At first glance, Stabull’s role in DeFi seems narrowly defined. The protocol lists stablecoins and real-world-asset–backed tokens. It does not offer direct swaps into volatile cryptocurrencies like ETH. There are no memecoins, no long-tail assets, and no attempt to compete for speculative trading volume. By Jamie McCormick, Co-CMO, Stabull Labs The tenth article in the…
If solvers explain how sophisticated trades are executed, aggregators explain how that execution reaches users at scale. By Jamie McCormick, Co-CMO, Stabull Labs The ninth article in the 15 part “Deconstructing DeFi” Series. Aggregators are one of the quiet reasons why DeFi liquidity can suddenly become busy without any corresponding increase in a protocol’s visible…
If arbitrage bots are the most visible form of programmatic trading, solvers and searchers are the least visible — and often the most important. By Jamie McCormick, Co-CMO, Stabull Labs The eighth article in the 15 part “Deconstructing DeFi” Series. ⸻ They do not chase small price discrepancies in isolation. Instead, they focus on constructing…
When liquidity providers talk about risk, one concern often comes up quickly: bots. They are frequently blamed for extracting value, front-running users, or profiting at the expense of LPs. In some contexts, those criticisms are justified. In others, they misunderstand the role bots actually play in DeFi markets. By Jamie McCormick, Co-CMO, Stabull Labs The…
Many of the non-UI transactions we traced on Stabull shared one defining characteristic: they were atomic. At first glance, that word can feel abstract or overly technical. In practice, atomic execution is one of the most important — and least visible — building blocks of modern DeFi. It is also the reason why Stabull can…
By early January, one thing had become increasingly clear to the Stabull team: the growth we were seeing in trading volume could not be explained by user interface activity alone. There was more happening beneath the surface. By Jamie McCormick, Co-CMO, Stabull Labs The fifth article in the 15-part “Deconstructing DeFi” Series. ⸻ By early…
When Stabull launched, the most visible way to interact with the protocol was simple: users visited the interface, selected a pool, and executed a swap. Liquidity providers supplied assets, traders swapped against them, and fees were generated in a way that looked familiar to anyone who had used a decentralised exchange before. That model still…
Independent Lifecycle Case Studies of the BRZ/USDC Pools on Stabull Base and Polygon By Jamie McCormick, Co-CMO, Stabull Labs The third article in the 15 part “Deconstructing DeFi” Series. ⸻ This article examines the lifecycle of two independent BRZ/USDC pools, deployed on Polygon and Base. Although both pools support the same asset pair and operate…