Collected writing and research from the Paradigm team

A Guide to Designing Effective NFT Launches

10.13.2021 | Hasu, Anish Agnihotri

Blockchains revolutionized fundraising for open-source software, but not everything worked right from the start. In fact, ICOs of the 2016-2018 era were often horribly broken mechanisms that allowed founders to [→]

Joining Paradigm

10.11.2021 | Matt Mizbani

I’m incredibly excited to announce that I’m joining Matt Huang, Fred Ehrsam, and the rest of the Paradigm team in their mission to build a world-class cryptocurrency investment firm. Over [→]

RICKS

10.6.2021 | Dave White, andy8052, Dan Robinson

Introduction This paper introduces a new NFT fractionalization primitive: RICKS (Recurrently Issued Collectively Kept Shards). When you fractionalize an NFT into RICKS, the protocol mints new shards at a constant [→]

Martingale Shares

9.14.2021 | Dave White

Summary This paper introduces a new NFT primitive: Martingale shares, or "Mortys." Mortys are synthetics representing fractional ownership of classes of NFTs. They do not require buyouts or oracles, but [→]

The Community Garden: The Case for Leaving FAANG Companies for Crypto

9.1.2021 | Dan McCarthy

Software engineering culture has always leaned toward anti-authoritarianism. Many an engineer’s childhood reading list was full of books like Snow Crash and Neuromancer about lone hackers fighting back against enormous [→]

Floor Perps

8.31.2021 | Dave White

Overview This paper introduces the floor perpetual, a synthetic NFT that tracks the floor price of a given project and can be minted by locking up NFTs from that project. [→]

Two Rights Might Make A Wrong

8.17.2021 | samczsun

A common misconception in building software is that if every component in a system is individually verified to be safe, the system itself is also safe. Nowhere is this belief [→]

Power Perpetuals

8.17.2021 | Dave White, Dan Robinson, Zubin Koticha, Andrew Leone, Alexis Gauba, Aparna Krishnan

Introduction This paper introduces a new type of derivative, the power perpetual. If the price of ETH doubles, the ETH^2 power perp 4Xs, the ETH^3 power perp 8Xs, and the [→]

The Dangers of Surprising Code

8.13.2021 | samczsun

If you work in software engineering, odds are you've heard of at least one software engineering principle. While I wouldn't advocate for religiously following every principle to the letter, there [→]

TWAMM

7.28.2021 | Dave White, Dan Robinson, Hayden Adams

Introduction This paper introduces a new type of automated market maker, or AMM, that helps traders on Ethereum efficiently execute large orders. We call it the time-weighted average market maker, [→]