Stablecoins

2 published posts.

31 Oct 2025

Swap is not repay: two ways a CDP took my coins

Ten months apart, two collateralised debt positions took my coins without a hack. On Sui, a redemption halved my position and raised my collateral ratio; on IOTA, I was liquidated within minutes while trying to leave. The arithmetic of both, and the order of operations I now follow.

Crypto

30 Sep 2024

I learned finance in the wrong order

I learned to use wallets, swaps and bridges years before I ever sent a bank wire. This month I did both, two days apart: a Swiss bank froze a ten-euro transfer, a tokenised Nvidia share quoted $77 in fees, and a bridge page tried to send my dollars to the wrong kind of address, so I didn't sign. What each system charges, and what each one checks.

Crypto