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 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…
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…
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…
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…
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…