Field Note #78. On "Token Supply, Adjustment, and Swaps"

Source: Campbell Harvey, Decentralized Finance Primitives, avail. for free at Duke/Coursera, Modules Two + Three: Supply & Ownership, Loans & Swaps

🎶 Companion notes to Modules 2 + 3 of Campbell Harvey's Decentralized Finance Primitives, the second of four courses in the pack.

It is abundantly clear that a survey understanding of DeFi is only useful to determine where you'd like to focus.  As such, I recommend watching this entire "middle" course at 2x speed with the promise that the subsequent course "deep dive" delivers on its promise.

Breadth is death.