Llama — Field Evidence
paperUnverified
Llama · Llama · incident
Field note
Dynamic Interest Rate Discovery in Decentralized Finance: A Reverse Kelly Automated Market Maker for Risk-Adjusted Lending — Decentralized Finance (DeFi) lending protocols currently rely on heuristic, utilization-based bonding curves that mandate severe over-collateralization, sy
collected 2026-07-07original 2026-07-05
Does this shift the US–China race?
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Impact on the index
Safety concern · minor
US -15
Directional contribution — before recency decay and per-type diminishing returns. How it works →
Related Front
US vs ChinaLikely
U.S. FrontiervsChina Open-Weight
Likely — capability gap narrowing on common tasks
Letters from the Front
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