Cipher Chain Capital

DeFi, Investing, Capital Management, NFA

[Cipher Chain Capital @ChipherChainCap]

1/x Evaluating Smart-Contract risk in #DeFi

One of the largest challenges for capital allocators when considering DeFi opportunities is evaluating smart-contract risks. Below are some thoughts and potential progressive directions to consider.

[Nomatic @Nomaticcap]

We would have loved to host @ethlabs_org.

We were doing bullish podcasts on Ethereum at the stone bottom in early 2025 (and dating back to 2023)

Just use @edge_pod.

Here's a great example of one with @ryanberckmans from the dark ages:

https://t.co/FFVkVfTJUw

[D2 Finance @D2_Finance]

https://t.co/7eZkY8uzGR

[Cipher Chain Capital @ChipherChainCap]

New Medium Article on Portfolio Construction:
Written by @thataustinliu at Vanderbilt Blockchain

https://t.co/vpEIWRaFcu

[D2 Finance @D2_Finance]

Institutional Allocator Due Diligence

Join us tomorrow with Sam from @ChipherChainCap as we unpack institutional due diligence in DeFi

🗓 May 13, 8:30am EST

🎙️: https://t.co/zfGXCjFLf3

[D2 Finance @D2_Finance]

https://t.co/MYVsHuuk0Q

[Cipher Chain Capital @ChipherChainCap]

New practical guide to DeFi diligence published on Medium:

https://t.co/LVybHmskpT

[Cipher Chain Capital @ChipherChainCap]

@Nomaticcap Love leaning into hated trades.

[D @domdosu]

a rationale on our long term bet on crypto options @dreaming

[infiniFi @infiniFi]

There’s been a lot of discussion lately around the assessment of risk in Defi.

Check out this breakdown by one of our sitting risk council members @cipherchaincap 👇

[Cipher Chain Capital @ChipherChainCap]

@gauntlet_xyz @Morpho Salute!

We’re building out an open-source hub to publish diligence. Hope this is a net positive to everyone in DeFi.

[Gauntlet @gauntlet_xyz]

We published a report on how our @Morpho vaults handled the recent period of liquidity stress.

Takeaways:

• Zero exposure, zero loss
• Supply APYs benefited from volatility
• Risk management infrastructure validated
• USDC Balanced supply ↑ 35%

Report linked in blog👇

[Cipher Chain Capital @ChipherChainCap]

@yq_acc Great read, thank you for sharing!

We are building a collaborative open-source hub for us, other funds, curators and analysts to publish the diligence they’re already doing.

Hope this makes a better defi for everyone.

[YQ @yq_acc]

https://t.co/Fcgta9azk6

[Cipher Chain Capital @ChipherChainCap]

@_SEAL_Org Just published an article diving into this gap!

[Cipher Chain Capital @ChipherChainCap]

1/
Where Can My Money Actually Be Lost?
TLDR Thread

Institutional Insights Into Diligencing DeFi Counterparties
After 4 years managing institutional capital through depegs, chain halts, credit blow-ups, and oracle shocks, one truth is clear:
Tokens rarely fail.
Counterparties do.

Here’s the actual map of where principal is lost in DeFi - and the questions every user should ask. 🧵👇

Full in-depth article: https://t.co/05w7w2tl5t

[Cipher Chain Capital @ChipherChainCap]

This is a comprehensive outline of diligence from a descriptive perspective. The following article will be prescriptive.

[Cipher Chain Capital @ChipherChainCap]

1/
Where Can My Money Actually Be Lost?
TLDR Thread

Institutional Insights Into Diligencing DeFi Counterparties
After 4 years managing institutional capital through depegs, chain halts, credit blow-ups, and oracle shocks, one truth is clear:
Tokens rarely fail.
Counterparties do.

Here’s the actual map of where principal is lost in DeFi - and the questions every user should ask. 🧵👇

Full in-depth article: https://t.co/05w7w2tl5t

[Cipher Chain Capital @ChipherChainCap]

We just published ‘Where Can My Money Actually Be Lost?’ https://t.co/qSwQ746EJ8

[Cipher Chain Capital @ChipherChainCap]

Full Article Below:
https://t.co/IQV53xFqsd