Capital Layer Research Journal
Ten evergreen research notes covering blockchain due diligence, tokenomics, tokenization, infrastructure, DeFi, custody, staking, stablecoins, portfolio construction, and venture capital.
Use category and tag archives to move from a broad market question to a specific diligence framework.
A venture diligence framework for founder-market fit, product evidence, network adoption, treasury design, financing structure, regulatory exposure, and follow-on risk.
Read the analysis
Translate convictions about blockchain adoption into explicit exposures, sizing rules, time horizons, monitoring signals, and exit conditions instead of a list of trending tokens.
Read the analysis
Evaluate stablecoins by liability structure, reserve quality, redemption mechanics, liquidity, operational dependencies, governance, and stress behavior.
Read the analysis
Decompose staking returns into issuance, fees, operating costs, token-price exposure, slashing, liquidity, and the trust assumptions added by providers and liquid tokens.
Read the analysis
A control framework for private keys, authorization, segregation, recovery, transaction policy, service providers, evidence, and incident response.
Read the analysis
Map decentralized-finance risk across code, collateral, liquidity, pricing, governance, dependencies, operational controls, and market reflexivity.
Read the analysis
A structured way to compare rollups by security model, data availability, sequencing, interoperability, distribution, economics, and durable value capture.
Read the analysis
A diligence guide to legal claims, asset servicing, cash-flow rights, settlement design, liquidity, oracles, and the gap between a token and the underlying asset.
Read the analysis
Learn how to test token supply, emissions, unlock schedules, utility, fee flows, governance, and value capture without confusing a protocol narrative for an investment case.
Read the analysis
A practical research system for separating network facts, business-model assumptions, token claims, custody risks, and exit constraints before committing capital.
Read the analysis