UNSTABLE
CAPITAL

DEFI TRADING & VERIFICATION

Conviction starts
with verification.

Exploring the systems behind decentralized finance.
Technical research, market structure, and the questions that matter.

Explore the research
RESEARCH AT THE INTERSECTIONBlockchain infrastructure / Market structure / Decentralized finance
THE RESEARCHTECHNICAL PERSPECTIVES / OPEN ACCESS

A closer look
beneath the surface.

Selected writing on blockchain technology and the infrastructure connecting digital asset markets.

View all research ↗

Earlier research by our founder. Articles open at their original publishers.

THE FIRM

Built around
open questions.

Unstable Capital is a DeFi trading and verification firm established by Steve Wang.

This is our home for technical research and future work on decentralized finance.

About Unstable Capital ↗