THE MERIDIAN
Notes on crypto, DeFi, AI, and the behavior beneath the price.
All Essays
23 essaysPart 12: LP Operations: Tracking, Rebalancing, Exit Planning
A practical framework for managing a liquidity position: tracking performance, deciding when to rebalance, and planning an exit before conditions change.
Part 11: LP Strategies: Which Pool, Which Risk, Which Outcome?
Compare liquidity-provider strategies by pool structure, asset exposure, and expected outcomes. Understand the risks behind choosing where to provide liquidity.
Part 10: Impermanent Loss: Why Your Position Changes Even When You Do Nothing
Learn why a liquidity position changes as prices move, how impermanent loss compares with holding, and why fees alone do not tell the full story.
Part 09: Liquidity Pools: The Hidden Engine Behind Every DEX Swap
Explore the reserves and pricing mechanics behind liquidity pools. See how swaps change a pool and why providing liquidity is different from simply holding tokens.
Part 08: DEX 103: Making Swaps More Intelligent
Build on the basics of DEX trading with a closer look at swap execution, liquidity, and the choices that make an onchain trade more informed.
Part 07: DEX 102: Why Swap Prices Change
Understand slippage, price impact, and minimum received. Learn why a swap quote can change and how execution conditions affect the tokens you receive.
Part 06: DEX 101: How Decentralized Exchanges Work?
Discover how decentralized exchanges execute swaps through liquidity pools and automated market makers—and what happens when you trade without an order book.
Part 05: Stablecoin 101: What Does "Stable" Mean, Peg and Risks
What makes a stablecoin stable? Explore pegs, collateral models, redemption, and the risks that can break the promise of a one-dollar asset.
Part 04: What Are Tokens? Native Coins vs ERC-20 Explained for Beginners
Learn the difference between native coins and ERC-20 tokens, how token contracts work, and why approvals matter before swapping, lending, or using DeFi.
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Crypto, DeFi, AI, and the behavior beneath the price.