Research

Interest Rate Models

Interest rate mechanics from first principles through modern DeFi implementations.

Choosing an interest rate model for a lending protocol: a practitioner's framework

Mathematical structure of interest rate models: equations, calibration, and joint constraints

Stress Events Case Studies

Post-mortem analysis of various stress events in DeFi

When the Oracle Doesn't Move: Lessons from the xUSD/deUSD Depeg

Thin Liquidity, Thick Mistakes: A Review of 6 Stress Events Rooted in DEX Price Discovery and Single Constraint that Addresses Them

Risk Parameters in Lending Protocols

A research series on setting risk parameters in lending protocols as a jointly constrained system.

Parameters as a System: Why Lending Protocols Need a Joint-Constraint Framework

Get in touch — research@ipak.systems