Hello and Welcome

The DeFi Report is trusted by readers at Franklin Templeton, Fidelity, JP Morgan, Gartner, McKinsey, E&Y, PwC, Deloitte, KPMG, Google, Amazon, Coinbase, FINRA, The SEC, Hong Kong Monetary Authority, and the Bank of England.

We provide data-driven research reports & business model analysis covering public blockchains and the Web3 tech stack. Our reports are thesis-driven and designed to stand the test of time. You can think of us as a data scientist + senior analyst at your fingertips. Your free subscription will include easy-to-follow analysis and industry-leading data — including over $10k + of annual licenses.

Our readers come from:

• VC Firms

• Asset Managers

• RIAs

• Hedge Funds

• Web3 founders, builders, operators, and investors

• Crypto-curious investors

• Regulators

• Traditional investors looking for easy-to-follow frameworks and mental models for DeFi and web3

Topics covered:

• Valuation Frameworks

• On-Chain Data Analysis

• History of Open-Source Technology & Open Standards

• Bitcoin, Ethereum & Layer 1 Smart Contract Platforms (infrastructure analysis)

• Value Accrual throughout the Tech Stack (L1s, L2s, Apps, Infrastructure)

• How to value an L1 & important KPIs

• DeFi Blue Chip Analysis (Uniswap, MakerDao, Aave, Lido, Balancer, etc.)

• Individual Project Analysis & Investment Memo’s (Business Model, Team, Product, Tokenomics, Financials, Margins, KPIs, Social, Risks, etc.)

• Macroeconomic updates and correlations to Crypto

• Investing through cycles — how to identify entry and exit points

Who writes The DeFi Report?

My name is Michael, and I am an avid enthusiast for personal finance, data, crypto, blockchain technology, psychology/human behavior, history, financial markets, macroeconomics, business, start-ups, real estate, and sports.

In addition to running The DeFi Report, I am a strategic advisor to multiple start-ups and asset managers. I am also a guest lecturer at UConn Business Schoo, a guest writer at Coindesk, and the creator of The Ethereum Investment Framework.

I’ve been conducting research, studying onchain data, investing, and writing about public blockchains and protocols since 2019. My web3 experience also includes a 1.5-year stint as Director of Ecosystem Strategy at Inveniam where I sat at the unique intersection of crypto, web3, and traditional capital markets.

Prior to launching The DeFi Report, I worked at a family office and spent 10 years doing finance/accounting in the Commercial Real Estate industry at Boston Properties and later MIT Investment Management Company. I began learning about blockchain technology during my time at MIT back in 2017.

Please feel free to respond directly to the newsletter if you’re interested in working with me.

Kind Regards,

Michael