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FN · Field Notes

Notes from the line.

  1. FN-001 · 2026-09-14Stations, not curves: how DLMM bins price a marketMeteora DLMM replaces a continuous curve with discrete price bins. Here is what that means when you place liquidity.
  2. FN-002 · 2026-09-22Local, Express, Switchback: reading Spot, Curve and BidAskThree strategy shapes, three different bets on how price will move. None of them is a guaranteed return.
  3. FN-003 · 2026-10-01What browser encryption is not: notes on private coordinationConfidential coordination protocols combine committees, threshold keys and proofs. A browser demo does not. Here is the difference.