Thoughts on Web3 product, development, and building useful things
In 2025, institutions and ETFs made crypto more professional. That can mean deeper liquidity, but also choppier rallies in major coins, with the wild moves shifting to smaller riskier assets. Long-term believers need patience through sideways markets.
Most “lost funds” aren’t hacks. They’re routing mistakes. A simple 3-question framework helps you debug transactions fast: where is value moving, what is moving, and how is it moving.
We assumed crypto was cheap - until fee subsidies piled up. Chain fee models vary, so costs can hide in plain sight. Staking + a cost-per-withdrawal KPI helped us cut the burden big time.
On-chain proxies suggest Courtyard is driven by a “buy packs -> sell back -> spin again” loop - until Nov 11, when physical redemptions surged and the platform started behaving like a real fulfillment engine.