Signal over noise

Editorial research on crypto systems, incentives, and culture.

We analyze protocols behaviour, where design assumptions break and narrative explanations stop matching reality.

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Education

Architecture, mental models, and constraints narratives tend to ignore.

Project analysis

Incentives, mechanisms, and second-order effects after systems are live.

Culture & stories

How belief and coordination shape markets — and where stories diverge from system behavior.

Work with us

We work with protocol teams when narrative explanations collapse under real incentive behavior. We help realign positioning and system explanation with how coordination actually works, without distortion.

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