Money 2.0 Stuff: Unus Sed bZx

“The word ‘protocol’ sounds deceptively intimidating until you realize it is really just a cool synonym for ‘rules’. Rules, both formal and implicit, abound. Rules themselves are pretty boring. No one likes rules. The fun part comes from carefully evaluating these rules and devising exploitative strategies that have not been explicitly accounted for – I'm just playing by the rules, man! The fun part is discovering, and then occupying, the liminal space. The world of cryptocurrencies has liminal spaces by the bucketload, which is why it’s so entertaining.” 

Anyway, anyway, bZx is an Ethereum-based lending protocol. Fulcrum is a margin trading platform that sources liquidity from bZx. The products share the same team. The team is having a bad week.