes that by separating who gets paid first from who gets paid most. Our latest research maps the full state of the space.
Inside the piece:
• 🏗️ Two models: Tranching as a Product or as a Service (TaaP vs TaaS)
• 🌊 How loss waterfalls, reserve funds, and redemption gates determine who’s actually protected
…
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28 Apr 2026, 14:09 UTC235 views8 reactionsread 8 August 2026 Photo
Plasma One officially launches in June 2026. The beta is live across both products: Earn (P1USD, accruing yield) and Checkings (smart-contract spending accounts).
We built the first public dashboard tracking the product end-to-end, sourced directly from Plasma Chain.
Coverage:
📊 Combined TVL across Earn and Checkings
👥 Holders, balances & whale cohorts
💳 Checkings activity, refunds & $XPL cashback
🔄 Cross-product w…
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23 Feb 2026, 17:05 UTC260 views9 reactionsread 8 August 2026 Photo
Plasma hits $250B in cumulative $USDT0 volume 🕊️
Just 151 days post-mainnet, Plasma has evolved from infrastructure into a high-velocity liquidity layer.
The Network Pulse:
• $250B+ Total transfer volume
• $580M Avg. daily volume (last 30 days)
• 74% Stablecoin liquidity consolidated into $USDT0
• 60+ Protocols using $USDT0 as their primary base
Through every market reset, throughput remains sustained. This is the…
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9 Feb 2026, 14:22 UTC248 views13 reactionsread 8 August 2026 Photo
Aave V4: From Static Pools to Modular Infrastructure
Aave is moving beyond the "pool-per-market" model. V4 introduces a unified, automated architecture designed for better risk isolation and capital efficiency.
Key Upgrades:
🌐 Liquidity Hubs: A unified layer that connects to "Spokes," allowing for global liquidity without sacrificing risk isolation.
🤖 Adaptive Rates: "Fuzzy logic" replaces manual governance, allow…
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3 Feb 2026, 15:02 UTC199 views10 reactionsread 8 August 2026 Photo
The Senate debate over the CLARITY Act highlights a fundamental shift in how capital moves. Legacy banking faces a "yield-aware" depositor base as data explains the current movement of liquidity.
🏛️ Regulatory Context: Section 404 of the Act seeks to restrict yield pass-through, maintaining legacy interest margins that accounted for record bank profits in 2025.
📉 Yield Disparity: A persistent spread between 0.01% b…
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26 Jan 2026, 16:04 UTC215 views12 reactionsread 8 August 2026 Photo
We’ve submitted a joint proposal with K3 Capital for the GnosisDAO Treasury Management RFP.
Our framework combines institutional-grade execution with independent risk oversight, aligned with the DAO’s success through a skin-in-the-game model.
⚖️ Split roles: K3 Capital (execution) + Sumcap (risk & oversight)
📊 Active onchain treasury management with risk caps + diligence
🚨 24/7 monitoring and incident readiness
🌉 S…
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9 Jan 2026, 16:00 UTC215 views12 reactionsread 8 August 2026 Photo
Sumcap Summary #11: December 2025
December ended 2025 on a roller-coaster:
- 💥 Worst quarter of 2025 with $SOL down 🔴-40.4%
- 🌊 ~$1B liquidated on the 1st day of December
- 👻 @aave DAO clashes with Aave Labs over +$10M/annum in fees
Let’s take a look at what happened this December 👇
https://x.com/Sumcap/status/2009656459038974300
P.S. We wish you a happy new year and a 2026 filled with many Xs! 🎊
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10 Dec 2025, 16:00 UTC244 views8 reactionsread 8 August 2026 Photo
Sumcap Summary #10: November 2025
Much like October, November was a total bloodbath:
- 📉 All majors and sectors in red ($ETH🔴 -22.38%)
- 🌊 HyperLiquid loses🔴-$434M in net flows
- 🟪 Ethereum pushes #Fusaka
Let's take a look at everything that happened this month 👇
https://x.com/Sumcap/status/1998784807644573951
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3 Dec 2025, 12:03 UTC269 views5 reactionsread 8 August 2026 Photo
🪂 $STABLE Airdrop Date
Mainnet and TGE on the 12/08 at 13h UTC - @stable just released their tokenomics!
This means that the settlement date for the $STABLE airdrop has moved from the speculated 31st Dec to 8th Dec.
Point distribution updates:
- 🟢 Phase 1: 53.8% → 60.9%
- 🔴 Phase 2: 46.2% → 39.2%
This greatly aids Phase 1 depositors who are now capturing an additional 7.1%pts!
You can check your $STABLE airdrop …
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2 Dec 2025, 16:07 UTC355 views8 reactionsread 8 August 2026 Photo
After 3 years and 3 hardforks, #Fusaka concludes the #Surge phase of the Scaling Roadmap with:
- 📊 PeerDAS: 8x throughput, cheaper fees, more rollup space
- 📈 60M gas limit: 100% increase YTD
- 🟪 and 10 EIPs improving CL and fee markets
Let's dive into what Fusaka entails 👇
https://x.com/Sumcap/status/1995885702702411779?s=20
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