Level 2
DeFi Analyst
You can read and compute real DeFi metrics and name their limits.
Data literacy, protocol analysis, tokenomics, liquidity, on-chain analysis and the mechanics of DEX and lending markets.
Data analysisProtocol analysisTokenomicsLiquidityOn-chain analysis
Module 6 — DeFi Data Literacy
Every metric along the same seven steps: definition, formula, source, interpretation, limitations, risk, institutional relevance.
Module 7 — Protocol Analysis
Examining a protocol in the same fifteen steps every time — from identity to institutional relevance.
Module 8 — Tokenomics
Supply, distribution, vesting, emissions — and whether a token captures value at all.
Module 9 — Liquidity Analysis
Why TVL is not liquidity — depth, slippage, concentration and exit liquidity.
Module 10 — On-Chain Analysis
What addresses, flows and holder distributions show — and where interpretation begins.
Module 11 — DEX Analysis
AMM mechanics, LP economics, price impact, MEV — and how much of it reaches the fees.
Module 12 — Lending Analysis
Collateral, utilization, rate models, liquidation — and how bad debt arises.