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From the research terminal
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A look at the kind of research Premium unlocks.
The Buyback Illusion: How Crypto Protocols Simulate Shareholder Returns Without Actually Returning Capital
Foundations across the crypto market burned over $2.5B buying back native governance tokens under the delusion of returning capital to holders.
Jul 26, 20268 min
Open Research
AI AgentsFeatured
Scoped Authorization Proofs: A ZK Primitive for Agent Policy Commitment
SAP treats authorization scope as the cryptographic object between agent identity and execution, letting an agent prove one permitted action under a current policy root without exposing its full permission set.
Apr 26, 20269 min
Where Compliance Moves When Stablecoin Payments Become Programmable
Stablecoins made execution programmable faster than compliance systems made authorization legible. Once a wallet operation assembles itself from prompts, tool calls, delegated keys, and sponsor logic, the institutional edge becomes an outer ring rather than the decisive gate. This piece maps where compliance moves when that happens, what the strongest minimum architecture looks like for programmable stablecoin flows, and what it still cannot solve.
Apr 1, 202610 min