Dragonfly Research
medium.com/dragonfly-research · Company blog · on HN since 2019
Research blog from Dragonfly, a crypto investment firm, covering DeFi, Ethereum, rollups, stablecoins, and legal issues for crypto startups.
What HN saysHN commenters cite it mainly to explain automated market makers and to argue Ethereum is unforkable because of DeFi, calling the DeFi technology interesting.
17HN people shared it
6linked it in comments
11stories submitted
23story points
5 years agolast shared
2019people per year2026
Most-shared posts
- 1Breaking Mimblewimble's Privacy Model5 people · 7 points · first shared 2019 · 1 comments on HN
- 2What explains the rise of amms 7d008af1c3994 people · first shared 2020
- 3Ethereum is now unforkable, thanks to decentralized finance projects2 people · 2 points · first shared 2019 · discussion on HN
- 4I’m Worried Nobody Will Care About Rollups1 people · 5 points · first shared 2021 · discussion on HN
- 5DeFi Flash Loans: Why Flash Attacks Will Be the New Normal1 people · 4 points · first shared 2021 · 1 comments on HN
- 6Blockchains are cities1 people · 2 points · first shared 2022 · discussion on HN
- 7Decentralized Governance – the story 5 years after DAO1 people · 1 points · first shared 2020 · discussion on HN
- 811 Tips to Avoid Crypto Startup Legal Pitfalls1 people · 1 points · first shared 2022 · discussion on HN
- 9A Visual Explanation of Algorithmic Stablecoins1 people · 1 points · first shared 2022 · 6 comments on HN
What HN people wrote when they linked it
fossuser · 2021-04-25
Agreed - the DeFi tech is really interesting: https://medium.com/dragonfly-research/what-explains-the-rise-of-amms-7…
There's a lot of snake oil speculative no knowledge spam from people that easily give off a bullshit vibe. So I get that a lot on HN that haven't closely looked at it would be turned off by that and just dismiss it entirely out of hand.
There's some real stuff going on here too and it's worth a deeper look - I think the knee-jerk dismissal is a mistake. At this point over ten years in, it's worth at least taking a deeper look at even if (I'd argue especially if) you're a skeptic.
I also suspect there's some pseudo-intellectual skepticism cynicism as signaling going on like there always is.
Specifically on BTC: https://www.matthuang.com/bitcoin_for_the_open_minded_skeptic
Dwolb · 2022-01-15
You could (Matt Levine talks about his ExcelCoin he tracks in a spreadsheet), but with the rise of AMMs [1] (and SSOV’s) it’s easier to make the market in the DeFi space.
[1] https://medium.com/dragonfly-research/what-explains-the-rise-of-amms-7…
gge · 2021-03-13
Nope, wont happen. https://medium.com/dragonfly-research/ethereum-is-now-unforkable-thank…
companyhen · 2021-02-16
That is why Uniswap and other AMM DEX's are on the rise https://medium.com/dragonfly-research/what-explains-the-rise-of-amms-7…
capnorange · 2020-10-17
leaving the ponzis, illegal markets aside I think there is some interesting stuff happening in crypto right now.
Publicly traded companies[1] are starting to consider BTC as a reserve asset. MSTR converted 85% of cash reserves to Bitcoin(38,250 BTC).
AMMs[2], a novel idea in market making is growing popular.
[1] https://bitcointreasuries.org/
[2] https://medium.com/dragonfly-research/what-explains-the-rise-of-amms-7…
sgp_ · 2022-02-06
It's not comparable though. The simplified (though slightly wrong) way to think about Grin is that its privacy is like Monero but without Monero's ring signatures. Its transaction graph privacy is quite weak.
While the author of this article makes some mistakes, here's an example of that weakness: https://medium.com/dragonfly-research/breaking-mimblewimble-privacy-mo…
Grin developers said in response:
> The Grin team has consistently acknowledged that Grin’s privacy is far from perfect. While transaction linkability is a limitation that we’re looking to mitigate as part of our goal of ever-improving privacy, it does not ‘break’ Mimblewimble nor is it anywhere close to being so fundamental as to render it or Grin’s privacy features useless.
Hiding addresses and amounts is certainly better than Bitcoin, but the transaction graph privacy offered by Grin is significantly weaker than Monero. It's not the same.