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…
In the previous article, we broke down who is interacting with Stabull outside the UI — bots, solvers, and aggregators. In this article, we’ll focus on how many of those interactions actually work under the hood. By Jamie McCormick, Co-CMO, Stabull Labs The fourteenth article in the 15 part “Deconstructing DeFi” Series. ⸻ Specifically, we’ll…
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…
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…
After reviewing non-UI activity across Stabull pools on Base, Ethereum, and Polygon, one question comes up repeatedly: Who is actually sending these transactions? By Jamie McCormick, Co-CMO, Stabull Labs The thirteenth article in the 15 part “Deconstructing DeFi” Series. ⸻ The answer is not a single group, but a set of distinct participants — each…
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…
When people talk about liquidity provision in DeFi, it’s often framed in abstract terms: “earning fees,” “providing depth,” or “supporting the market.” By Jamie McCormick, Co-CMO, Stabull Labs The 12th article in the 15 part “Deconstructing DeFi” Series. ⸻ Over the past few weeks, the Stabull team has been reviewing non-UI trading activity flowing through…