Walter Smith

Walt is a freelance writer for Decrypt. He previously worked as a volunteer analyst at Messari, covering all things DeFi, and on the editorial team at Bitcoin startup Lolli. He holds a B.A. in Economics from Grove City College. Disclosure: He owns less than 1 BTC and less than 1 ETH.

Stories by Walter Smith

What is Thorchain? The DeFi Bridge for Bitcoin, Ethereum and More
While crypto markets are maturing, developing more financial products, and gaining users, most crypto assets are still marooned on their native networks. This means assets minted on a network like Ethereum cannot be used or directly traded to another crypto network, like the Bitcoin blockchain or Binance Smart Chain. Swapping assets across blockchains is reliant on middlemen in the form of exchanges, such as Coinbase or Binance—or is dependent on tokenized versions of assets, such as Wrapped Bit...
UniversityExplainersThe Projects
7 min read
Walter Smith
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Ethereum DeFi Exchange dYdX Raises $65 Million From a16z, Paradigm and More
dYdX, an Ethereum-based decentralized exchange for margin, spot, and derivatives trading of various cryptocurrencies, has raised a Series C worth $65 million. The investment round was led by Paradigm, with several others participating, including past investors such as a16z, Polychain Capital, and Three Arrows Capital. The Series C is a significant dollar increase from dYdX’s previous investment rounds, which were both worth $10 million. It's a big boost in capital for a startup that is vying to...
NewsBusiness
3 min read
Walter SmithJun 15, 2021
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