Knowledge & Research

Education Hub

Curated intelligence on the infrastructure powering the next financial system.

Glossary Architecture

MetaMorpho V2

Glossary Architecture

Morpho Blue

Foundation Derivatives

What is a derivative: futures, options, swaps on one page

Foundation Custody and Keys

Rehypothecation: what it is, why it killed FTX and Celsius, what segregation looks like

Foundation Custody and Keys

MPC explained without the cryptography lecture

Foundation Custody and Keys

Self-custody vs third-party custody: the institutional tradeoff

Foundation Funds and Entities

DAO LLCs (Marshall Islands, Wyoming): the new fund wrapper

Foundation Funds and Entities

KYC, AML, and why institutional capital is gated

Foundation Funds and Entities

Qualified and accredited investors: who can buy what

Foundation Funds and Entities

What is an SPV, and why every deal has one

Foundation Money and Credit

APR vs APY: why the difference matters

Foundation Money and Credit

Basis points, spreads, and how lenders think about price

Foundation Money and Credit

Seniority and payment priority: senior, mezzanine, junior, equity

Foundation Money and Credit

Covenants, defaults, and what a covenant breach really means

Foundation Custody and Keys

Multisig wallets, Safes, and shared-key custody

Glossary Collateral

LLTV Explained: Liquidation Loan-to-Value Ratio

Glossary Hedging

Delta-Neutral: Hedging Direction with Long-Short Pairs

Glossary Architecture

TWAP Oracle Explained: How Time-Weighted Pricing Works

Core Big Picture

What Rekord Does: An Overview of Provable Finance

Core RWA and Deal Types

What Is a Real-World Asset? RWA Lending vs DeFi Yield

Core Big Picture

The Capital Cycle: From Stablecoin Deposit to RWA Return

Foundation Private Credit and RWA

What is Private Credit? The $1.7T Asset Class Explained

Foundation Custody and Keys

What is a Qualified Custodian? BitGo, Anchorage & More

Foundation Crypto and Defi

What is a Smart Contract? And What It Can't Enforce

Foundation Funds and Entities

What is a fund, and how a master fund is structured

Foundation Money and Credit

What is LTV? Loan-to-Value Explained for Crypto Loans

Foundation Money and Credit

Secured vs Unsecured Loans: What Collateral Actually Is

Foundation Money and Credit

What is a Loan? Principal, Interest, Maturity, Repayment