Platforms
Aerodrome
Uniswap
Aave
Deribit
Chains
Base
Ethereum
01 · What is DeFi
Finance, with the middlemen replaced by code.
Same ledger. No building, no counter, no opening hours — and anyone can read it.
Traditional
You
Teller
Manager
Ledger · bank only
DeFi24 / 7
Your wallet
Code
Ledger · public
02 · What is a liquidity pool
You supply two assets. Traders pay you to swap between them.
An on-chain exchange has no market maker on a desk. Instead, liquidity providers deposit pairs of assets — say ETH and a dollar stablecoin — into a shared pool. Anyone who swaps through that pool pays a small fee, and the fee is split among whoever supplied the liquidity. That is a liquidity provider, or LP.
A position, in one picture
● In range · earning fees
Lower
Price nowNow
Upper
Out of range · pausedPaused
Out of range · pausedPaused
1 · DepositTwo assets, placed inside a price range you choose.
2 · EarnEvery swap that crosses your range pays you a fee.
3 · WatchIf price leaves the range, fees pause until it returns — so the range is the whole job.
03 · Three books
Three books. One main line.
On-chain liquidity
The main line.
Concentrated positions on Aerodrome and Uniswap, backed by ETH held on Aave. Monitored by an in-house tracker, every few minutes.
Options
Deribit, alongside the book.
ETH options written and managed next to the liquidity positions — part hedge, part income.
US equities
A slower, separate book.
Listed companies, held on a longer clock. Kept apart from everything above.