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Tristero Research

Tristero Research

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Agora + Tristero = 9% yields

Agora and Tristero share a foundational conviction: capital markets must be accessible, fair, and efficient. By fixing the execution and lending mechanics of decentralized credit, we are opening up the next frontier of onchain utility.

The Borrower’s Dilemma: Why Leverage in DeFi is Broken

In 2025, maintaining a levered long ETH position cost roughly 18% annualized on Hyperliquid versus roughly 4% on Aave.

₿ The Case for Encrypted Finance

Every market is a game.

Bitcoin’s $2T+ DeFi Dream Is Waking Up

Here’s How

State of Mach: Record Volume / Darkness is Coming

Mach hits record volume, Tristero Beta goes live, and a new era for cross-chain execution begins.

All perps traders are equal. Some are more equal than others.

In crypto, every meltdown is also an autopsy.

The October ETF Month

Introduction

What is Create5? A Guide to Safe, Predictable, Cross-Chain Smart Contract Deployment

We’re excited to announce Create5, a new smart contract deployment primitive we built in our spare time to make cross-chain deployments safer and more predictable!

Can You Sanction Code?

The Sanctions Deadlock

The Great Integration: How Washington Is Absorbing Crypto

The New Era of US Crypto Regulation